Friday headline roundup

A Surprise For New Wal-Mart CEO in His Morning Newspaper (Wall Street Journal, 1/30/14)

Doug McMillon, who takes the reins as chief executive of Wal-Mart on Feb. 1, woke up Thursday morning to find a personal message from worker advocates asking for better pay and treatment splashed across a full page ad in his hometown newspaper. The ad comes a day after Wal-Mart disclosed a pay package under which Mr. McMillon could receive up to $30 million in compensation, stock, cash incentives and retention awards over the next three years. He’s taking over a company whose shares have risen by nearly a third in the past three years, though its performance has faltered in recent months amid weak U.S. sales.

 

Why Costco? (Huffington Post, 1/29/14)

In contrast, Walmart pays most of its workers poverty-level wages, prefers employees to work part-time rather than full time, imposes chaotic work schedules, and harasses (and even fires) its “associates” if they complain…When Americans think of the phrase “working poor,” they think of Walmart. Many of its employees make so little that they are eligible for food stamps, Medicaid, and housing subsidies. America’s taxpayers are subsidizing Walmart’s poverty-wage labor practices to the tune of billions of dollars. The company’s low-wage business model contributes to its stocking problems, the low customer service ratings, and the retailer’s current decline in sales.

 

What’s my real living wage? (CNNMoney, 2/17/14)

Half of Anthony Goytia’s monthly salary pays for gas alone. The father of four works the overnight stocking shift at Wal-Mart. The rest of his paycheck isn’t enough to cover his other expenses. To make ends meet, Goytia has taken out payday loans and visited local food banks. He doesn’t have cable or Internet and he relies on friends donating diapers for his newborn baby.

 

Sources: Headquarter job cuts ongoing at Wal-Mart, Sam’s Club (The City Wire, 1/28/14)

Two former retail executives, who spoke on condition of anonymity, said they knew several individuals with more than 25 years of service who were recently informed that their home office positions were being eliminated.

What do you think?