Wal-Mart CEO takes month-long hiatus
But vacation is defended by a respected employment expert, who says CEOs need the rest and Americans in general fare poorly with time off.

NEW YORK (CNNMoney.com) - While the average American takes less than three weeks off each year, Wal-Mart chief Lee Scott is reportedly planning a month long getaway.

But some are defending Scott's extended R&R, noting how executives in high stress positions need time to unwind and how American's don't get nearly as much time off as their foreign counterparts.

"Some expect CEOs to be chained to the desk. Most put in 12 or more hours a day, often working seven days a week," John Challenger, head of employment consulting firm Challenger, Gray & Christmas, said in a statement. "But we should want leaders in high-pressure situations to have time to decompress."

Challenger said that with advances in technology, in all likelyhood Scott will be working while on vacation anyway.

Wal-Mart (Research) did not immediately return calls seeking comment.

And Challenger's statement noted that on average, Americans get 16 days of vacation a year. And 30 percent of workers don't even take all their allotted days.

It contrasted that with other developed countries, where it said vacation time is mandated by law. Spanish workers get 30 days off each year, while those in Austria get 25 and Switzerland get 20, the statement said.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.