In 2012 CEO Walmart $20.7 [Pic]

Submitted by: 5cats 3 years ago

So, if you divided the CEO"s entire pay among the employees they"d each get
There are 49 comments:
Male 1,421
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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Male 907
Yay, finally somebody gets it. Government is the leach. It is a racket.
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Male 2,850
@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.
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Male 43
@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.
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Male 36,388
@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.
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Male 2,578
Here`s something for you guys to chew on.

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Male 2,578
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".


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Male 2,578
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.
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Male 5,916
Socialism is bad look at Canada as they flounder and fail....
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Male 3,909
"All you socialists need to chew on that one..."

Says the guy who lives in one of the most socialist countries in the world.
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Male 36,388
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...
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Male 448
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.
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Male 15,832
@DrShrinker Turd-flinging does not constitute rhetoric.
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Male 43
"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.
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Male 1,284
I prefer Costco over Walmart they pay their employees a decent salary
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Male 171
"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 :)
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Male 1,983
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.
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Male 15,832
[quote]How about giving employees shares of Walmart stock so that they can reap the benefits of their own labor? [/quote]
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.
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Male 15,832
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?

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Female 61
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.
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Male 98
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.
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Male 2,578
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.
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Male 1,252
LOL a personal budgeted salary is no comparison to the equity acquisition in Walmarts budget.
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Male 2,510
20.7 million is still ridiculous.
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Male 3,894
No one is right about this. Stop arguing. It`s pointless.
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Male 37,888

[quote]"Of the 474 Billion dollars Walmart makes in revenue only 2.5%"[/quote]
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.
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Male 1,497
@ DinVen - Not soon enough.
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Male 390
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..

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Male 2,357
Redistribute.
Ban.

These are the two most common words of the have-not`s.
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Male 1,122
Eh gad! Why doesn`t the CEO make enough money for everyone in the company to live off of? Where`s the injustice!!!
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Male 1,920
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.
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Male 64
My GOD! Won`t anybody think of the rich people!
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Male 153
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?
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Female 1,467
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%.
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Male 36,388
@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...
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Male 5,916
ohhh data taken completely out of context must be a 5cats post!
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Male 308
@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.
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Female 3,180
whodat LOL it is, but it works and its fun :::shrug:::
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Male 2,578
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.
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Male 3,909
"one store hands out "good job" buttons"

That`s cute, kind of like a kindergarten teacher giving out gold stars, hahaha!
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Female 3,180
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.
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Male 892
"Taxes are what we pay to live in a civilized society"
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Male 43
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.
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Male 36,388
@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 ;-)
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Male 37,888

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.
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Female 7,833
and??? What does this show- apart from the fact that the CEO of Walmart earns too much?
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Male 3,842
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.
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Male 1,059
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.
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Male 36,388
Link: In 2012 CEO Walmart $20.7 [Pic] [Rate Link] - So, if you divided the CEO`s entire pay among the employees they`d each get
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