Wal-Mart Strikes Again


Ah, Wal-Mart! The store liberals love to hate. No unions, hourly wages, and lots of poor folks. It’s a combination only a conservative could love, right?

Well, while Congress has a collective hissy fit about a paltry $165 million in bonuses paid to AIG employees (bonuses which Congress specifically approved, of course), and the President takes his show on the road to Jay Leno’s place, Wal-Mart is quietly awarding some of its employees roughly $2 billion in financial incentives and bonuses. That’s BILLION with a “B”.

But not to all employees, oh no! Top-tier VPs? Upper management? Group and product directors? No. Wal-Mart is giving this money to its U.S. hourly-wage employees. Reuters reports:

Wal-Mart CEO Mike Duke said the retailer is awarding roughly $2 billion to U.S. hourly employees, which includes $933.6 million in bonuses, $788.8 million in profit sharing and 401(k) contributions, millions of dollars in merchandise discounts, and contributions to its employee stock purchase plan.

“While economic challenges forced others to step back, we moved forward.”

What a classy move! While our government froths and foams, Bernie Madoff pines for his Manhattan penthouse, and Obama’s Telepromter gets its own blog, Wal-Mart simply made life a little better for about a million people.

Go shop at a Wal-Mart this weekend.

Stoutcat

3 Responses to Wal-Mart Strikes Again

  1. Granny says:

    Walmart is not in the tank. Those employees deserve those bonuses. But then, frankly, the AIG employees that received bonuses did so as part of their employment contracts. Congress should be more careful about reading what they actually pass into law. This “collective hissy fit” is what you get when you rush through a gargantuan bill so fast nobody has time to even read the thing.

    Also, might I point out that a goodly number of our congress-people received “bonuses” from AIG in the form of substantial campaign donations last fall. Perhaps they should begin to rectify the situation by refunding those to the US Treasury.

  2. Stoutcat says:

    Granny, I agree 100%! While our elected officials are having a collective temper tantrum and passing unconstitutional bills, Wal-Mart simply went out and did a good thing for its employees. If only we could get Congress to behave in a similar fashion to their constituents…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s