Walmart’s Top-to-Bottom Taxpayer Subsidies

Low-income families weren’t the only ones hurt by cuts to food stamps last fall. Top Walmart executives also took a hit. The cutbacks ate into the discount giant’s sales because so many of its low-income customers rely on this public assistance program to help pay for their groceries. And that made it tough for the company’s top brass to meet their bonus targets. But that wave of anxiety didn’t last long. Walmart’s board simply rejiggered bonus criteria so that executives could still reap “performance” payouts, The New York Times reported.