Wal-Mart's CEO addresses company's powerful position

Speaking before an audience of top retail executives, Wal-Mart CEO H. Lee Scott said the nation's top retailer doesn't plan to "take over the world," and said his company has a mutually-beneficial relationship with its manufacturers. Scott also spoke on the future of Wal-Mart supercenters and RFID technology, and was well-received by an audience consisting of many Wal-Mart competitors.

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