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Lee Scott Cashes In

Wal-Mart released its proxy statement yesterday, and it looks like former CEO Lee Scott raked in a cool $30.2 million in 2008. While his salary was slightly lower than last year’s, it’s still a bit higher than most Wal-Mart employees – whose average hourly salary is $10.86 an hour or $19,200 per year.

At Lee Scott’s current rate of $14,519 per hour, an average full-time Wal-Mart worker would need over 1,500 years to accumulate what Lee Scott makes in a year.  This wage gap is even more alarming considering, since 2004, the typical Wal-Mart employee’s paycheck has shrunk by 3% when adjusted for inflation (while the cost of living has increased by nearly 14%.)

By this time next year, we should find out about new Wal-Mart CEO Michael Duke’s compensation package. Duke made 12.2 million last year and could be in line for a double digit (in millions) raise. We doubt regular Wal-Mart workers will be so lucky…

Wal-Mart paid ex-CEO Scott $30.2 mln in FY09 [Reuters]:

Wal-Mart Stores Inc’s recently retired Chief Executive, Lee Scott, took home a total of $30.2 million in the year ended January, slightly down from a year ago, as revealed by the company’s proxy statement.

Scott, who retired as the world’s largest retailer’s president and CEO effective January 31, had received a total compensation of $31.6 million in fiscal 2008.

Scott had served as Wal-Mart’s CEO since January 2000.

Much of Scott’s tenure was marked by struggles and a stagnating stock price. From 2000 through 2007, the company’s stock fell 31 percent, with most of the drop coming shortly after his promotion.

In fiscal 2009, Scott received $17.4 million in stock awards, up from $14.1 million in the previous year.

His fiscal 2009 option awards were valued at $4.4 million, down from $6.8 million a year ago.

He received $5.8 million as non-equity incentive compensation, down from $8.4 million.

Scott’s total compensation also includes salary, non-qualified deferred compensation and all other compensation.

Michael Duke, Wal-Mart’s current CEO, received $12.2 million as compensation in fiscal 2009. He headed the retailer’s international operations before being named CEO.

Duke is expected to expand efforts to reduce waste, use renewable energy and push suppliers to clean up their act.

Shares of the Bentonville, Arkansas-based company closed at $49.27 Monday on the New York Stock Exchange.

Posted by Brendan Gaffney on Tuesday, April 21, 2009

Click Here for a Printer-Friendly Version

COMMENTS

Guuuuuuuuuuuuuugreedy executive Lee Scott.

John in
Tuesday, April 21 at 02:48 PM

Really John???  You know Lee Scott personally?  You know he is greedy?  Please tell the rest of us who do not know him personally how you know this.

Big Tex in Rogers
Tuesday, April 21 at 04:43 PM

“At Lee Scott’s current rate of $14,519 per hour,”

I guess the author of this article is assuming Lee Scott only worked 40 hrs a week… I bet he worked more than double that as the CEO.  See, thats the down fall to not being hourly.  You work more than 40 hrs a week and the higher you climb the ladder, the more hours you work.

Not that this really matters.  He was not paid as an hourly.

Big Tex in Rogers
Tuesday, April 21 at 04:47 PM

...and how much he made matters how?

Someone in USA
Tuesday, April 21 at 06:45 PM

...and how much he made matters how?

For a WalMart Upper Management wannabe like yourself Someone,
that seems like a silly question.  I bet you’re not only interested in
how much Lee Scott made, but HOW he made it as well.

ScrewedbyWalMart in Anytown, America
Tuesday, April 21 at 08:01 PM

Sorry, Screwy, but unlike you I don’t spend all my time envying what others have. I take care of myself and let them take care of themselves.

Someone in USA
Tuesday, April 21 at 08:08 PM

...and how much he made matters how?

Some may find $30 million a year obscene. The funny thing is, if you held WMT stock during Scott’s tenure, you had a bumpy ride. The stock never regained the level it held in 2000 when Scott took over. So Lee didn’t get paid for that.

As we’ve seen with the financial meltdown, executive compensation has nothing to do with ability.

Some of these salaries I see out there are completely out of line, and everybody knows it. It’s obvious that most companies would be much better served by basing managers’ pay on the performance of the company or return on investment to the shareholders or some yardstick which clearly takes into account how well they’re doing their job. ~ Sam Walton

Ken V in Texas
Tuesday, April 21 at 08:27 PM

Ken,

You seem to misunderstand both the company’s objective with its stock and how markets work in general.

Someone in USA
Tuesday, April 21 at 08:35 PM

I see your arrogance is still fully in tact, Someone.  If you had been addressing ddrb
instead of Ken V, I’m sure you would have thrown in a “my dear” for
added emphasis.

