Wal-Mart Inducted in to the Corporate Hall of Shame

“Employees not sharing in the wealth”? Wal-Mart has a 3.4% profit margin. Are employees willing to accept a wage rate and then keep just 3.4%?

Yes, Wal-Mart had sales of $345 billion last year. Wal-Mart profited about $11.6 billion. Wal-Mart’s stockholders received about $3.8 billion in dividends in 2006. Assuming each of Wal-Mart’s 1.5 million US employees earned just $8,000 each in 2006, Wal-Mart still paid $12 billion in wages, $4.5 billion in benefits and billions in taxes. Wal-Mart’s employees earned-AT A MINIMUM-$12.7 Billion more than Wal-Mart’s stockholders. This means that Wal-Mart employees, every second of every minute of the year, earned more than $402 more than Wal-Mart shareholders in the same period.

It would seem that Wal-Mart’s employees do quite well. Their compensation is, at a minimum, 4.78% of sales, while stockholders earn 1.1% on sales.

Do Target’s employees share in the wealth? Do K-Mart employees share in the wealth? The “average” Costco employee earned $17 per hour last year (I question these numbers but let’s go along with them for now). Costco profited more than $1 billion last year. Did the employees share in this wealth? What percentage of sales if the proper percentage for sharing the wealth?

Who decides this? Doesn’t a company belong to its owners and not its employees?

Well Suprise!  Look who made the first post!

I think that’s my Keyboard Slobbermonitor that just went off!

Screwed

Nice rant-for a child. Now why don’t you address the issues? Well, you really can’t. Do you want to know why? You cannot logically address my points for the same reason that liberal talk radio failed: you can only rant from an emotional point of view for 5 minutes and then you are out of talking points. You have to have logic, reason, facts, statistics, substance, reality and truth. Emotional rants, wishful thinking, personal attacks-these are signs of a poorly developed mind and an immature individual. Very poor emotional intelligence.

Now will you address the TOPIC?

“Emotional rants, wishful thinking, personal attacks-these are signs of a poorly developed mind and an immature individual. Very poor emotional intelligence.”

Nick in

You just discribed former Walmart supporter Jim Bunch to a T Nick! Thanks.

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

Nick,

“Nice rant-for a child. Now why don’t you address the issues?”

You should know by now, that Screwedby doesn’t like to ‘debate’, he’s said as much in the past!!  Even Jake, noticed right off, that Screwed came off like an ‘attack dog’!!  As far as he is concerned, only anti-posters should be allowed on this site (he’s said that too), so he just is around to put down anybody who is posting Pro-Wal-Mart!!

It would seem that Wal-Mart’s employees do quite well.

Seem to whom? The nearly half of the 1.6 million employees that quit every year? Your percentages look splendid, Nick, but they don’t put food on the table or pay for a doctor.

Their compensation is, at a minimum, 4.78% of sales, while stockholders earn 1.1% on sales.

Which is why both groups are gunning for the Beast.

One the myths of classic porportions surrounding Wal-Mart is that they are efficient. Sure, Sam took a here-to-for sloppy enterprise (retailing) and tightened it up, but retailing itself is, by nature, an inefficient process. Think about the enormous amounts of capital and labor expended around the globe to produce a pitiful percentage of profit.

Efficient? Hardly!

Ken

Perhaps you can answer something for me. I will concede that Wal-Mart’s annual employee turnover approaches 50%. However, what percentage of these employees who leave have been with Wal-Mart less than a year? ALSO, Costco’s claim of 8% turnover applies only to employees who have been with Costco FOR MORE THAN ONE YEAR. If Wal-Mart’s turnover rate (50%) is made up mostly of employees with less than 1 year of service AND Costco’s turnover is much higher among employees with less than 1 year of service, wouldn’t their numbers be much closer?

I don’t expect to hear back on this. It blows the Costco-Wal-Mart comparison right out of the water. In fact, we should compare Apples to Apples: turnover rates at Sam’s vs. Costco in two categories. First, turnover among employees who have less than 1 year of service. Second, turnover among employees with more than 1 year of service.

If anyone has this data, please post it. Thanks.

If.....

There is a saying in Texas:

If the dog hadn’t stopped to pee, he would have caught the rabbit!

The ‘rabbit’ is long gone, Nick.

Grrrr...woof...woof...grrrr!

If I’m “the attack dog” here, what does that make you?  Since you won’t tell us...I just regard you as I always have...the MOTHER of ALL TROLLS!

