Re: I guess you can call it Karma: After all these years of the Walton family supporting conservative politicians, they're getting the America they paid for and it turns out to be bad for business...
Msg. 64118 of 65535 (This msg. is a reply to
64055 by
oldCADuser)
Jump:
Apparently the BOD and executives at Walmart have found a way to insulate themselves from the consequences of the Walton family dumping millions into the campaigns of conservative candidates who have, among other things, cut food-stamps to the people who tend to shop at Walmart. It seems that since this cut into the company's bottom line, which was not good for the shareholders, nor the customers and even the Walmart 'associates' who were depending on food-stamps and which they used at Walmart stores, this was going to reduce the performance bonuses paid to Walmart executives. Well we couldn't have this now could we, so they simply 'cooked the books', reporting, for executive pay considerations purposes, an ESTIMATE of what the revenues and profits WOULD HAVE BEEN if Republican in Congress had NOT cut the SNAP program, allowing them to get their bonuses as if nothing happened. Of course, the stockholders are getting screwed as well as the 'associates' and of course their customers, as a result of the Walton's political views, but the people at the top are still going to get theirs. A sweet deal if there ever was one:
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I guess you can call it Karma: After all these years of the Walton family supporting conservative politicians, they're getting the America they paid for and it turns out to be bad for business...
By: oldCADuser in
FFFT Tue, 27 May 14 6:52 PM
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