Monday, March 26
At one time or another, we have all heard bad things about Wal-Mart. I remember senior year of high school, New York school teachers went on strike and demanded that their students by their school supplies from any retailer other than Wal-Mart. Since the corporation has started, the people of the US have disapproved of how they treat and pay their employees. I guess Wal-Mart has heard enough complaining, and the disapprovals have finally paid off. The Boston Globe published an article on the 23rd titled "Under Pressure, Chain Raises Bonuses." Wal-mart released a statement saying that they are going to increase annual bonus payments this year, and also offer new rewards programs. These increases and rewards will be available to both full and part time employees. "Wal-Mart has previously defended its employment policies, saying the company creates jobs and has reduced healthcare costs for all Americans by selling prescription drugs at discount." I don't believe that this is true. Sure, they create jobs like all other retail stores, but retail stores such as Target also sell prescription drugs at discount and stay out of the negative press. Perhaps this is start, but Wal-Mart has a lot of catching up to do if they really want to impress the citizens of the US.
http://www.boston.com/business/globe/articles/2007/03/23/under_pressure_chain_raises_bonuses/
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