General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDem2TheCore
(220 posts)JimDandy
(7,318 posts)from someone who works there, but the % is almost unbelievable!
progressoid
(49,999 posts)DainBramaged
(39,191 posts)and it mostly falls on deaf ears
http://makingchangeatwalmart.org/
Beartracks
(12,821 posts)What an impressive capitalist business strategy.
=========================
Iwillnevergiveup
(9,298 posts)I wish we would see a show of support for striking workers with massive boycotts and HONEST, frequent news coverage.
K&R
TexasBushwhacker
(20,214 posts)Bigredhunk
(1,351 posts)'Tis why we haven't stepped foot in a Mall-Wart in almost 9 years and haven't spent money in one in almost 10. Every citizen and other business gets to support Mall-Wart while the 5 Walton heirs are in the top richest people in America.
-They purposely funnel their workers onto state/government aid so that they don't have to do pay them/cover them with insurance.
-They set full time hours at 28 so they can avoid paying OT.
-They squeeze suppliers/distributors. I heard a guy saying that Mall-Wart isn't responsible for the stuff in the bread aisle until it sells. In other words, if someone goes through the store and opens up every loaf of bread, the bread co's are responsible for it.
People think, "Oh...their peanut butter is $1.50, cheaper than anywhere else. What they're not seeing on the price tag is the cost of subsidizing Mall-Wart's business with their taxes. Literally, supporting Mall-Wart makes your taxes go increase.
HiPointDem
(20,729 posts)jackson stephens of arkansas was an early investor & underwrote the initial public offering.
jackson stephens partnered with this guy to form stephens finance in asia in 1976:
http://en.wikipedia.org/wiki/Mochtar_Riady
Son james:
Riady's entry into the American business community began in 1977, when he was persuaded by Arkansas banking moguls W. R. Witt and Jackson T. Stephens, and founders of Stephens Inc., one of America's largest investment banks outside of Wall Street, to become partners in the Stephens's Worthen Banking Corporation, after the younger Riady was sent by his father, Mochtar Riady, to set up a banking presence in the United States.
Mochtar Riady was also interested in helping Jimmy Carter's former budget director, Bert Lance, sell stock he held in the National Bank of Georgia, though the deal never materialized. Through their dealings with Stephens Inc. the Riadys made the acquaintance of the then-Arkansas governor, Bill Clinton.
In the early 1980s James and his father signed a licensing agreement with Zenith Electronics to produce color television sets in Indonesia and built a large production plant near Jakarta. Later, in 1985, Worthen was indicted of having administered several million dollars' worth of illegal, preferential loans to companies owned by the Riadys. The loans had allegedly been channeled through Lippo Finance and Investment, the Riadys' Little Rock-based company established in 1983, as well as the Stephenses and Liem Swie Liong, another Chinese-Indonesian businessman, sometimes described as having been Mochtar's mentor.
http://en.wikipedia.org/wiki/James_Riady
If anyone thinks the waltons built this monster all by their lonesomes, they're naive. There's a lot of dirt under the Slave-Mart rug.