ScrewedbyWalMart in Anytown, America
Tuesday, April 21 at 08:53 PM

“...and how much he [Lee Scott]made matters how?"~Someone in USA

One the same note, what the so called ‘associates’ make matters how, Someone in USA?

R E M E M B E R
J O N Q U I E R E
Q U E B E C
Home of Walmart Worker Abuse

R E M E M B E R
J A C K S O N V I L L E
T E X A S
Home of Walmart Worker Abuse

R E M E M B E R
G A T I N E A U
Q U E B E C
Home of Walmart Worker Abuse

Alex in Ontario, Canada
Tuesday, April 21 at 10:06 PM

You seem to misunderstand...

Perhaps I do but I had no trouble understanding this:

The most overpaid CEOs in America

http://articles.moneycentral.msn.com/Investing/CompanyFocus/TheMostOverpaidCEOsInAmerica.aspx?page=all

Live Better In Cheap Underwear

Ken V in Texas
Wednesday, April 22 at 05:44 AM

how about all the even more greedier slobs at all you walmart haters favorite stores like costco target,k-mart and etc?funny we never hear you bitching about them cashing in so whats wrong with lee scott doing the same thing?

MATT IN in gresham,oregon
Wednesday, April 22 at 10:22 AM

Alex,

“One the same note, what the so called ‘associates’ make matters how”

You have to understand, that the amount one makes, depends on how much profit a person brings into the company!!  That’s why the top football and baseball players get millions of dollar contracts, same with actors, musicians, etc.!!  How much revenue does a ‘greeter’ or ‘cart pusher’ bring into the company?  A test of this is, can a company run without them!!  Aldi’s proves that you neither NEED a ‘greeter’ nor ‘cart pushers’ and ‘self checkouts’ prove that ‘cashiers’ aren’t necessary!!  As far as shelf stockers, warehouse clubs that dispense products off pallets, prove that you don’t need ‘shelf stockers’ either!!  Those people should be GLAD that Wal-Mart chooses not to run without them, because they just are a convienience to customers!!  Just look at the meat cutters in Texas, Wal-Mart showed they could get along just fine, without them!!

Don’t bite the hand that feeds you, it might just bite you back!!

RDS in
Wednesday, April 22 at 10:41 AM

RDS-

“Just look at the meat cutters in Texas, Wal-Mart showed they could get along just fine, without them!!”

And that example right there is EXACTLY what is wrong with the current labor laws and why we need EFCA.

http://www.organicconsumers.org/articles/article_17426.cfm

This article says it best.  Not to mention more concise than I can.  It shows exactly how the Walmarts of the world circumvent the unionization process.

Wal-Mart start paying your way! in Baraboo, WI
Wednesday, April 22 at 11:35 AM

Aldi’s proves...

Wasn’t Aldi’s the outfit that kicked the Beast of Bentonville’s butt in Germany?

Um, what are we going to do with all these people we can do without?

Years ago you got no respect (or money) if you were a dog catcher or garbage man. Today Animal Control Officers and Sanitation Engineers are well-respected and well paid. Could this same transformation take place in the service sector?

All hail retail!

Ken V in Texas
Wednesday, April 22 at 12:38 PM

I’m more inclined to note that WalMart committed suicide in Germany. Which makes it all the more fitting that Mike Duke is now the chief camp commander. Lee Scott may not go down as an Adolf Eichmann type, but $30 million can buy you huge amounts of dog food for your Dobermans as you sleaze away Bush style into hiding.

WalMart-A efficient hybrid between the ‘love of money’ business theology and the don’t really care about people culture.

SanDiegoView in WalMart is socially retarded Dixie culture
Thursday, April 23 at 05:12 AM

Ken V,

“Today Animal Control Officers and Sanitation Engineers are well-respected and well paid.”

Aren’t those public sector jobs?  Everyone knows that public sector jobs get paid better, because they are funded by unlimited taxpayer dollars, unlike the private sector, whose funds are limited by amount of sales!!

RDS in
Thursday, April 23 at 09:20 AM

Aren’t those public sector jobs?

Our garbage men are contracted private sector, but that’s not the point.

The point is working retail doesn’t have to be a low-wage, dead end job. Wal-Mart could be an entry level stepping stone to a career in retail but it’s not. How many of those highly paid perfume salesgirls at upscale department stores started out at Wal-Mart? The answer is somewhere between few and none.

But then Wal-Mart associates aren’t salespeople. They’re shelf stockers or cashiers.

