The Walmart Way of Business: When Profits Go Up, Cut Health Care for 30,000 Employees
Walmart is a wildly successful company. Its “corporate fact sheet” online boasts that for “the fiscal year ended January 31, 2014, Walmart increased net sales by 1.6% to $473.1 billion and returned $12.8 billion to shareholders through dividends and share repurchases. Walmart ranked first on the 2014 Fortune 500 list of “the world’s largest companies by revenue.” Yet despite the retail behemoth’s growing financial prosperity, which greatly benefits the company’s shareholders, executives and especially the Walton family, the company has now decided that… Read more…