Walmart CEO's Outrageous Retirement Plan

Yes that is part of it's success, it puts stores where people need them and offers high value for their dollar. And they promote economic development, just look around almost every Wal-Mart and you see other businesses and restaurants popping up.

Yep it's the business of no one but the stockholders, the owners. And they should pay their employees what the job is worth. NO company has an obligation to lay workers more than the job is worth, that is not sound business nor is it complying with the judiciary responsibility to the owners/stockholders.

Almost to a tee the successful people whom I have known in my life and whom I learned from to gained my success never thought of it as the company they worked for just "owed" them a certain salary, they knew they create they own worth and EARNED it by making themselves more valuable to the company. I never got a college degree, neither did my father. I learned from and followed him into industrial sales. Commissioned sales. I make myself valuable to my employers and am revenue to them. But it has risk, it take initiative, I run my own territory as I see and develop my own business which is with the largest manufacturers including the auto industry. I make my bosses money they pay me well and keep me on, I don't I'm gone.

So if you want a safe 8-5 job doing routine minimal skill work don't complain about people who want more and go for and especially those who excel to the top without who you would have no job.

What is greed? Who much does a company have to make in profit before you refuse to invest in them and do you make sure your retirement funds are in companies who don't make too much money?

 

It's the new American way...victimhood.

 

It can't because the government is injecting 85 billion a month into the economy. FYI: that doesn't go to the lowly worker, so there is no way wages can compete with inflation.

 

Yes it is a MUCH more competitive world out there both for the companies and the hiring of the talent necessary to run them. In the 50's the US had it almost to themselves as the rest of the world had almost destroyed itself in WW2. As they rebuilt they became more competitive making it harder to compete and opening more doors to the people with the talent and skills to run such corporations.

 

He ensures the success of the company and the job and the opportunity to move from working a cash register to become a manager while continuing my education so that someday I could start a company and build it into a Wal-Mart or be hired to run a company the size of Wal-mart and make my own 113 million. So I wouldn't waste my time being envious and complaining about what the owners believed was in the best interest of the company, especially since they are giving me shares towards my retirement and I want them to grow along with the ones I am investing in myself.

 

I was once in our local night court with my daughter over a traffic ticket, which by the way every parent should take their new teens down to the local night court to see what happens to people who get in trouble and are just general screwups. Anyway I digress. Saw a teen age boy get called up to the judge, apparently a followup to his pleading guilty to a drug charge. The judge asked him if he had complied with his instructions which including getting back into school and getting a job. He said he had the judge told him to come back in I think it was 6 months to tell him how he is doing and congratulated him. I few days later I noticed him in Wal-Mart stocking shelves and just noted in my mind good for him. I kept seeing him through the next following year, soon leading other shelve stockers, then managing areas of the store and working his way up till I imagine he graduated and move on to bigger and better things.

That is why having Wal-Mart and other such employers is a good thing. They DO give people opportunities they might not have had. An at home mother whose kids start school, well she can get a job during school hours to bring some income into the home, take off during summer and go back. A person trying to get a GED but needs a job. Even people who just need a break in life and a job to get started.

 

Why? His pay is dependent on how he preforms for the owners, the stockholders and how well he protects their investment and provides them a return that keeps them invested in the company.

What should the limit be for a CEO of a billion dollar company responsible for BILLIONS in assets and the future of the company makes over a high school dropout shelf stocker?

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I'm sure he has better and as a stockholder I certainly hope he does.

 

So ....welfare is paying too much? We need to ratchet it down?

 

I look at it this way, if they don't like the pay they can quit and find something else. No one is forcing them to work there.

 

Our government for years has wanted to bring America down to the level of other countries in the world, wanting to make us like a 3rd world country. Well you people got your wish, now you're whining about it.

 

Well, personally, I think that anyone working a 40 hour workweek should at least be paid enough to provide the basics. By basics, I mean food, shelter, healthcare, and basic transportation. It doesn't have to be lavish, but I would not make as bad as third-world standards either. I don't support the lowest of jobs to pay enough to by fun stuff, but they should at least make enough to survive.

Otherwise, we are telling those people that we do not think they deserve to live. If that is the case, then why allow them to suffer? If we are going to treat human beings as parasites or wild animals, then we need to have the decency to put them down.

 

in a perfect world that would probably happen, yet we dont live in a perfect world.The problem is not what people are getting paid, its what everything costs, and the costs are based on an average of what people make and then inflated. and once you raise the minimum wage the costs of these goods will also rise and even rent will rise.

If i had my way many of the vehicles built today wouldnt sell over $10k because thats truly about all they are worth when it comes down to it, BUT we simply cant tell people what they can or cant sell something for. you are going to have poor,middle class and rich all over since its not a perfect world. it sucks but thats just reality. But on the same note its your own fault if you quit your job and dont at least keep a paycheck coming in. It may not be much but *******n it's better than getting nothing and not being able to buy anything.

Another thing that hurts is our welfare system, or as i like to call it the "reward for doing nothing" system. If we had more money to give to working people who are truly having a hard time things would be better for those low wage workers. we need to out right stop giving money and aid to able bodied people who choose not to get a job.

 

Good use of the F-word!!!

 

Workers and I care. Going from 20/1 to 204/1 sucks. That is why the middle/lower incomes are struggling.

 

what even happened to obummer and the bashing CEOs BS?

 

Yes, I do.

 

The problem is they're actually being paid less in today's dollar than the minimum wage was 40 years ago. This is why we need to raise the minimum wage, companies like Walmart certainly won't raise wages on their own. They won't even pay their taxes.

 

I can certainly agree to raise minimum wage and index it to inflation. Sounds like a good idea.

 

He should make no more then 20% above the lowest paid employee. He should be happy to have a job.

 

You mean like Warren Buffett???

 

From each according to his ability, to each according to his need.

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From each according to his ability, to each according to his need

 

How about Obama making only 20% more than lowest person in the military? Congress too.

 

Well, isn't that special. Take it away from the workers and make a big show of giving to others.

 

Sounds good to me.

 

Well, when you become chairman of the board OR own majority share of a corporation, then you can make the rules. Otherwise, stop being jealous. There are many people who would be willing to work at jobs that walmart and those that run walmart provide. Hell, in this economy, there are many millions of people across the world that would love to work at walmart.