NEW YORK ( TheStreet) -- Dictionary.com defines pride as "an inordinate opinion of one's own dignity, importance, merit, or superiority." And nowhere was pride more evident than last week in the confrontation between the Washington, D.C., City Council and Wal-Mart (WMT). Pride got in the way of both sides, turning what was at least three years of hard work and promise for Washington redevelopment into a political fiasco.Wal-Mart has a reputation of using its size and economic power to get its way. Today we call that "bullying." Ask any vendor about margin squeeze. Ask any community banker with a Wal-Mart account about negative float.
Pride Is Costing Wal-Mart and Washington
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