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Date: 12/20/13 09:23 AM

49 Responses to In 2012 CEO Walmart $20.7 [Pic]

  1. Profile photo of 5Cats
    5Cats Male 50-59
    31783 posts
    December 20, 2013 at 7:25 am
    Link: In 2012 CEO Walmart $20.7 - So, if you divided the CEO`s entire pay among the employees they`d each get
  2. Profile photo of AvatarJohn
    AvatarJohn Male 30-39
    1059 posts
    December 20, 2013 at 9:33 am
    Bah. Haven`t you heard? Pay should be based on what a company "can afford", not the actual worth of each individual employee. From each according to his ability to each according to his need.
  3. Profile photo of LandoGriffin
    LandoGriffin Male 30-39
    3844 posts
    December 20, 2013 at 9:47 am
    The government doesn`t "steal" taxes from every paycheck. Taxes are approved by publicly elected officials who (in theory) account for every penny in various state services, like the police force, public schools, fire departments, road repair, etc.
  4. Profile photo of madduck
    madduck Female 50-59
    7421 posts
    December 20, 2013 at 9:51 am
    and??? What does this show- apart from the fact that the CEO of Walmart earns too much?
  5. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36208 posts
    December 20, 2013 at 9:55 am

    Companies used to give benefits and raises and perks to keep employees as training new ones constantly wasn`t cost effective. But now there are more workers than there are jobs so the rules of Supply & Demand dictate that you are not valuable. You can be replaced very cheaply so shut up and like starving, you won`t do better anywhere else.
  6. Profile photo of 5Cats
    5Cats Male 50-59
    31783 posts
    December 20, 2013 at 9:59 am
    @madduck: it shows how little difference it would make if "wealth redistribution" took place. the `poor` would gain almost nothing and the company would suffer greatly - probably causing many to lose their jobs!

    on an unrelated note : my PC is broken! stupid keyboard drivers... I`ve finally found the virtual keyboard, eh? (mouse works)

    enjoy my being quiet while it lasts ;-)
  7. Profile photo of DrShrinker
    DrShrinker Male 40-49
    43 posts
    December 20, 2013 at 10:15 am
    Walmart posted a profit of 12,731,000,000 last year which equates to $5800 annually per each of its 2.2 million employees. How about giving employees shares of Walmart stock so that they can reap the benefits of their own labor? The Walmart family (which does almost zero for the company these days) receives 3.1 billion in Walmart dividends per year giving the 6 of them more wealth than 42% of American combined.
  8. Profile photo of Rodin
    Rodin Male 30-39
    692 posts
    December 20, 2013 at 10:23 am
    "Taxes are what we pay to live in a civilized society"
  9. Profile photo of MelCervini
    MelCervini Female 40-49
    2096 posts
    December 20, 2013 at 10:29 am
    DrShrinker... Wallyworld does give out shares of stocks as rewards for good jobs... one store hands out "good job" buttons, collect 3 buttons and trade it for a share of stock. $77.00 bonus? Not shabby IMHO when YOU are in charge of how many buttons you get.
  10. Profile photo of whodat6484
    whodat6484 Male 30-39
    3907 posts
    December 20, 2013 at 10:30 am
    "one store hands out "good job" buttons"

    That`s cute, kind of like a kindergarten teacher giving out gold stars, hahaha!
  11. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    December 20, 2013 at 10:31 am
    Don`t confuse what "should" be and what actually "is". I would love it if it were possible to legislate business owners to be generous, I really would. But the economic arguments don`t stack up. Two of the main solutions are a high minimum wage and wealth confiscation - these both have major unintended consequences, both short and long term.
  12. Profile photo of MelCervini
    MelCervini Female 40-49
    2096 posts
    December 20, 2013 at 10:44 am
    whodat LOL it is, but it works and its fun :::shrug:::
  13. Profile photo of Phosphoreign
    Phosphoreign Male 30-39
    309 posts
    December 20, 2013 at 11:19 am
    @Rodin: Yes, taxes are what we pay to live in a civilized society. They are not intended for the redistribution of wealth according to the views of a single despot.
  14. Profile photo of normalfreak2
    normalfreak2 Male 18-29
    3388 posts
    December 20, 2013 at 11:56 am
    ohhh data taken completely out of context must be a 5cats post!
  15. Profile photo of 5Cats
    5Cats Male 50-59
    31783 posts
    December 20, 2013 at 11:59 am
    @drshrinker: so investors deserve ZERO % return for their risked capital? those buildings weren`t free, the overhead costs money, that is how All business works.

