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When a Wal-Mart executive boasted at a Goldman Sachs investor conference in September that 475,000 of the company's U.S. store associates make more than $25,000 -- meaning that a large portion of its 1.4 million workers in the U.S. make less -- a long-simmering debate about the company’s wages boiled over. A large protest outside a California Wal-Mart store led to 50 arrests.
Fueling the anger, Payscale, a salary information site, estimates that Wal-Mart CEO Mike Duke's 2012 pay of $23.2 million was 1,034 times more than the company's average worker. Read more: Liberty Fires
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According to Fortune and several leading economist "...Wal-Mart’s workers should get a 50% raise." See the math HERE
BLOOMBERG: Wal-Mart Has $76 Billion in Undisclosed Overseas Tax Havens
Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn’t know it from reading the giant retailer’s annual report.
Shrimp sold at Walmart, Costco tied to slave labor read more: American Slavery Today
Walmart, Red Lobster shrimp tied to slave, child labor, AP investigation finds
Report: Walmart Workers Cost Taxpayers $6.2 Billion In Public Assistance
Walmart's low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to a report published to coincide with Tax Day, April 15.
Read more here.