And speaking of DOGS-- I see your little lap dog RDS is right behind you on cue, licking up your slobber and leaving a mess of his own behind.  Very predictable.  Very boring!

You almost got me to “bite,” (or is that “attack") when you left your Troll Bait behind: “ It would seem that Wal-Mart’s employees do quite well.” Grrrrrr!  Wooof!

Good Morning!

Seems you dudes are getting more predictable, every day.  Let’s be original, and talk-up the good points!

All this fighting will get your blood pressure up!  Got to learn to relax, a little...........

All I really want to know is, is the BBQ incident RDS mentioned “for real”, Screwed?

Also, who is this Jim Bunch cat?  RDS mentioned that my man SanDiego said he was an imbecile.........

Jake

Wal Mart turn over rate is a lot more then 50% example our new Store walk out of 155 first week was open the reason the cashiers were not trained were never sent to another store to work with real people that were checking out just turned at our store with manager checking out.

At the 9 month open we were at 65 % turn over at fourteen months they were 12 left from the original hire of 550we had reached 100% turn over,at a year some were transfers from other Stores some were fired because of drugs theft,but some were fired because of Management or quit.Two cart pushers walk out one day they were out getting carts an Ass.Manager came up and said both of you start together on the same side and gather them together instead of one on one side and one on the other, they ask or what differnce it made,she said due it my way are you are fired they said
fine and walk of the job.

Nick you keep saying about Wal-Marts 3.4% profit, my husbands business could not have made it on this low of a margin I do not think any business can but Wal-Mart so who takes the blund of this the associates with wages and benifits.

Guest in,

Your post is difficult to read.

Way to state the obvious, Big T

And we needed your post to point this out to us Big T?  How’s it feel to be living in the town that’s Ground Zero for Wal-Mart?

guest,

“Two cart pushers walk out one day they were out getting carts an Ass.Manager came up and said both of you start together on the same side and gather them together instead of one on one side and one on the other, they ask or what differnce it made,she said due it my way are you are fired they said fine and walk of the job.”

Gee, what a concept, having a boss tell you what to do and being expected to follow the bosses orders, what will they think of next?  Wow, and I thought that employees were supposed to do whatever they wanted to do!!  How cruel can Wal-Mart get, wanting employees to follow orders, shameful, just shameful!!  No wonder those 2 guys quit, after being so badly treated!!

The Most Important Lesson

“...an Ass.Manager came up and said...”

You overlooked something RDS.  The manager was an Ass.

“You overlooked something RDS.  The manager was an Ass.”~ScrewedbyWal-Mart

Back in the old country, we have a saying—takes one to know one!

Bill

Screwedby,

“You overlooked something RDS.  The manager was an Ass.”

Yes, she was an Ass. manager, and she told those 2 guys what to do with their asses, but instead, they moved their lazy asses off the property!!  Sounds like no big loss to the company!!  That is why Wal-Mart has such a high turnover, many of the people hired, aren’t worth having!!

guest

Did you say that no business could make it on a 3%-4% profit margin without abusing their employees? What about the beloved Costco? Doesn’t it have “average wages of $17 per hour” (LIES) and a profit margin of about 2%? Wal-Mart can make it on a 4% margin because they deal in VOLUME. Here is an example for you.

Company A sells 100,000 widgets per year at $50 per widget. It’s cost is $40 per widget. It has a 20% profit margin. (Sales: $5,000,000 - Costs: $4,000,000 = Profit: $1,000,000). Because widget production requires X amount of capital and X amount of people, there is a point at which the capital and labor required to produce more widgets becomes less and less. 100 people can make 100,000 widgets. Once at that point, however, production can increase by 50,000 widgets for every 10 new people hired.

Now, on to Company B. Company B sells 100,000,000 widgets per year at $30 per widget. It’s cost is $28 per widget. It can sell at $30 because it produces at $28. Of course, Company A made $10 per widget, or 20%. Company B, through efficient production and cost management, has been able to product widgets at $28, which is why they can sell at $30. True, this is only a $2 per widget profit (and a 6.67% margin) but you have to look at VOLUME. Company B sold $3,000,000,000 worth of widgets, on which it earned a profit of $200,000,000.

Even earning 80% less profit PER WIDGET, Company B still managed to earn $199,000,000 more than Company A in PROFIT.

Do you understand this now?

This Says a lot about Wal-Mart’s Human Resource Dept.

