Members of the Walmart 1 Percent in New York

MEMBERS OF THE WALMART 1% IN NEW YORK:

  • Walmart Board of Directors member Michele Burns  lives in New York City. Contact Michele Burns:
    • Executive Director, Retirement Policy Center, Marsh & McLennan, 1166 Avenue of the Americas, New York, NY 10036-2774; (212) 345-5000
    • Walmart email address: mmicheleburns@wal-mart.com
  • Walmart Board of Directors member Christopher Williams lives in New York City. Contact Christopher Williams:

AFFILIATIONS OF THE WALMART 1%:

  • Walmart Board of Directors member Jim Breyer is on the Board of Directors of News Corporation: 1211 Avenue of the Americas, New York, NY 10036; (212) 852-7000.
  • Walmart Board of Directors member Jim Breyer is on the Board of Directors of Etsy: 55 Washington Street, Suite 512, Brooklyn, NY 11201
  • Walmart Board of Directors member Michele Burns is the Treasurer of the Elton John AIDS Foundation: 584 Broadway, Suite 906, New York, NY 10012
  • Walmart Board of Directors member Jim Cash is on the Board of Directors of the The Chubb Corporation: 15 Mountain View Road Warren, NJ 07059; (908) 903-2000 (phone), (908) 903-2027 (fax)
  • Walmart Board of Directors member Jim Cash is a Public Director of The Green Exchange: One North End Ave., New York, NY 10282, 212-299-2100, info@thegreenx.com
  • Walmart Board of Directors member Doug Daft is a Patron of the American Australian Association: 50 Broadway, Suite 2003, New York, NY 10004; (212) 338-6860 (phone), (212) 338-6864 (fax)
  • Walmart Board of Directors member Doug Daft is a Trustee of the Williamstown Theater Festival. The festival’s New York office, September through May: 229 W. 42nd St., Suite 801, New York, NY 10036; (212) 395-9090 (phone), (212) 395-9099 (fax)
  • Walmart Board of Directors member Greg Penner is on the National Board of Directors of Teach for America, 315 West 36th Street, New York, NY 10018; (212) 279-2080
  • Walmart Board of Directors member Marissa Mayer is on the Board of Directors of New York City Ballet: David H. Koch Theater, 20 Lincoln Center, New York, NY 10023; (212) 870-5656
  • Walmart Board of Directors member Marissa Mayer is on the Board of Trustees of the Smithsonian Cooper-Hewitt National Design Museum: 2 East 91st St, New York, NY, 10128; (212) 849-8400
  • Walmart Board of Directors member Steve Reinemund is on the Board of Directors of American Express: 200 Vesey St., New York, NY 10285; (212) 640-5130
  • Walmart Board of Directors member Christopher Williams is on the Board of Directors of British American Business: 52 Vanderbilt Avenue, 20th Floor, New York, NY 10017; (212) 661-4060
  • Walmart Board of Directors member Christopher Williams is a Director of the Partnership for New York City: One Battery Park Plaza, 5th Floor, New York, NY 10004; (212) 493-7400
  • Lincoln Center for the Performing Arts: 10 Lincoln Center Plaza, New York, NY 10023; (212) 875-5000
  • Walmart Board of Directors member Christopher Williams is Vice Chairman of the Board of Trustees of the Alvin Ailey Dance Foundation: The Joan Weill Center for Dance 405 West 55th Street, New York, NY 10019
  • Walmart Board of Directors member Christopher Williams is a Director of the National Dance Institute: 217 West 147th Street, New York, NY 10039; (212) 226-0083
  • Walmart Board of Directors member Christopher Williams is a Trustee of Teachers College, Columbia University: 525 West 120th St., New York, NY 10027; (212) 678-3000
  • Walmart Board of Directors member Christopher Williams is a Trustee of Mount Sinai Medical Center: One Gustave L. Levy Place, New York, NY 10029-6574; Community Relations: (212) 731-7888
  • Walmart Board of Directors member Christopher Williams is a member of the Economic Club of New York: 350 Fifth Avenue, Suite 4910, New York, NY 10118-4099; (212) 947-7738
  • Walton family member Christy Walton is the co-chair of the Children’s Scholarship Fund: 8 W. 38th St., 9th Floor, New York, NY 10018.

