Wal-Mart awards $2 billion to U.S. hourly employees

2009-03-19 20:22:12

#1

Macbeth: Banned; +2,444|5584

http://abcnews.go.com/Business/Story?id … amp;page=2

Yahoo wrote:
Wal-Mart Stores Inc is awarding approximately $2 billion to its U.S. hourly employees through financial incentives, including handing out $933.6 million in bonuses on Thursday, after the world's largest retailer gained market share amid a recession.

In a memo to Wal-Mart employees obtained by Reuters, Wal-Mart CEO Mike Duke said the retailer is awarding roughly $2 billion to U.S. hourly employees, which includes $933.6 million in bonuses, $788.8 million in profit sharing and 401(k) contributions, millions of dollars in merchandise discounts, and contributions to its employee stock purchase plan.

Wal-Mart shares declined 0.7 percent to $50.07 around midday on the New York Stock Exchange.

Aw how nice of Wal-Mart.
Thoughts?

2009-03-19 20:23:00

#2

usmarine: Banned; +2,785|6760

thats about 1K per person right? (maths)

well, good idea imo.

2009-03-19 20:29:25

#3

jsnipy: ...; +3,276|6521|...

sure why not, they earned it

2009-03-19 20:30:53

#4

TheDonkey: Eat my bearrrrrrrrrrr, Tonighttt; +163|5716|Vancouver, BC, Canada

Yahoo wrote:
which includes $933.6 million in bonuses, $788.8 million in profit sharing and 401(k) contributions, millions of dollars in merchandise discounts, and contributions to its employee stock purchase plan.

So you may be getting 1K, but it seems a decent bit of that is in "Merchandise discounts"

2009-03-19 20:31:35

#5

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6152|what

Macbeth wrote:
Wal-Mart shares declined 0.7 percent to $50.07 around midday on the New York Stock Exchange.

I'm not surprised. Throw $2billion away in profits and that's what happens. lol

2009-03-19 20:33:09

#6

Pochsy: Artifice of Eternity; +702|5542|Toronto

The employees will shop at Wal-mart anyway. They've thrown away hardly anything.

The shape of an eye in front of the ocean, digging for stones and throwing them against its window pane. Take it down dreamer, take it down deep. - Other Families

2009-03-19 20:33:17

#7

Macbeth: Banned; +2,444|5584

AussieReaper wrote:
Macbeth wrote:
Wal-Mart shares declined 0.7 percent to $50.07 around midday on the New York Stock Exchange.
I'm not surprised. Throw $2billion away in profits and that's what happens. lol

Seems like investors like Evil Wal-Mart better then in a good mood Wal-Mart.

2009-03-19 20:35:03

#8

Kmar: Truth is my Bitch; +5,695|6600|132 and Bush

God Bless the Wal

Xbone Stormsurgezz

2009-03-19 20:36:28

#9

ATG: Banned; +5,233|6528|Global Command

Ya, reward the drones that facilitate the death of small businesses across America by a shitty corporation that sells chiefly chinese made garbage.

2009-03-19 20:37:10

#10

Flecco: iPod is broken.; +1,048|6664|NT, like Mick Dundee

Wow.

Guess that board of directors and CEO will remain popular.

Whoa... Can't believe these forums are still kicking.

2009-03-19 20:38:01

#11

usmarine: Banned; +2,785|6760

ATG wrote:
Ya, reward the drones that facilitate the death of small businesses across America by a shitty corporation that sells chiefly chinese made garbage.

and small business sells only american products? lulz

2009-03-19 20:38:58

#12

Reciprocity: Member; +721|6580|the dank(super) side of Oregon

Pochsy wrote:
The employees will shop at Wal-mart anyway. They've thrown away hardly anything.

pretty much. they may as well have handed out wallyworld bucks. when you work at walmart, you shop at walmart.

2009-03-19 20:41:57

#13

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6152|what

ATG wrote:
Ya, reward the drones that facilitate the death of small businesses across America by a shitty corporation that sells chiefly chinese made garbage.

Aren't you going off at the big guys in 2 other threads atm?

Now the "drones" are the problem?

2009-03-19 20:43:15

#14

usmarine: Banned; +2,785|6760

AussieReaper wrote:
ATG wrote:
Ya, reward the drones that facilitate the death of small businesses across America by a shitty corporation that sells chiefly chinese made garbage.
Aren't you going off at the big guys in 2 other threads atm?

Now the "drones" are the problem?

he doesnt know. pot has taken his head right now.

2009-03-19 20:48:36

#15

ATG: Banned; +5,233|6528|Global Command

AussieReaper wrote:
ATG wrote:
Ya, reward the drones that facilitate the death of small businesses across America by a shitty corporation that sells chiefly chinese made garbage.
Aren't you going off at the big guys in 2 other threads atm?