I don’t think someone getting a good deal on toilet paper at Walmart is, through their purchase, endorsing Walmart’s business practices. ~ Greg Spotts

Ken V in Texas
Thursday, April 23 at 11:25 AM

Ken V,

“Our garbage men are contracted private sector, but that’s not the point.”

But, the point is, the government can DEMAND certain wage levels (usually set by a union), from it’s contractors and are willing to pay based on those levels!!

“Wal-Mart could be an entry level stepping stone to a career in retail but it’s not.”

Isn’t it true, that Lee Scott worked his way up the Wal-Mart ladder?  Wasn’t he at one point a truck unloader?  Isn’t it also true, that most of Wal-Mart’s management came up through the ranks?  Isn’t it also true, that NOT everyone is qualified for nor have the desire to move up in the company?

“highly paid perfume salesgirls at upscale department stores”

For the most part, there are not many ‘upscale department stores’ in smaller towns for Ex Wal-Mart employees to go to!!

RDS in
Thursday, April 23 at 01:05 PM

Isn’t it also true...(/)

None of that makes him worth $30 million a year.

Our size causes us, when we do something inappropriate, which is usually done out of stupidity, to come across as being done out of arrogance. ~ H. Lee Scott

Ken V in Texas
Thursday, April 23 at 05:04 PM

None of that makes him worth $30 million a year.

Says you?  And what authority are YOU to decide what someone is worth?  What Lee Scott is/has been paid is between him and the board of directors and ultimatly the owners of the company, the shareholders.

But while we’re at it Ken I don’t think you are worth $1 a year.  Yea makes sense to me, but then again it’s only MY opinion and that doesn’t matter just like your opinion doesn’t matter.

Mark in
Thursday, April 23 at 09:38 PM

None of that makes him worth $30 million a year.

Says you?  And what authority are YOU to decide what someone is worth?  What Lee Scott is/has been paid is between him and the board of directors and ultimatly the owners of the company, the shareholders.

But while we’re at it Ken I don’t think you are worth $1 a year.  Yea makes sense to me, but then again it’s only MY opinion and that doesn’t matter just like your opinion doesn’t matter.

Mark in
Thursday, April 23 at 09:39 PM

Ultimately Ken’s statement is the quint essential difference between how a Liberal thinks and how a Conservative thinks.

Liberal - You are not worth $30 million a year that is not fair.  I am jealous because I should have it to but if I can’t have it then you can’t either.  More importantly I hold a higher moral and thruthful authority so I have the right to say it’s not fair.  So I am going to butt into your personal life because my ends justifies my means.

Conservative - Congrats on the $30 million.  It’s not my place to decide whether you are worth it or not.  And my only jealously is that I want to earn that $30 million as well.  I ASPIRE to be at your level.  I will work hard and with that hard work and a little but of luck and being in the right place at the right time I will get to that level.  But I also know that I may not have the skill sets to get me there but I will still aspire to be the best I can be.

mark in
Thursday, April 23 at 09:49 PM

Ken V,

“None of that makes him worth $30 million a year.”

Do you think politicians are worth what they will get in their lifetime?  Do they get paid based on performance?  How about football quarterbacks, are they worth what they get paid?  I heard Jay Leno is getting about $30 million a year, is he worth it?

Truth is, YOU are WORTH whatever someone is willing to pay you!!

RDS in
Thursday, April 23 at 09:50 PM

RDS-

Do you think politicians are worth what they will get in their lifetime? 

No

Do they get paid based on performance? 

Obviously not.

How about football quarterbacks, are they worth what they get paid? 

Yes, ticket sales..multibillion dollar television contracts...liscensing agreements....marketing....noboy is dumping $45-$450 a ticket to come and watch me work for three hours.

I heard Jay Leno is getting about $30 million a year, is he worth it?

He also generates $50 million a year in advertising.  So yes he is.

“Truth is, YOU are WORTH whatever someone is willing to pay you!!”

True...to a point.  You are worth what YOU are willing to negoiate and settle for.  Someone is not going to offer you a million dollars a year if you are willing to work for $500,000, even if you are WORTH a million.  Companies only pay you what you are worth if you INSIST they pay you what you are worth.

Wal-Mart start paying your way! in Baraboo, WI
Friday, April 24 at 01:15 AM

Companies only pay you what you are worth if you INSIST they pay you what you are worth.

Let’s see.  I walk into my favorite Safeway store and apply for a job as shelf stocker.  I then tell Safeway I am worth $1 MILLION dollars a year.  As a matter of fact I INSIST that they pay me what I am worth because I know I am worth that much.  Safeway then WILL pay me my $1 MILLION dollar a year because I INSISTED that they pay me what I’m worth.

Yea that should work according to Ken’s logic.  Nice job Ken!