    I think each employee earned more than $5,800 and took no financial risk...
  16. Profile photo of Magentab0b
    Magentab0b Female 30-39
    1467 posts
    December 20, 2013 at 12:24 pm
    Of the 474 Billion dollars Walmart makes in revenue only 2.5% is profit. Sure it`s 12 billion dollars but it`s only 2.5%.
  17. Profile photo of Mikeman64
    Mikeman64 Male 40-49
    138 posts
    December 20, 2013 at 12:33 pm
    I wonder why this is so hard for people to understand.Unless your`e a stockholder why is any CEO`s salary anybody`s business?
  18. Profile photo of RevWubby
    RevWubby Male 30-39
    64 posts
    December 20, 2013 at 12:50 pm
    My GOD! Won`t anybody think of the rich people!
  19. Profile photo of MrPeabody
    MrPeabody Male 30-39
    1920 posts
    December 20, 2013 at 1:49 pm
    I always find it odd that people get so upset that a company makes a profit, yet don`t even bat an eye when the yearly ($30+ billion for 2013) list of Govt. Waste comes out.
  20. Profile photo of RPossum
    RPossum Male 30-39
    1059 posts
    December 20, 2013 at 1:57 pm
    Eh gad! Why doesn`t the CEO make enough money for everyone in the company to live off of? Where`s the injustice!!!
  21. Profile photo of HumanAction
    HumanAction Male 18-29
    2357 posts
    December 20, 2013 at 2:33 pm
    Redistribute.
    Ban.

    These are the two most common words of the have-not`s.
  22. Profile photo of DinVen
    DinVen Male 30-39
    390 posts
    December 20, 2013 at 3:02 pm
    What a tragically ignorant post.

    The "haves" are painting themselves into a corner - slowly but certainly. Look at the booming private security industry. Look at the growing global population of "not haves". The rich are scared to the bone that reality might one day find them and deflate their entitled attitudes and destroy their grotesque material enhancements..

  23. Profile photo of Mikeoxsbiggg
    Mikeoxsbiggg Male 30-39
    1502 posts
    December 20, 2013 at 5:04 pm
    @ DinVen - Not soon enough.
  24. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36208 posts
    December 20, 2013 at 5:06 pm

    "Of the 474 Billion dollars Walmart makes in revenue only 2.5%"
    If that`s what they reported as income they`re cooking the books. Businesses make WAY MORE than 2.5% profit margin. I their CEO couldn`t do better than 2.5% they`ve fire him and get someone competent.
  25. Profile photo of DrProfessor
    DrProfessor Male 18-29
    3894 posts
    December 20, 2013 at 7:00 pm
    No one is right about this. Stop arguing. It`s pointless.
  26. Profile photo of h0ax_d3m0n
    h0ax_d3m0n Male 18-29
    2513 posts
    December 20, 2013 at 7:02 pm
    20.7 million is still ridiculous.
  27. Profile photo of Dead-Kittens
    Dead-Kittens Male 30-39
    1038 posts
    December 20, 2013 at 7:15 pm
    LOL a personal budgeted salary is no comparison to the equity acquisition in Walmarts budget.
  28. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    December 20, 2013 at 9:09 pm
    DinVen and Mikexbig, you guys are so creepy. And no, these times are not so different. The "masses" have massacred the people who have more before. The only difference now is that all the "masses" have iPhones and wifi. So really, it`s nothing like 1917.

    But you`re advocating for a 1917, which is really really stupid. Stop that.
  29. Profile photo of SheaSF
    SheaSF Male 40-49
    98 posts
    December 20, 2013 at 9:50 pm
    The CEO of Walmart isn`t building bridges, maintaining an military, making sure old people aren`t freezing to death. The comparison is something I would hear from one of my libertarian friends, crying about their taxes.
  30. Profile photo of TechMistress
    TechMistress Female 40-49
    61 posts
    December 20, 2013 at 10:45 pm
    That is one of the stupidest arguments I`ve ever heard. That is the CEO, he`s just an employee (and makes ridiculous amounts of money).

    In just the first quarter of 2012, Walmart`s gross profit was $32.64 BILLION. Now divide THAT among your 2 million employees. I`m guessing that any one of those employees could use an extra 16 Grand.
  31. Profile photo of OldOllie
    OldOllie Male 60-69
    15844 posts
    December 20, 2013 at 11:13 pm
    In 2012 the CEO of Walmart made $20.7 million for running one of the biggest employers and most profitable companies in the world that has done more to raise the standard of living for low- and middle-income people that any charity or government welfare program in history.

    That same year, Justin Bieber made $58 million for...what?

  32. Profile photo of OldOllie
    OldOllie Male 60-69
    15844 posts
    December 20, 2013 at 11:42 pm
    How about giving employees shares of Walmart stock so that they can reap the benefits of their own labor?
    Walmart matches employee stock purchases by 15% on the first $1,800 worth of shares bought each year. If you work at the company and write a check to buy $1,800 worth of the stock, the company is going to give you another $270 to buy shares completely free. That results in an automatic 15% return before you`ve collected your first dividend. On top of that, the company matches 100% on the first 6% of salary contributed to a 401(k) plan.
  33. Profile photo of Sleepyhallow
    Sleepyhallow Male 50-59
    1983 posts
    December 21, 2013 at 2:57 am
    And how long do yo have to work to save up enough to buy/invest in that generousness windfall of opportunity after paying your rent, utilities, and food when you are being paid minimum wage, Ollie?