Now the "drones" are the problem?

Yes, yes they are. A problem.

There will come a day when said drones look back and say, ' wow, we shouldn't have voted these assholes into power or backed the corporations that now fund private armies. '

They don't see it now because it is a complex and creeping destruction.

Bunch of stupid lazy sheep don't understand what they do.

2009-03-19 20:50:36

#16

Kmar: Truth is my Bitch; +5,695|6600|132 and Bush

Shutem down.. this economy doesn't need low cost now. Success must be punished.

Small business.

Xbone Stormsurgezz

2009-03-19 20:51:48

#17

Kmar: Truth is my Bitch; +5,695|6600|132 and Bush

ATG wrote:
Bunch of stupid lazy sheep don't understand what they do.

Sure they do.. it's called providing for their family.

Xbone Stormsurgezz

2009-03-19 20:54:53

#18

ATG: Banned; +5,233|6528|Global Command

Kmarion wrote:
ATG wrote:
Bunch of stupid lazy sheep don't understand what they do.
Sure they do.. it's called providing for their family.

Does one feed his family if it means the whole village starves?

2009-03-19 20:56:23

#19

Reciprocity: Member; +721|6580|the dank(super) side of Oregon

ATG wrote:
Kmarion wrote:
ATG wrote:
Bunch of stupid lazy sheep don't understand what they do.
Sure they do.. it's called providing for their family.
Does one feed his family if it means the whole village starves?

american self-reliance. the alternative is touchy-feely bright eyed socialism.

Last edited by Reciprocity (2009-03-19 20:59:00)

2009-03-19 20:59:41

#20

Kmar: Truth is my Bitch; +5,695|6600|132 and Bush

ATG wrote:
Kmarion wrote:
ATG wrote:
Bunch of stupid lazy sheep don't understand what they do.
Sure they do.. it's called providing for their family.
Does one feed his family if it means the whole village starves?

It's actually quite the opposite (on the average).

http://www.tvhe.co.nz/2008/07/21/how-co … -business/

1. Small businesses may provide services/products that complement Wal-Mart,
2. A Wal-Mart provides goods at a lower cost than previously - implying that labour productivity would be higher (as the value-added per employee is higher). This should lead to an increase in economic activity and incomes - which would feed into other industries in the region.

However, this data suggests those people who say that they don’t like Wal-Mart and the Warehouse because it destroys small communities will need to do a bit better then saying it drives small businesses out!

The stats: http://www.cato.org/pubs/regulation/reg … 31n1-1.pdf

tldr: Our research suggests that the popular belief that Wal-Mart has
a significant negative effect on the size of the mom-and-pop business
sector of the United States economy is statistically unfounded.
After examining a plethora of different measures of small
business activity and growth, examining both time series and
cross-section data, and employing different geographic levels of
data and different econometric techniques, it can be firmly concluded
that Wal-Mart has had no significant impact on the
overall size and growth of U.S. small business activity.

Xbone Stormsurgezz

2009-03-19 21:10:44

#21

ATG: Banned; +5,233|6528|Global Command

Ask the clothing store next to a Walmart. Ask the hardware store owners. Ask the shoe shop, the auto parts store, the tire shop.

Mega store kills small business.

Its as obvious as the fact tha usmarines posts counts means he's a troll ffs.

2009-03-19 21:16:02

#22

Catbox: forgiveness; +505|6715

I'm betting that Obama will get to this topic also... He will decide which store we get to shop at...
Competition and people getting wealthy..must be stopped!

Love is the answer

2009-03-19 21:16:22

#23

Kmar: Truth is my Bitch; +5,695|6600|132 and Bush

ATG wrote:
Ask the clothing store next to a Walmart. Ask the hardware store owners. Ask the shoe shop, the auto parts store, the tire shop.

Mega store kills small business.

Its as obvious as the fact tha usmarines posts counts means he's a troll ffs.

Do you know what happens to the commercial property around the areas that are having Walmarts built near them?

Has box stores hurt small business?.. yes. Has it also drastically increased commerce in the surrounding areas? .. absolutely.

Xbone Stormsurgezz

2009-03-19 21:16:31

#24

usmarine: Banned; +2,785|6760

ask me if i give a fuck about the clothing store next to wal-mart?

2009-03-19 21:18:57

#25

Dauntless: Admin; +2,249|6741|London

Do you give a fuck about the clothing store next to wal-mart?

BF2S Forums Wal-Mart awards $2 billion to U.S. hourly employees

Yahoo wrote:

Yahoo wrote:

Macbeth wrote:

AussieReaper wrote:

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Pochsy wrote:

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Kmarion wrote:

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