“That is why Wal-Mart has such a high turnover, many of the people hired, aren’t worth having!!"</strong>

Then you have to ask youself, what idiot did Wal-Mart employ to hire all these “lazy asses” in the first place?

Screwedby,

“Then you have to ask youself, what idiot did Wal-Mart employ to hire all these “lazy asses” in the first place?”

Two comments here:

1.) Can you tell a ‘lazy’ person by just looking at them?

2.) The EEOC says that you have to give people a chance to prove themselves or it is discrimination!!  Therefore, refusing to hire someone for a ‘non-skilled’ job could result in a lawsuit or maybe a “Class Action” lawsuit!!  Look at the 2 posts in another thread, that ask, “How come I wasn’t hired?”!!  It is only ‘natural’ that when the majority of the people applying for a job are not skilled, you are going to see a lot of people who are ‘low work ethic’ people, like those 2 guys who couldn’t follow orders!!  And, remember, they walked off the job, they weren’t fired!!

As to the two cart pushers ---(we will probably never know the entire truth) —however read on

A wise and prudent manager (or other person in charge)
(assuming the cart pushers were so intructed beforehand)
“Hey guys I would like you to both work the same side. However give me a reason why you should work separate sides?”
CP “We can keep both sides cleaned of carts and actually
doing both sides, we get the carts off the lot and out of the way of customers, better for customer, and we do a better job as we compete with each other”
Mgr “I don’t care, I am the boss do it my way!”
OR Mgr “Guys I really didn’t look at it that way, and maybe you have a point.  Do as you are doing and we’ll see how it works out today.”
OR Mgr “Guys, here’s the reason why I want you both on the same side.  I want one to lead the carts in and the other to push them, and that is because we don’t want an accident by hitting a customer, etc.  You guys know how everyone wants to sue us.  I appreciate the good job you both are doing, but would you do it the way I want.  However I will give it some thought as to working both sides.  Thanks guys and I will think about your way”

RDS, I hate to say this but your posting is not well thought out.  I personally know of cases where the Cart Pushers were doing a good job and arrogant, bossy management had to “yell” at them, and yes they walked off and quit.
In the cases of which I have knowledge, I agreed with them.

ONLY You Has This Ability, RDS

Predictable.  Another trip by RDS over his own words...and another post to back his head out of his butt!

“Can you tell a ‘lazy’ person by just looking at them?”

No..I can’t tell if someone is lazy by looking at them.  You’re the one who called them “lazy asses” RDS, without knowing all of the facts.  Did you ever personally supervise these two associates?

The Sage did a much better job of outlining how the discourse should have went, had there been an effective manager on the scene.

Or maybe the post by “guest in” was, at the least, distorted and without fact.  And maybe in fact there was an effective manager on the scene who did follow Sage’s outline and instead of constructive feedback from the employees they just did their own thing anyway, ignoring their manager. 

When confronted the employees yelled a few expletives at the manager and quit on the spot only to start looking for their 4th job in a month saying to themselves “I’m better that those managers and I’m going to prove it by finding my next job where I can tell them where to go”

The point is..... there are alot of stories that exist, but you better look at the motive behind the story because any story is just that… a story.

Nick
Take those widgets and stick them were the sun does not shine

Bob
you right I was an Ass. Manager, I was not fired I quit because I did not like the way they talk to other humans
begins and so did 3 others

I am sorry that most of you feel that Wal Mart employees do not deserve any respect I know this story is true because I was coming back from lunch with the Ass. Manager that did
it, when the cart pushers ask she would give no explanation just do or your fired. Where I live there are many jobs out there for the minimum wage or above so these cart pushers just went across the street and got a job at Mcdonalds and by the way these boys were High School students

i have stayed away for a while thinking that you would like to hear the real story from the inside,but I guess I was wrong

I’ve encouraged anyone that thinks all Wal-Mart associates are happy to visit message boards/blogs where they post, but that doesn’t go over very well, guest.

The explanation from the pro Wal-Mart bunch is that only disgruntled employees use the internet which makes as much sense as most of their arguments.

I’m glad you posted, guest, and i had no problem understanding you.

Here’s one that Bentonville hasn’t acquired yet: link

Screwedby,

“You’re the one who called them “lazy asses” RDS, without knowing all of the facts.”

If you would have noticed, I was responding ‘tongue in cheek’ to a post calling the manager “the ASS. manager’, you know what ‘tongue in cheek’ is, don’t you?