Mark in
Friday, April 24 at 07:04 AM

“I’m worth $1 MILLION dollars a year.” - Mark

I see we have another “mamma cum loudly” graduate of
The RDS School of Extreme Exaggeration and Hyperbole in
our midst.

ScrewedbyWalMart in Anytown, America
Friday, April 24 at 07:50 AM

Exaggeration/smaggeration.  You can pick any number you want BUT you still won’t won’t get the analogy and ultimate falsehood of Ken V’s statement will you ScrewedbyWalMart?

Mark in
Friday, April 24 at 09:39 AM

Wal-Mart start paying,

“Yes, ticket sales..multibillion dollar television contracts...liscensing agreements....marketing....noboy is dumping $45-$450 a ticket to come and watch me work for three hours.”

So, you don’t think that generating $12 billion in profits, isn’t equal to what a quarterback brings in?  And, because one quarterback gets X millions of dollars a year, does that mean that ALL quarterbacks should get that amount?  So, why should ALL Wal-Mart workers get the same amount, the so called ‘living wage’?

“Someone is not going to offer you a million dollars a year if you are willing to work for $500,000, even if you are WORTH a million.”

And, no one is going to pay you $15/hr., if your labor only generates $12/hr., even if you THINK you are worth it!!  Like I said, you are ONLY worth what someone is willing to pay you, no matter what you THINK you are worth!!  When you get back to work, go tell your ‘boss’ that you think you are worth $50.00/hr. and see how far it gets you!!  Odds are, you will either accept what HE offers or you will be looking for a new job!!

How much do you think an ‘unskilled worker’ is really worth anyhow?

RDS in
Friday, April 24 at 10:41 AM

RDS-

“So, you don’t think that generating $12 billion in profit....”

So the truck drivers, dock workers, stockers, sales ‘associates’, and cashiers didn’t “generate” any income?  Let see Scott or any CEO generate income without the people on the job “generate” income.

Wal-Mart start paying your way! in Baraboo, WI
Friday, April 24 at 12:15 PM

So Wal-mart how do you reconcile the ushers, security and food service personnel at an NFL game.  Could the NFL game go on without the support of the facility people.  I think not.  But why does the section 512 usher not make $10 Million/year like the team quarter back?  Is that usher not important?

Are ushers, security and food service personnel necessary for the NFL game to proceed?  Absolutely.  Are the truck drivers, dock workers, stockers, sales ‘associates’and cashiers necessary for Walmart to thrive?  Absolutely!  But that still doesn’t mean “that” particular job is worth the same as the CEO because obviously it’s not.

It really isn’t that hard a concept to understand.

Mark in
Friday, April 24 at 01:06 PM

I seldom read and virtually do not post anymore on this blog. However let me set a few straight—all the same posters are on here (nothing changes) the same ones supporting the union and the same ones supporting WM.  In this case of Lee Scott those who support his wage package are off track.  A CEO makes many times more in base wage that the janitor crew, that takes care of the difference in duties (and forget if Scott worked over 40 hrs a week, that has nothing to do with the equation —in fact many employees for WM would just like to be able to work and get the pay for 40hrs and not having hours cut) RDS the remark about greeters, cashiers etc not being necessary is a foolish statement.  Yes all business can get by without a lot of people, however those people if courteious and know their jobs will bring in customers.  (Too long to go into all the aspects of marketing)

As to the bonus, stock options, etc.  these are perks that board members give to each other.  I doubt if Sam Walton would have allowed it.  Lee Scott produced absolutely nothing in sales last year for WM—the floor associates did most of it.  Yes some customers would still buy, but a knowledgeable associate will bring customers back.  The janitor that keeps the rest rooms clean brings back many customers.  Would you continue to shop in a store with a filthy rest room??  I think not.

A bonus should be fairly and equally be distriibuted among all employees, (yes years of service would count for a greater percentage) the people at the top are paid for their job and should do it.  The person at the bottom should also do his job and think of ways to do it better.  But the profit (bonus) if primarily made by the customer contact person.

I could write an entire column on this, but it is a shame that an honest discussion cannot be had.  RDS, Matt Someone, you are wrong are your side and KenV. Wal-Mart Start and others you are wrong on you side.  I will now go back into hibernation and do some legal research that has to be done.

The Sage in villa ridge, MO
Friday, April 24 at 01:07 PM

I will now go back into hibernation...

Who woke the bear up?

(nothing changes)

How right you are, Sage, I see you’re still as pompous as ever.

Think of how stupid the average person is, and realize half of them are stupider than that. ~ George Carlin

Ken V in Texas
Friday, April 24 at 03:05 PM

“bbrd” / Someone in USA see the Sage’s pompous
attitude and raises him tenfold.

