posted 02-28-2004 03:38 PM
Take a few minutes of your time to read the report on Wal-Mart:Wal Mart?????
Your favorite store????? Low cost for merchandise, of course, but at
who's expense?
What every American needs to know.
The owners of one of America's premiere retail corporations is
comprised of five of the ten richest people in the world, all from
the same family. Their personal wealth eclipses $100 BILLION dollars.
Last year the companies CEO was paid a cool $11.5 million, more than
the annual salaries of 765 of his employees combined! The company's
profits are over $7 BILLION annually. In these difficult economic
times how do they do it?
- This company runs ads featuring the United States flag and
proclaims "We Buy American". In 2001 they moved their worldwide
purchasing headquarters to China and are the largest importer of
Chinese goods in the US, purchasing over $10 BILLION of Chinese-made
products annually. Products made mostly by women and children working
in the labor hell-holes China is famous for.
- Their average employee working in the US makes $15,000 a year,
$7.22 per hour!
- These employees gross under $11,000 a year.
- The company brags that 70% of their employees are full time, but
fails to disclose that they count anyone working 28 hours a week or
more as full time.
- There are no health care benefits unless you have worked for the
company for two years.
- With a turnover rate averaging above 50% per year, only 38% of
their 1.3 million employees have health care coverage. -In California
alone it's estimated that the taxpayers pay over $20 million annually
to subsidize health care benefits for these employees who get none
from this behemoth corporation.
- According to a report by PBS's "Now" with Bill Moyer, their
managers are trained in what government social programs are available
for these "employees" to take advantage of so that the company can
pass on those costs to you and me. It allows them to not only keep
their $7 BILLION in annual profits, but to do so by substituting
benefits they refuse to provide with benefits paid for with taxpayer
dollars.
- This company holds the record for the most suits filed against it
by the Equal Employment Opportunity Commission. A lawyer
from "Business Week" (not exactly the bastion for supporting Labor)
said, "I have never seen this kind of blatant disregard for the law."
They had to pay $750,000.00 in Arizona for blatant discrimination
against the disabled! The judge was so incensed that he also order
them to run commercials admitting their guilt.
- The National Labor Relations Board has issued over 40 formal
complaints against the corporation in 25 different states in just the
past five years. The NLRB's top lawyer believed that their labor
violations, such as illegal spying on employees, fraudulent record
keeping, falsifying time cards to avoid paying overtime, threats,
illegal firings for union organizing etc., were so widespread that he
was looking into filing a very rare national complaint against the
company.
- Nearly 1 MILLION women are involved in the largest class-action
suit every filed against a corporation. Although women make up over
65% of this corporations work force only 10% of them are managers.
The women who have become store managers make $16,400 a year LESS
then the men.
- The corporation took out nearly 350,000 life insurance policies on
their employees. They did not tell the employees and then named the
corporation as the beneficiary. They are now being sued by numerous
employees, and although the corporation has stopped this practice of
purchasing what is known as "Dead Peasant Policy's", a company
spokesperson stated, "The company feels it acted properly and legally
in doing this."
- They force employees to work after ordering them to punch out. In
Texas alone this practice of "wage theft" is estimated to have cost
employees $30 million per year. Wage theft or "off-the-clock"
lawsuits are pending in 25 states. In New Mexico they paid
$400,000.00 in one suit and in Colorado they had to pay $50 MILLION
to settle one class-action case brought against them. In Oregon a
jury found them guilty of locking employees in the building and of
forcing unpaid overtime.
- With 4,400 stores they practice "predatory pricing." They come into
a community and sell their goods at below cost until they drive local
businesses under. Once they have captured the market the prices go up.
- Locally owned and operated businesses put virtually all of their
money back into the community which helps keep the local economies
vibrant. This corporation sucks the money out of the local community,
decreases wages and benefits and ships the profits out of state.
- This company doesn't buy locally or bank locally. They replace
three decent paying jobs in a community with two poorly paid "part-
timers".
- In Kirksville, Missouri when this company came to town, four
clothing stores, four grocery stores, a stationary store, a fabric
store and a lawn-and-garden store all went under. Eleven businesses
are now gone.
(The above information can be found in "Thieves in High Places",
James Hightower, The Penguin Group, New York, NY, 2003 p. 166 - 193.)
Now you know how they can claim, "Always low prices." Wal-Mart is
the largest corporation in the world, larger than General Motors and
Exxon Mobil. Wal-Mart will reap over 250 billion in sales in 2003,
which is larger then the entire gross national product of Israel and
Ireland combined. It has over 1.3 million employees. It sells more
groceries, jewelry, photo processing, dog food, and vitamins than any
other chain in the world. Wal-Mart is owned by the Walton family.
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"None are so hopelessly enslaved as those who falsely believe that they are free." Johann Wolfgang von Goethe
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Now there is a fine U.S. company we all can be proud of!