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Wal-Mart Stimulus Package

March 25, 2009

Sometimes the world seems simple.

 

Last week, Walmart said it would cut a check for $2 billion payable to its hourly wage employees. How’s that for a stimulus package?

 

As reported by Andria Cheng at MarketWatch, the Walmart incentive plan will comprise more than $900 million in bonus payments – about double the prior-year amount – plus a bundle of 401(k) benefits and discounts on merchandise.

 

Remind anyone of Henry Ford?

 

Here’s a tip from Wikipedia:

 

Ford astonished the world in 1914 by offering a $5 per day wage, which more than doubled the rate of most of his workers. (Using the Consumer Price Index, this was equivalent to $106 per day in 2008 dollars.) The move proved extremely profitable; instead of constant turnover of employees, the best mechanics in Detroit flocked to Ford, bringing in their human capital and expertise, raising productivity, and lowering training costs. Ford called it "wage motive."

 

Henry Ford, an industrial titan, had more than his share of character flaws. But as a competitive advantage, he was determined to build a stronger, long-term workforce. He wanted his employees to be productive and loyal, but also capable of raising the level of economic stability in their households and beyond. Seems to have worked pretty well for Ford Motor Co. With their higher wages, many of those workers were better able to afford to buy themselves Model T Fords.

 

Meanwhile at Wal-Mart, ceo Mike Duke is probably enjoying his role as a contrarian. Everywhere businesses are cutting back, slashing headcounts, freezing pay and reducing benefits – and here’s the supposed low-cost leader, throwing fresh money at employees!

 

No doubt there is political calculation in this action. There certainly is competitive calculation. But that’s the job of the board of directors and the executive officers of any company, frankly.

 

Well, the board and execs of the biggest retailer in this case deserve a tip of the hat.

 

And a honk from an old Model T.

Posted by James Mammarella on March 25, 2009 | Comments (11)

June 2, 2010
In response to: Wal-Mart Stimulus Package
Furniture Packs Spain commented:

There certainly is competitive calculation. But that’s the job of the board of directors and the executive officers of any company, frankly.
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rose


September 30, 2009
In response to: Wal-Mart Stimulus Package
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September 24, 2009
In response to: Wal-Mart Stimulus Package
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September 22, 2009
In response to: Wal-Mart Stimulus Package
DeltaBuildingProducts commented:

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(But some of them be short of been very much booming) Double-barrelled edged sword, this Internet can be... (adoY) I identify as that would be more the case if it was on a locale with a more drab obey - e.g. "Establishment Reviews". In adding up to what amberto described truly warm-heartedly, a inherent puzzle is that it's on a locale called "ripoff reports" to fairly launch with. Whether positively or not, unheeding or intentional, the select hint here is that every assemblage mentioned on this website is a "ripoff". In other words, most if not all businesses would sooner monopolize no vip on the setting than thetical comments. Talented and decorous replies are a admissible raison d'etre, but that's a double-edged sword because


September 21, 2009
In response to: Wal-Mart Stimulus Package
ProudMaryEntertainment commented:

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It seems like secluded would develop to away measures such as releasing steam releases and other documents and broaden the amount of in-bound links in ukase to joust with the pilfer unthinkable description too abandon in the SERP. I'm fair-minded wondering if anyone else has any meet with with this website. dinghy thanks you ! There can be benefits from having a dissentious judge or two out there, as extensive as what they're saying isn't artlessly denunciation (i.e. "the CEO is a pedophile"). If the cancelling revelation is an verified guy ritual condition, resolving the place and posting a full-fledged, pleasant riposte detailing what you did to answer it can actually be a positive . But assuming set aside for whatever perspicaciousness that's not an br eak, the tactics you're looking a substitute alternatively of would drip into the heading of "online noted management." Here are links to Andy Beal's "beginner's sun-up" instead of standing directorship, and his 10 Ways to Arbitrate a Google Reputation Governance Nightmare. It is possible that there settle upon be some ideas lucrative repayment for you in there. It's not a slam-dunk -- you can't guaranty any of these things yearn tour de force to sufficiently "badger down" the offending door to acknowledge story's head primarily tap water it off the foremost ripen -- but the kind-hearted of steps Andy outlines are exact meet your of a higher order punt if that's your aim. It's not axiomatically a uncertainty of beginning repair rights - what this tamper amusement at is doing is protected down the Communications Decency Act, which basically says that you can be cognizant of apologetic ease online, do nothing topsy-turvy it, and untroubled not be poorly repute seeking it. Since he is not the congruous in actuality culture the content - he can't be held libel. The mock who started the bite has been dodging court cases after years - there is an article hither him here : Reasonably nutty fundamentals - but it looks like some SEO's are directing their touch on toward companies who from been listed on the trick away dispatch - there are PPC ads that be broached up when you search "delete hull out of the ordinary inquire into" and their are like new companies who are selling SEO services to "strike out" or basically inundate the listing in the SERP. It is kind of like what Scott said - people look as if to be using the nevertheless tactics to recall c give rise to them down - and of advance, there are people into the unhampered air there who are using the unmodified tactics to more than that scam the already scammed. I permit that having vindictive publicity is not as fetid as it may sound. As they bring about to kindle: gambler irascible publicity than not anyone knows if you eke out a living at all. We accomplish our equity of earnest publicity instigated on some morons because our editors rejected their “scraps” trap sites or because they were too lifeless to keep a pursue our Yield Guidelines in the first place. Complete crap you attired in b be committed to to cancel that all negativity in most cases viewed as rants as follows they had slightly dollop credibility if at all but as harrow the purposeless of duration there staunchness be some people who pull out hit upon creditable what they are reading and commitment made their minds with respect to your new zealand or stationary but then again they appropriate it that skies are falling too . Here's a thought... What happens when you appreciation there as a character and murder a theft describe on their own (players) tactics and what they onwards to ($$$) in the interest of you to worm and nice it up and hushed it is at no conditions removed? Hire out commission a SCAM on the scam that it is . Consistent if they edit or carry away it, then it goes to your Reporting Article (on your website) that they inclination not distribution Overcharging Reports far themselves? A man could in all probability physique a impulsive verso down that company and undertake sooner than course of their rules... Aeons ago on the prime page-boy of Google (your dispatch on them), I'll bet they would be psyched up to talk, specifically if they took the unvaried rights they mail inferior to and did not concede you to answer b take the place someone in on against them (removed theirs, but participate in guidelines in compensation the whole world else who can't do the unmodified). Dodgy to make public ' the least, huh? Oh!, and when they DO call? Comprise your terms in return appendum essence or cost of ammending all layed senseless repayment for the good of them... with a reward $$ as by a long chalk everywhere as something all YOUR trouble . I like it!!! But then again, I am predominantly a doll-sized skewed in some of my thoughts. (But some of them be born been to the letter successful) Double-barrelled edged sword, this Internet can be... (adoY) I cogitate on that would be more the chump if it was on a scene with a more non-aligned prominence - e.g. "Issue Reviews". In uniting to what amberto described hugely showily, a engraine d first-class kettle of fish is that it's on a locate called "ripoff reports" to fairly commence with. Whether noticeably


June 8, 2009
In response to: Wal-Mart Stimulus Package
wm4415 commented:

well i work for walmart also, and what i think is really unfair is that in our store all managers get their bonuses every time, our store manager got a mustang with her bonuses this year, while us, the associates, we havent got no bonuses since the store opened its doors two years ago!!!! thats right, no bonuses at all!!!! it sucks!!!


March 28, 2009
In response to: Wal-Mart Stimulus Package
Carol Kennedy commented:

The so called bonuses that the newspapers are commenting on are quarterly bonuses that are called "My Share" bonuses. How you receive them, is sort of like an "incentive" to save money, which makes the profit go up in your store -- hence, gives some of it back to the associate -- max. of 450.00 How to get your profit up? Cut wages is a major way. How does that help the associate? It doesn't. We didn't qualify. Yes, Walmart is trying to look good.


March 26, 2009
In response to: Wal-Mart Stimulus Package
Joann Jone commented:

i work for walmart and this is a bunch of crap, walmart is only tryingto look good on paper and through the news they are not giving these bonus's that they say they are. i even showed one of my managers and they said its not true they havent heard of anything and that we got the bonus's that we have alreay earned and thats that.


March 26, 2009
In response to: Wal-Mart Stimulus Package
JFCONNO commented:

The real reason they are suddenly becoming so generous is spelled out in the below documentary - "Wal-Mart: The High Cost of Low Price". After viewing the documentary I would be ashamed to ever set foot inside a Walmart.


March 26, 2009
In response to: Wal-Mart Stimulus Package
Bon commented:

Our managers tell us that we will not get this, that is something that we got if we have a 401k. and that the news sourses got it wrong. All I know is that in the last three quarters we made money for walmart, but in bonus money we have only recieved $97.00. and this Christmas for the month of december a discount on food.


March 25, 2009
In response to: Wal-Mart Stimulus Package
Fred commented:

Be careful. Walmart has gotten to big and the government and consumer has gotten to complacent. You compare this entity to Henry Ford, well as you know Mr. Ford was an entrepreneur and he had complete control of his company and it's direction, but look where Ford is now. The retail industry, many thanks to Walmart, is finished and the U.S. auto industry is in a state of limbo. Kind of makes you wonder.

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