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Friday, November 23, 2012

What Wamart Is All About

Posted by on Fri, Nov 23, 2012 at 9:24 AM

Go to Payscale. Look at the graph. It comes down to this: The annual cash compensation for Walmart's CEO is $16,270,000; the average annual pay for its employees is $22,000. This is just obscene and nothing more.


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Cato the Younger Younger 1
Americans know this and still...Walmart is having one of the biggest Black Friday's in their history.
Posted by Cato the Younger Younger on November 23, 2012 at 10:33 AM · Report this
@1 if that is surprising at all, you need some basic capitalism 101. Of course the most successful example of capitalism is going to have its biggest year ever, just like it did every other year, because they are still exhausting their market by building new stores. Things will get really interesting when they run out of easy ways to up their numbers (aka building more stores, even internationally) and come up with more creative ways to pay dividends to shareholders.

But what I really came to say is that you have to accept being the CEO of one of the largest companies in the world is a little different than make sure the paper towels are in stock and facing the right way. 16.25 million dollars different? Probably not, but definitely different.

I think at the end of the day nobody is pissed about the spread, they are pissed about how low the average number is. Walmart could pay its CEO 50 mil a year and nobody would bat an eye if their average worker pay was, say, 50k a year.

So what's the real problem here? Minimum wage isn't enough enough? Unions have been gutted and they can't do anything about their low pays (hell, they can't even form)? I'm not really sure.
Posted by Swearengen on November 23, 2012 at 11:20 AM · Report this
Cato the Younger Younger 3
@2, I never once said I was surprised by this.

You should take some 1st grade reading comprehension.
Posted by Cato the Younger Younger on November 23, 2012 at 2:35 PM · Report this
Look that that payscale again Charles- that's not the average annual pay, it's the median.

Makes it worse, doesn't it?
Posted by alguna_rubia on November 23, 2012 at 11:05 PM · Report this

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