ScrewedbyWalMart in Anytown, America
Friday, April 24 at 05:19 PM

Wal-Mart start paying,

“So the truck drivers, dock workers, stockers, sales ‘associates’, and cashiers didn’t “generate” any income?  Let see Scott or any CEO generate income without the people on the job “generate” income.”

The same goes for the quarterback, he is nothing without ‘good’ receivers, linemen, etc., it’s a team effort!!  As for those ‘associates’, they got paid, what they agreed on at hiring!!  Also, the team owner makes a whole bunch more than the quarterback does (could be MORE than $30 million a year, for a winning team)!!  And, as for Jay Leno, he is nothing without his writers, cameramen, sound guys, guests, etc. and do you think they make millions too?  Now, you might say that the others get paid well, but, I’ll remind you again, they are ‘skilled’ in their professions, they didn’t just learn their jobs in 1/2 an hour!!  And, stocking a shelf is NOT a profession!!

Sage,

Good to hear from you again!!

“Yes all business can get by without a lot of people, however those people if courteious and know their jobs will bring in customers.”

The fact that a company can get along without those people is a good example of how Wal-Mart hires more people than they really need, thus giving people a job and paying people they could do without!!  As for being courtious, do you think the people complaining here and say that customers ‘suck’ are courtious and the people who tell others NOT to shop at Wal-Mart, are bringing in customers?

“Lee Scott produced absolutely nothing in sales last year for WM—the floor associates did most of it.”

Sorry, but this shows where you have no concept of what a CEO does!!  The decisions a CEO makes decides everything about how the business operates and has to take the flack for every problem the employees may cause!!

Now, I may not agree that Lee Scott deserves what he got, that is between him and the BOD, but, when compared to the janitor, there is NO comparison!!  While it is true that ‘associates’ are important, it is also true, that people get paid based on their ‘skill level’ and Wal-Mart ‘associates’ for the most part are ‘unskilled’, in other words almost anybody could do their jobs, which makes the ‘supply’ of workers more than the demand!!  And, I think you would find, that ‘good’ workers move up in the company and get paid a lot better than new hires and ‘bad’ performing workers!!

RDS in
Friday, April 24 at 09:37 PM

...get paid a lot better than new hires...

That’s why these “‘good’ workers” are having their hours cut and shoved out the door.

Your vision of the workplace doesn’t take into account Wal-Mart’s disposable workforce approach.

Given the impact of tenure on wages and benefits, the cost of an Associate with 7 years of tenure is almost 55 percent more than the cost of an Associate with 1 year of tenure, yet there is no difference in his or her productivity.

Moreover, because we pay an Associate more in salary and benefits as his or her tenure increases, we are pricing that Associate out of the labor market, increasing the likelihood that he or she will stay with Wal-Mart. ~ Chamber’s Memo

Ken V in Texas
Saturday, April 25 at 06:11 AM

Ken V,

It all depends on HOW you read that Chambers memo!!  Whether you put a ‘negative spin’ on it or read it as written!!

The first paragraph is just a statement of fact, in retail, there is very little productivity INCREASE by an employee with 7 years, than one with 1 year (you can only stock a shelf so fast)!!  And as I read the second paragraph, it means:

As we pay people more and give them better benefits, they are getting MORE than they would be able to get in the other parts of the retail market, therefore, it is very likely that they will STAY at Wal-Mart!!

Notice, it says “increasing the likelihood that he or she will STAY with Wal-Mart”, it doesn’t say anything about leaving or being discharged!!

RDS in
Saturday, April 25 at 09:32 AM

You’re pathetic, RDS! I hope for your sake, WalMart will someday pickle your brain
and put it permanently on display at the Home Office, in one of their now infamous
2 gallons pickle jars.  What am I saying?  In your case a 3 ounce jar will do, with
plenty of room to spare.

ScrewedbyWalMart in Anytown, America
Saturday, April 25 at 10:01 AM

RDS-

“Also, the team owner makes a whole bunch more than the quarterback does..”

And the players make more than the General Manager.  End of discussion.

Wal-Mart start paying your way! in Baraboo, WI
Saturday, April 25 at 10:26 AM

WISHFUL THINKING, BARABOO?

“End of discussion.”

Don’t you know by now that when it comes to RDS, it’s never the end of the
“discussion?”. He’s always got one more personal anecdote or some
nugget of wisdom he picked up from his favorite TV program, to throw in
our face.

BTW RDS, I am aware that WM marketed and sold pickles in 1 gallon jars, not
“2 gallon” jars. But gallon shmallon, did anyone NEED to buy pickles in that
quantity?