    Dangling perks just out of your reach is no perk.
  34. Profile photo of morimacil123
    morimacil123 Male 18-29
    171 posts
    December 21, 2013 at 6:19 am
    "Walmart matches employee stock purchases by 15% on the first $1,800 worth of shares bought each year."
    That is pretty generous!
    Now if the employees were actually paid enough to live, and then a little more so they had extra money to invest in stock, it would also be useful :)
  35. Profile photo of Crabes
    Crabes Male 30-39
    1285 posts
    December 21, 2013 at 7:56 am
    I prefer Costco over Walmart they pay their employees a decent salary
  36. Profile photo of DrShrinker
    DrShrinker Male 40-49
    43 posts
    December 21, 2013 at 8:18 am
    "that has done more to raise the standard of living for low- and middle-income people"

    Congratulations! You win the award for the most insane comment in this thread. Walmart has crushed small business and manufacturing in America and the millions of middle class jobs they provided.
  37. Profile photo of OldOllie
    OldOllie Male 60-69
    15844 posts
    December 21, 2013 at 9:15 am
    @DrShrinker Turd-flinging does not constitute rhetoric.
  38. Profile photo of Ozmose
    Ozmose Male 30-39
    448 posts
    December 21, 2013 at 9:27 am
    That`s just his salary, and it`s pocket change compared to the bonuses he`s making. They`re quarterly, and they range in the hundreds of millions.
  39. Profile photo of 5Cats
    5Cats Male 50-59
    31783 posts
    December 21, 2013 at 10:12 am
    The fact remains: if you fired the Board of Directors? = Walmart goes under.
    If you fired a few hundred minimum-wage earners? You can replace the in an hour.

    Without the "Top Management" the company cannot operate. So of course they get paid more = DUH! All you socialists need to chew on that one...
  40. Profile photo of whodat6484
    whodat6484 Male 30-39
    3907 posts
    December 21, 2013 at 11:24 am
    "All you socialists need to chew on that one..."

    Says the guy who lives in one of the most socialist countries in the world.
  41. Profile photo of normalfreak2
    normalfreak2 Male 18-29
    3388 posts
    December 21, 2013 at 2:35 pm
    Socialism is bad look at Canada as they flounder and fail....
  42. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    December 21, 2013 at 4:38 pm
    What the hell, how is Canada socialist? That link is stupid, it ignores actual socialist countries like Cuba. Tell me where the workers are owning the means of production in Canada? Alberta is not a Socialist utopia. Alberta is booming because of…commerce. All countries that have wealth have it because of commerce, not socialism.

    This is an actual ranking of Capitalism. There is zero evidence that America is the "ultimate Capitalist haven". It`s one of the biggest myths in the world. Hong Kong is easily number one.

    Canada, New Zealand, Denmark all more Capitalist than us.
  43. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    December 21, 2013 at 4:41 pm
    LOL normal freak. Besides what i just said about that being a myth, look at this. Canada has been doing better and better as it has shrunk it`s gov`t quite significantly, and now "ultimate capitalist America" is spending the same as "socialist utopia Canada".


  44. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    December 21, 2013 at 4:50 pm
    Here`s something for you guys to chew on.

  45. Profile photo of 5Cats
    5Cats Male 50-59
    31783 posts
    December 21, 2013 at 7:03 pm
    @whodat: wtf do YOU know about Canada you Yank?
    (see? that is what you sound like dude.)

    Apparently you actually know nothing... hats off to @Andrew155 for setting you right with some facts.
  46. Profile photo of DrShrinker
    DrShrinker Male 40-49
    43 posts
    December 21, 2013 at 8:25 pm
    @5cats "The fact remains: if you fired the Board of Directors? = Walmart goes under"

    That is not a fact. I`m quite sure if they fired the board, the could replace them as well. BOD`s are revolving doors in this country.
  47. Profile photo of Musuko42
    Musuko42 Male 18-29
    2850 posts
    December 23, 2013 at 3:10 am
    @Andrew155

    You`re just showing us that low GDP and high government spending happen at the same time.

    Now please show us that high government spending CAUSES low GDP. Because you could equally, and fairly, say that low GDP leads to high government spending; attempting to stimulate growth, or needing to pay more unemployed people, bail out failed industries, etc.

    Some lines on a graph showing correlation tells us nothing useful. Remember: icecream trucks and car theft.
  48. Profile photo of bordo
    bordo Male 50-59
    907 posts
    December 23, 2013 at 5:28 pm
    Yay, finally somebody gets it. Government is the leach. It is a racket.
  49. Profile photo of CreamK
    CreamK Male 40-49
    1423 posts
    December 25, 2013 at 7:10 am
    Should`ve known it was 5Cats again. He can spread his propaganda of idiocy so freely here. Maybe IAB should be called I Am Bored of 5Cats since this has become his soap box.

    Everyone agrees that too large government is stupid. Everyone intelligent also agree that we need some governance. Things are better than ever and it`s sure is not because of capitalism.


    5Cats knows that without government, we wouldn`t be in this place in time. The advances in science, in healthcare, equality, all comes from government. No company on earth has any moral incentive, they have only negatives from each filter they need to put in the chimneys. Every healthcare plan, every salary is away from profit. He knows that.. Still he fervently supports policies that`ll would make any crony capitalists drool.. I have serious doubts if 5Cats is actually a person at all, it starts to smell more and more group effort.

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