“The Sage did a much better job of outlining how the discourse should have went, had there been an effective manager on the scene.”

You are right, Sage did do a good job of posting optional senerios, but, as he said, “---(we will probably never know the entire truth)”, and unless YOU know exactly what happened, all I can do is go by the fact that the 2 cart pushers, walked off the job, for being told what to do by management!!

Tell Us RDS!

“you know what ‘tongue in cheek’ is, don’t you?” ~RDS

Ummm.... does it have something to do with your head and Nick’s butt?

“How’s it feel to be living in the town that’s Ground Zero for Wal-Mart? “

ScrewedbyWal-Mart in Anytown, America
Friday, June 29 at 05:58 PM

Rogers and Bentonville are both great places to live.  Wal-Mart has helped this area grow so much over the years and it is still growing.  I cant see myself moving away from this area.

Big T,

I couldn’t agree with you more!!  I live in Springdale, but used to work at Superior Ind. in Rogers and I can say, that Wal-Mart has not stiffeled small business at all, there are new businesses going up all over the place, in Bentonville, Rogers, Lowell, Springdale, Tontitown and Fayetteville!!  Guess you have to live in the area to appreciate it!!

I see some kind of analogy here...

The Pimps = All the vendors/sellers setting up shop near Wal-Mart’s HQ

The Whores = All the products the pimps sell, or companies the vendors represent (who can sell themselves, or if you prefer, whore themselves at the lowest price?)

The 8,000 pound John with the insatiable appetite = Wal-Mart.

Yea, you’re right RDS...there are all sorts of businesses sprouting up in Bentonville… McDonalds, Burger King, Taco Bell…

Consider this:
“The process of selling to the behemoth of Bentonville starts well before you push open the doors of its Arkansas headquarters. But it’s within the fortress itself that the dream (or nightmare) of working with Wal-Mart really begins.”

“The infamously tough buyers at Wal-Mart, he says, “play for keeps. If you’re a small vendor, and you fail them once, they’ll never forget. You’re on their shitlist for life.”

“In an attempt to understand the culture and the process, (of selling to Wal-Mart) we spoke with numerous vendors, brokers, and Wal-Mart executives. Many of the brokers and vendors, fearing that anything they said might damage their relationships with Wal-Mart, refused to be quoted unless their names were withheld.”

Source:  http://www.inc.com/magazine/20031101/walmart.html

Yeah...Bentonville sounds like a wonderful place to grow your business!

Screwedby,

“Yea, you’re right RDS...there are all sorts of businesses sprouting up in Bentonville… McDonalds, Burger King, Taco Bell…”

If you were ever here, you must have seen only what you wanted to see, because, while these businesses are expanding in the area, so are many other businesses that have nothing to do with fast food!!  I guess it’s easy to NOT see things, when you are making an Anti-Wal-Mart film!!

“If you’re a small vendor, and you fail them once, they’ll never forget. You’re on their shitlist for life.”

I guess that would insure that they don’t screw up - who benefits?? consumers.

“The infamously tough buyers at Wal-Mart, he says, “play for keeps. If you’re a small vendor, and you fail them once, they’ll never forget. You’re on their shitlist for life.”

Sounds kind of like what Nick posted about how Costco treats it’s vendors!!

Talk about a corporate Axis of Evil:

Exxon, Halliburton and Wal-Mart!

Congressional investigators estimate that each Wal-Mart store receives nearly half a million dollars a year in government subsidies.

That’s part of the “hidden costs” of Wal-Mart that so many refuse to acknowledge.

...documented abuses that harm people and the environment, political influence and interference, and public deception.

Hey, Edelman, “public deception” is your area of expertise*. Apparently your War Room gnomes aren’t very good at it.  Maybe if Wal-Mart paid you more?

*I use the term loosely.

All in all, the retailer’s (Wal-Mart) pretax return on fixed assets, which includes things such as computers and trucks as well as stores, has plunged 40% since 2000.

Atta’ boy, Lee!

http://3adc924e9bd8235a8bcb389f44502c90-t.fyneuo.org 3adc924e9bd8235a8bcb389f44502c90 http://3adc924e9bd8235a8bcb389f44502c90-b1.fyneuo.org 3adc924e9bd8235a8bcb389f44502c90 http://3adc924e9bd8235a8bcb389f44502c90-b3.fyneuo.org bc7f62bdb79a44270357aea08a06217e