ScrewedbyWalMart in Anytown, America
Saturday, April 25 at 01:52 PM

...and put it permanently on display at the Home Office, in one of their now infamous 2 gallons pickle jars

OK, the so-called all-new Screwed 2.0 is really not so “new and improved”, after all.

Earlier this week, he made mention of Rubbermaid, and now he’s playing “the Vlasic card” from an article that predates WMW (2003).

Could Huffy be too far away?

Really, Tom, if you’re going to start talking smack, you need to start using more current material.

bbrd in
Saturday, April 25 at 01:55 PM

The new right wing-nut mantra:

Look ahead! We don’t need to look back!

I’ll agee to not criticize Wal-Mart prior to 2000.

“There are a lot of issues here, but what they add up to is the end of the age of Wal-Mart,” contends Richard Hastings, a senior analyst for the retail rating agency Bernard Sands. “The glory days are over.”

Ken V in Texas
Saturday, April 25 at 02:01 PM

Screwedby,

“did anyone NEED to buy pickles in that quantity?”

Well, they STILL sell them that way, so sombody must be buying them, after all, some people like pickles and they keep for a long time!!  I buy them in the gallon jars, because the price for a gallon, is not much more than a ‘small jar’!!

BTW:  I buy Vlasic pickles, I thought you said Wal-Mart put them out of business?

RDS in
Saturday, April 25 at 11:59 PM

...there is very little productivity INCREASE by an employee with 7 years, than one with 1 year...

That’s a management breakdown not employee’s limitations. First of all the numbers themselves are questionable since they were derived through averages.

To believe that an employee with 7 years tenure doesn’t have superior skills over a new hire is absurd. No wonder finding an associate with customer relation skills is a real trick.

Too much reliance on numbers leaves little room for the human factor.

There is scarcely anything in the world that some man cannot make a little worse, and sell a little more cheaply. The person who buys on price alone is this man’s lawful prey. ~ John Ruskin

Ken V in Texas
Sunday, April 26 at 07:21 AM

“I thought...”—RDS

“I’m try’in to think, but noth’ins happen’in”—Curly Howard

This is what gets you into so much trouble RDS.  Stop trying to “think” your way out of a “debate.”

I never said Wal-Mart put Vlasic out of business.

ScrewedbyWalmart in Anytown, America
Sunday, April 26 at 09:35 AM

Screwedby,

“Stop trying to “think” your way out of a “debate.””

Just because YOU never ‘think’, doesn’t mean it’s a BAD idea to do so!!  What’s that they say about coming to a ‘gunfight’ with an empty gun?  Your ‘empty gun’ is called your ‘brain’!!

RDS in
Sunday, April 26 at 10:29 AM

You’re the one shooting blanks RDS, whenever you accuse people of saying things they never said, or make statements that you can’t back up with solid facts.

ScrewedbyWalmart in Anytown, America
Sunday, April 26 at 10:37 AM

RDS-

“It all depends on HOW you read that Chambers memo!!  Whether you put a ‘negative spin’ on it or read it as written!!

The first paragraph is just a statement of fact, in retail, there is very little productivity INCREASE by an employee with 7 years, than one with 1 year (you can only stock a shelf so fast)!!  And as I read the second paragraph, it means:

As we pay people more and give them better benefits, they are getting MORE than they would be able to get in the other parts of the retail market, therefore, it is very likely that they will STAY at Wal-Mart!!

Notice, it says “increasing the likelihood that he or she will STAY with Wal-Mart”, it doesn’t say anything about leaving or being discharged!!”

And when you put that into the CONTEXT of the memo which is about cutting labor costs, the implication is that we can’t have these long term employees, because it drives up our costs by 55% and reduces our profit by 12%.

On a side note.  If you use Walmarts own numbers a 55% increase in costs only has a 12% effect on profits.  Thereby, the argument of how a raise would effect the bottom line is different.  That ammounts to a 21.8% NET effect on revenues.

Wal-Mart start paying your way! in Baraboo, WI
Sunday, April 26 at 04:06 PM

Lee Scotts legacy will be that of one who betrayed his country by favouring third world labour, all for personal gain.

R E M E M B E R
J O N Q U I E R E
Q U E B E C
Home of Walmart Worker Abuse

R E M E M B E R
J A C K S O N V I L L E
T E X A S
Home of Walmart Worker Abuse

R E M E M B E R
G A T I N E A U
Q U E B E C
Home of Walmart Worker Abuse

Alex in Ontario, Canada
Sunday, April 26 at 08:56 PM

“ the implication is that we can’t have these long term employees, because it drives up our costs by 55% and reduces our profit by 12%.”

