for spending money on the reputation, while ignoring the spirit of community service Wal-Mart has been paying Edelman roughly ten million dollars annually to renovate its reputation on such issues as low wages, miserly benefits, sex discrimination, and union busting, according to an article in the New Yorker.
for excessive executive pay: Lee Scott, Wal-Mart’s president and C.E.O., . . . last year earned $15.7 million in salary and bonuses. Early this month, the company announced that it was granting him an additional twenty-two million dollars in stock. In the past year, Scott earned roughly two thousand times the salary of the average Wal-Mart worker.
for crappy employee pay: Wake Up Wal-Mart notes that $10.51 may be the average full-time wage, but the company won’t disclose the average hourly wage of part-timers. “We think the true average is probably less than nine dollars,” Chris Kofinis, the Wake Up Wal-Mart spokesman, said. By comparison, Costco’s average wage is $17.46.
and for doing the right things:
- supporting universal healthcare . . . simply because it’s cheaper for them not to provide healthcare for their employees.
- Jobs and Opportunity Zones program . . . to get stores in urban areas which have been thwarted by residents.
- green campaign: cutting fuel and electricity use . . . saves money, provides positive PR
only to make more money (for the wrong reasons)
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