 

 

The Walmart 1 Percent’s Influence in New York Politics

The Walton family in politics

The Waltons contributed $16,550 to candidates for Congress from New York State between the 1990 election cycle and 2010. Just over half went to Republicans. Christy Walton contributed another $15,000 to David Paterson in 2008, although he was not up for election that year.[1]

Walmart in politics

The Walmart PAC spent $335,750 on Congressional candidates from the Empire State over the same time period. As the company looks to expand in NY, Walmart spent $562,877 on New York state-level politics between 2003 and 2010, with 89% of that going to Republican candidates or party committees.[2]

 

 

Walmart’s Impact on New York’s Employment Picture

Impact of Walmart stores on retail and other jobs

Based on data available through Walmart’s website, there were 36,190 Walmart associates in New York as of January 31, 2012.

According to a 2006 study, for every retail job created at Walmart, communities lose 1.4 retail jobs.[3] Based on the findings of this study, we estimate that, if Walmart had no stores in New York, there would be an additional 14,476 retail jobs in the state.

Impact of Walmart’s China sourcing on jobs

Based on an estimate of Walmart’s share of the U.S.-China trade deficit, we can estimate that New York lost an estimated 13,067 jobs as a result of Walmart’s practice of sourcing heavily from China.[4]

 

 

Walmart’s Cost to New York Taxpayers

Taxpayer subsidies for Walmart

Walmart is the world’s biggest company.[5] But despite its colossal financial resources—the company brought in $444 billion in revenue last year[6]—it’s habitually dipped into public coffers to finance its expansion into almost every corner of the United States.[7] In the absence of centralized information or databases on economic subsidies, Good Jobs First, an economic policy and research non-profit, has done extensive research to document the subsidies Walmart has received, and has published the data on Walmart Subsidy Watch. Here’s what GJF uncovered in New York.

Taxpayer healthcare costs

Tens of thousands of Walmart associates and their families qualify for Medicaid and other publicly subsidized care. Indeed, according to data compiled by Good Jobs First, in 22 of 24 states which have disclosed information, Walmart has the largest number of employees or dependents on the public rolls of any employer.[8] New York has not disclosed data.

 

 

More Walmart stores coming to New York

Here’s a list of Walmart stores planned or rumored to be opening in New York:[9]

  • Brooklyn: Supercenter, Gateway II – Belt Parkway
  • Cortlandt: Supercenter, 3131 E. Main St.
  • East Patchogue: Supercenter, Sunrise Hwy. and Hospital Rd.
  • North Tonawanda: Supercenter, 866 Niagara Falls Blvd.
  • New York City: Supercenter, West Side on Hudson Yards
  • New York City: Supercenter, Downtown in the World Financial Center
  • New York City: Supercenter, Moynihan Station
  • New York City: Supercenter, 125th St. and Lenox Ave.

[3] The Effects of Wal-Mart on Local Labor Markets. December, 2006. David Neumark, Junfu Zhang, Stephen Ciccarella.

[4] These numbers are estimates. To arrive at these estimates, we used the report by the Economic Policy Institute that estimated U.S. jobs lost to China by state from 2001-2008. We then multiplied that number by 9.3%, which is the proportion of the overall U.S.-China trade deficit that EPI estimated to be tied to Walmart. We arrived at that number from this study.

[5] As measured by revenue; “Fortune Global 500 2011: The World’s Biggest Companies – Wal-Mart Stores,” http://money.cnn.com/magazines/fortune/global500/2011/snapshots/2255.html

[6] “Walmart reports Q4 EPS from continuing operations of $1.51; Walmart U.S. delivers positive traffic and positive comp sales in Q4,” press release dated February 21, 2012, http://investors.walmartstores.com/phoenix.zhtml?c=112761&p=irol-newsArticle&ID=1663026&highlight=

[7] “Shopping for Subsidies: How Wal-Mart Uses Taxpayer Money to Finance Its Never-Ending Growth,” by Philip Mattera and Anna Purinton, Good Jobs First, May 2004.  http://www.goodjobsfirst.org/sites/default/files/docs/pdf/wmtstudy.pdf

[8] “Disclosures of Employers Whose Workers and Their Dependents are Using State Health Insurance Programs,” Good Jobs First report, version dated January 18, 2012.  http://www.goodjobsfirst.org/corporate-subsidy-watch/hidden-taxpayer-costs.

[9] Information on planned or rumored stores collected by Making Change at Walmart.