Skip to comments.Walmart vs. The Morons.
Posted on 12/13/2013 12:05:01 PM PST by cambyses
Read and learn. There are people that know how to get things done even within increasing government regulations. Our government on the other hand continues to take on more and more of what has traditionally been provided by private enterprise only to add to their dismal array of failures. Real private enterprise without favorable government legislation does more with less, is successful and pays taxes to support our bloated government. Our government consistently does less with more, fails miserably at EVERYTHING within its control, expects fewer of us to work harder so they can collect more taxes from each of us to fail ever more colosally at things that are none of their business. With all their lies, side deals and thefts our politicians still expect our respect and trust. This is insane. If Private enterprise pulled just 1% of the crap our government and individual politicians routinely engage in, national security aside, they'd all be in jail. If this great country of equality is to survive EVERYONE must be judged equally by the same laws. No special treatment for the government or our politicians. This pack of thieves has got to go. Merry Christmas (not that pc "happy holidays" crap),
*** 90% of all Americans live within fifteen miles of a Wal-Mart.***
If they don’t, they probably live in one of Michelle O’s food deserts.
We had a local woman who started as a cashier in Walmart # 4. She worked there till retired. She retired a millionaire because she invested in the early stock options.
I’ve known old men who curse the day they turned down a chance to invest in Sam’s first stores as they felt his stores had no future.
Yes, the Walton family is EXTREMELY wealthy and don't work in the business. They are wealthy because of what Sam did YEARS ago. The work and investment and sacrifice that Sam put in for many years of his life. He passed the benefits on to his kids. Today, the Walton family lives off the dividends. They get the same dividends as the woman you mentioned. Last year was 3.25%. The same amount that any current employee can be getting.
At current stock prices, $79, an employee could have $20 a week taken out of their check. That would be 1 share every month. After 1 year, that would be 12 shares. If a kid started at 18 and worked 42 years, that could be 504 shares. Just at current prices, that would be $39,816. That's without compounding. That's without increasing investment. That's without stock splits or changes in price.
3.25% dividends is better than any bank pays and better than inflation (for now).
In 1977 I had a choice to go to college, which I did (first one in family so I had to) OR a regional manager near Ft. Smith, AR that lived in our little town said I could enter their management program.
Huh? Safeway, Kroger, Target, Publix, and so on, are too small and poor to manage through additional government regulation? Yeah, sure. Talk about being off-track.
Good grief, what a mess we're in when "conservatives" attack industry rather than the source of the perceived problem.
Then the person could take that 39k and by most of an SUV. Not much of a retirement plan :)
Anyone with machining or other manufacturing skills and old machines could compete, if we were rid of local zoning laws against manufacturing on large lots in rural areas. Walmart would even be willing to buy some of the products if competitively priced (certainly possible). A one-man operation can turn out a lot of parts fast on older equipment.
It’s the regulations, and commie global interests brought the local anti-competition laws and policies through their fake environmentalist/animal-worshipper associates in many locales.
yep the race card, the wal-mart card . . . they will never run out of cards.
Today its $78.50
$78.50 ÷ 0.03 = 2616.66666667
$39,816 x 2616.66666667=$104,185,200
<Most Wal Mart employees I have come across speak Ebonics or Spanglish.
Come to the heartland. They all speak English out here. Even the blacks and Hispanics. : )
I go to Walmart at all hours - from 10 am to 2 am. I’ve never run into anyone who couldn’t speak understandable English. On the other hand, there have been times when I had to look for an employee, but once I found one, the person spoke English.
I worked at Wal Mart for 10 years until this last January. I was paid $12 an hour after 10 years. There are associates there making a lot more per hour. To control this Wal Mart some 6-7 years back put a wage cap. They are letting people go who have been there 15 + years.
1 friend of mine had the same job she loved for over 15 years. They terminated her for being to slow on the job. They told her she could reapply after 90 days.
Being desperate since hubby had recently been diagnosed with life threatening illness, she applied after the 90 days.
Wal Mart hired her back for the exact same position she worked when she was fired. Pay rate minimum wage, part time ( a few hours less per week than she worked prior to termination) and NO insurance. Very sad to see happen. She is not the only one to experience this.
People are applauding Wal Mart for planning to hire 100,000 vets in 2014. They think it is great. I think it is BS!! .... Vets have the VA for medical so WM is off the hook providing them with insurance. And long term higher paid ,insured associates will be terminated to make room for the vets sadly.
Walmart should never have "been on the hook" for anything.
Walmart, like any company has a BOTTOM line. Though their $$$ amount for profit is HUGE ($15.7 Billion) so is their employee numbers (2 million).
Also, one must look at profit ratio and not profit number. It's easy to look at $15.7 billion and think "oh, they have the money!" The real issue is that Walmart is made up of 10's if not 100's of thousands of investors. MANY of them Walmart employees. People choosing to exercise Walmarts stock options. Many of them making the same as your friend.
Last I checked Walmart stock was selling at about $78.50 a share. They paid a dividend this year of $1.59. That's ONLY 2%.
People complain about Walmart for this or that reason. Lets do some number crunching. If Walmart paid all its employees $1 an hour more. That's 2 million employees, about 1.5 million full time and .5 million part time.
1.5 million x 2000 hours a year= 3 billion man hours,
.5 million x 1000 hours a year = 500 million man hours. That's 3.5 billion man hours x $1 an hour = $4.025 Billion dollars. Giving 500,000 employees insurance, at $200 a month would cost $1.2 billion. (My COBRA insurance is almost $600 a month) With the added costs Obamacare is going to add, I figure their insurance costs are going to jump $1.8 Billion this year.
Its easy to get caught up in the emotion, but it doesn't change the facts.
I didn’t paint Walmart as the “evil menace.” I simply stated that they have strayed far from the founder’s ideals. In my town, we have a new Walmart slated within a mile from my house. There are “no box stores” protesters with signs and petitions, but they look more like occupiers or the globally warmed, and I don’t support their crusades.
However, though WM may increase opportunity for some, WM does not support local communities to the extent that local businesses do. I was just at Sam’s the other night, and they had giant checks on the wall showcasing their local contributions. It was a joke. The largest check didn’t reach 5 figures (and the total of all of them didn’t approach 6 figures)—and this from a store that grosses well into 7 figures. My dad, who was a small business owner, gave more than that each year, and his gross never exceeded the low 6s.
Don’t tell me about how great they are. They have a place, but Mc Donald’s is in a higher league from a business standpoint. WM is a cutthroat corporate giant that doesn’t care about anything but their own profit. Nothing wrong with that, but don’t make them out to be a paragon of virtue.
If you pay close attention you’ll see that on average their prices are higher than their competitors. We won’t set foot in a Walmart. We go to Target.