Posted on 04/05/2005 3:58:49 PM PDT by The Great Yazoo
ROGERS, Ark. -- Wal-Mart is "good for America" and the barrage of criticism against the company is an effort to protect the status quo in retailing, President and CEO Lee Scott said Tuesday in a sharp attack on organized labor and retail rivals.
Addressing about 50 journalists gathered at the company's media conference -- it first ever media event – Mr. Scott defended its wages and health care plans, criticized by labor groups as inadequate, and said that the company is able to save customers big money as it drives costs out of its system.
"Innovation and competition tends to change the status quo," said Mr. Scott, speaking at a hotel in Rogers, a few miles from Wal-Mart Stores Inc.'s Bentonville headquarters.
(Excerpt) Read more at online.wsj.com ...
Quote: WM has probably done more to help poor people afford a decent standard of living than all the charities combined.
Yeah out of 200 employees in each store, 25 are paid o.k.(managers etc), the rest are 25-30 hours per week at 6.00 per hour.
Lessee...I'll drive down the road in my Tahoe (SUV) to the WalMart or McDonald's, wearing fur and releasing C-12 refrigerant out the window! LOL! That's my good deed for the day!
The majority of the people on this earth were living in a third world status for many years.
The bottom line is that they are not going to put up with it anymore.
We are going to have to share the wealth and the resources with them or we are going to have to kill them all.
It's best that we start moving them up gradually and gracefully. We don't really have a choice, with the advent of satellite TV, Cell phones, the Internet, we can't by them off with beads and cheap trinkets anymore.
We are still going to be number one for the foreseeable future, so it is wise to orchestrate the evolution on our terms.
Quote: Your pathetic attempt to shame our military people has backfired
No I'm remembering all the ones that gave their life fighting communism and fear their will be many more. You by supporting china (indirectly by going through walmart etc) are spitting in their eye.
Quote: It's not how much you use, it's how much you pay per set quantity. One item that shoulda been added...Espresso!!! Gawd, how much per gallon do we pay for espresso (or coffee) every week?? Well, lessee...it's $2.30 for a 16 oz. mocha here, so that's $9.20 a gallon!
So, you have no problem paying $5 a gallon for gas???
the rest are 25-30 hours per week at 6.00 per hour.
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Who makes them go to work there?
How much would they be making at a mom and pop store?
Well, yeah...but if I have to, I will...and I still will be driving my Tahoe! Besides, I think that price is a little ways off in the future. But then again, if more people start buying hybrids, demand for gas will decrease, and therefore prices!!
Quote: The majority of the people on this earth were living in a third world status for many years.
The bottom line is that they are not going to put up with it anymore.
We are going to have to share the wealth and the resources with them or we are going to have to kill them all.
I don't have a problem with buying from African countries or other 3rd world ones. I hope they do prosper because it makes the world more stabile.
The problem I have is china has increased their military budget by 1000% in 12 years. That comes to 13% per year. We in contrast have spent on average 4.8% and that includes the war on terror.
China's war games are all planned about fighting the US in various scenarios (Taiwan, Oil embargo or shortage, Natutal resource shortages etc.)
If they are are so called friend why is this happening??
They would own the mom and pop store.
They would own the mom and pop store.
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The employee would?
Quote: In all seriousness, any government that can control a Wal-Mart can easily control you and me.
I have not said anywhere that gov't should control any business. I'm against that. I'm saying that the American people have lost some common sense in regards to china because of the love of the dollar more.
Wal-Mart regularly hires the small business people they put out of business, i.e. the guy who owned the little camera shop downtown will go to work at wal-mart's camera counter.
I'm not proclaiming an anti-wal-mart stance. They are like a force of nature in small town America. It's like this -- small Town U.S.A had an inefficient business model. The stuff was marketed inefficiently and sold pretty inefficiently. Wal-Mart comes in with very sophisticated techniques and kicks their butts. End of story.
Quote: Who makes them go to work there? How much would they be making at a mom and pop store?
I sell group health insurance to many small mom & pop stores. Most pay their employees very well, have group health insurance, pension plans etc.
Most mom 7 pop stores also have very little turnover so they mus be doing something right.
Gotta go...thanks all for the great discussion...and laughs!!
...and thanks again Sam, for watching my back and supporting our military!!
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