And, that IMPLICATION is based on your ‘negative spin’, that’s why you call it an IMPLICATION!!  If it were true, then why have we seen people post here, that have worked for Wal-Mart for 15 to 20 years, some making over $20.00/hr.?  How come they aren’t GONE?  And, with a turnover of over 50% each year, seems they wouldn’t have to worry too much about having too many LONG TERM employees and their higher wages can be offset by all the lower wage ‘new hires’!!

RDS in
Sunday, April 26 at 10:32 PM

“people”

“I see dead people.” --Haley Joel Osment, Cole Sear

“...why have we seen people post here, that have worked for Wal-Mart for 15 to 20 years, some making over $20.00/hr.? 

You’ve seen these “people” post here?  Do you know them personally? Care to be a little more specific, RDS?  Dates?  Names?  Do you believe everything you read on the internet?  How do you know they weren’t some of the Wal-Mart goons working the so-called “war room?”

ScrewedbyWalmart in Anytown, America
Sunday, April 26 at 11:21 PM

RDS-

How do you ‘positively spin’ this?

¶ Critics contend that the costliness of Wal-Mart’s healthcare coverage causes it to enroll fewer Associates in its health insurance plan than do most national employers (48 percent versus 68 percent) (Exhibit 4).
¶ We also have a significant number of Associates and their children who receive health insurance through public-assistance programs. Five percent of our Associates are on Medicaid compared to an average for national employers of 4 percent. Twenty-seven percent of Associates’ children are on such programs, compared to a national average of 22
percent (Exhibit 5). In total, 46 percent of Associates’ children are either on Medicaid or are uninsured.  On both of these issues – affordability and public assistance – it is important to note that our offering and performance are on par with other retailers; Wal-Mart’s critics, however, hold it to a “large company” standard, not a retailer standard.
Despite the difference in industry economics, critics believe we should behave more like a GM or a Microsoft than a Target or a Sears. While critics have not yet harnessed all of these facts, they are successfully exploiting those they do have, suggesting that, when discovered, the others will also become effective ammunition.

Wal-Mart start paying your way! in Baraboo, WI
Sunday, April 26 at 11:28 PM

The way I read that is:
They don’t know everything we are doing, however what they do know they are using effectively using them against us, but when they do find these things out it will only strengthen their argument.

Wal-Mart start paying your way! in Baraboo, WI
Sunday, April 26 at 11:31 PM

While critics have not yet harnessed all of these facts

The way I read it is the critics are TOO DUMB to understand that Walmart is NOT GM or Microsoft and retail like it’s competitors such as Target and Sears.  How many shelf stockers and cashiers at a retail store have the skills to design a car or program a computer?  If they did then they are working at the wrong place if they want to get head financially in life.

I would love to see the facts and figures comparing Walmart to Target, Sears, K-Mart… hell ANY other major retail store.  Do you hate Walmart because it’s the biggest or because they are so much worse than their competitors in the retail space?

mark in
Monday, April 27 at 09:42 AM

Wal-Mart start paying,

“How do you ‘positively spin’ this?”

Sounds to me, like she is pointing out the company’s shortfalls!!  But, you have to keep in mind, that NO other business has as many employees as Wal-Mart, so those comparisons may be skewed when stated as percentages!!  And, you need to remember, Wal-Mart has MORE ‘unskilled’ workers than any other company!!

“Despite the difference in industry economics, critics believe we should behave more like a GM”

You mean they should start behaving like a company that is on the verge of bankruptsy?  Doesn’t sound like a good plan to me!!  If you ran a business, that was a big success, would you want of ‘change’ and be more like a company that was failing?

“than a Target or a Sears”

But, those are their competitors!!  Why wouldn’t you want to deal in your own area of business?

The problem you and others seem to have, is that YOU look at it from an EMPLOYEE point of view, with the premise that employees are more important than the business itself!!  Management has to look at it from a business point of view, with customers first, (that’s where the income comes from), stockholders second, (they are the ones that put up the money to keep the business going), and employees third, (they are important, but can easily be replaced)!!  Whether you like to hear it or not, employees are NOT employees unless they have someone to employ them, without an employer, they are unemployed!!

Suggestion:  I think You, Ken V., Screwedby, Alex, SDV, Big D. and the UFCW, should ‘Pool’ your money and buy K-Mart from Sears and show everybody how YOU would run a retail business!!  You could become the CEO, as you sound like the ‘smartest’ of the group!!

RDS in
Monday, April 27 at 10:23 AM

“Suggestion:  I think You, Ken V., Screwedby, Alex, SDV, Big D. and the UFCW, should ‘Pool’ your money and buy K-Mart from Sears and show everybody how YOU would run a retail business!!  You could become the CEO, as you sound like the ‘smartest’ of the group!! “ RDS

Great idea.  If this group buys KMart from Sears… I am going to work for them.  I like the idea of getting over paid, free healthcare and not having to work hard for any of it. I will ride that train as long as they can afford to keep the doors open.

Big Tex in Rogers
Monday, April 27 at 10:58 AM

I think RDS and his merry band of followers like “bbrd,” Big Tex, “mark” should volunteer to be the first colonists on Mars.  They could set up their own government, invite Wal-Mart to open as many SuperCenters as it wanted to, and RDS could establish his ideal Libertarian-centric society, where nobody is responsible for anyone or anything but themselves.  He of course would be the 1st President.

ScrewedbyWalmart in Anytown, America
Monday, April 27 at 12:28 PM

“Libertarian-centric society, where nobody is responsible for anyone or anything but themselves.”
Screwed

Nice twist of words.  I cant speak for RDS but for me, as a libertarian, I believe that everyone should be held responsible for themselves.  As a Christian, I believe we should help those in need… But it is NOT the Governments role to enforce that.  For decades the government has proven incapable of handling a charitable role.  This is better left up to private organizations and Churches.

Big Tex in Rogers
Monday, April 27 at 12:45 PM

...‘Pool’ your money and buy K-Mart...

I’d rather stick needles in my eyes!

How about this, Big Tex? You and your right wing-nut buddies can ‘Pool’ your money and buy the American Red Cross. Then you can show us all how to run a charity.

Eight years ago you could have called it compassionate conservativism.

Bwha-ha-ha-ha!

The superior man understands what is right; the inferior man understands what will sell. ~ Confucius

Ken V in Texas
Monday, April 27 at 12:54 PM

“If they did then they are working at the wrong place if they want to get head financially in life.”

Freudian slip?

Wal-Mart start paying your way! in Baraboo, WI
Monday, April 27 at 03:48 PM

RDS-

“The problem you and others seem to have, is that YOU look at it from an EMPLOYEE point of view..”

Of course we do.  We are advocating for the EMPLOYEE.  We are fighting the EMPLOYEE cause. 

Mark-

“Do you hate Walmart because it’s the biggest or because they are so much worse than their competitors in the retail space?”

Both.  I for one will be the first to say when Walmart is taken down I will gladly move on to the second biggest violator of employee rights.  But since this is Walmartwatch I don’t focus on the other competitors.  If you start a Targetwatch, Shopkowatch, or Kmartwatch I am guessing you will see the same focus on those stores, with the exception of MATTin gresham.  On those sites he would post about how Costco is the biggest abuser of Chineese labor, all the while <b>NEVER POSTING ONE SUPPORTING FACT!<>

Wal-Mart start paying your way! in Baraboo, WI
Monday, April 27 at 03:55 PM

Wal-Mart start paying,

“Of course we do.  We are advocating for the EMPLOYEE.  We are fighting the EMPLOYEE cause.”

Even if it HURTS them in the long run!!

GM to shut down 16 more plants!!  Plans to eliminate Pontiac line!!  Also, the UAW is willing to cut workers wages and benefits, for a seat on the BOD and an equity stake in GM!!  Sounds like the union looks out for itself first and the members last!!

RDS in
Tuesday, April 28 at 12:43 AM

“As a Christian, I believe we should help those in need… But it is NOT the Governments role to enforce that.  For decades the government has proven incapable of handling a charitable role.  This is better left up to private organizations and Churches."~Big Tex in Rogers

So as “as a libertarian” and someone who believes that everyone should be held responsible for themselves, you certainly would not support tax exemption for your Churches Big Tex? After all wouldn’t that be kind of a welfare system (using a RDS term) for a special interest group? After all in your world shouldn’t Jesus ‘render to Ceaser what belongs to Ceaser’ just like what everyone else does too?

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Alex in Ontario, Canada
Tuesday, April 28 at 08:56 PM

RDS-

“Also, the UAW is willing to cut workers wages and benefits, for a seat on the BOD and an equity stake in GM!!  Sounds like the union looks out for itself first and the members last!!”

The last I checked the UAW couldn’t do any of those things without a majority vote from their members.  The UAW isn’t willing to cut workers wages and benefits, the MEMBERS are willing to reduce them.  It is give and take, in bad times like these the employees sometimes ‘give’ a little and in good times they ‘take’ a little.  It is called negotiating.

Wal-Mart start paying your way! in Baraboo, WI
Wednesday, April 29 at 02:55 PM

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