In Communism, they force you to do what they want you to do.
In democRATic Socialism, you get to vote-in who's going to force you to do what they want you to do.
Posted on 06/05/2019 2:31:00 PM PDT by detective
Walmart shareholders on Wednesday voted down a proposal backed by Sen. Bernie Sanders (I-Vt.) to put company workers on its board of directors, according to CNN.
The 2020 presidential candidate, speaking as a proxy for Walmart employees, offered the resolution earlier in the day at the shareholders meeting, saying, “The concerns of workers, not just stockholders should be a part of board decisions.”
Sanders told CNN after the vote that he didn’t think CEO Doug McMillon had gotten the message.
(Excerpt) Read more at thehill.com ...
I wonder if Crazy Bernie got a bribe as part of this.
Good move.
This circus doesn’t need any more rings.
Once Crazy Bernie is president he can MAKE them do it. That’s what’s socialists do.
Democracy is when the indigent, and not the men of property, are the rulers. - Aristotle
Same principle applies. Those who have the intelligence and skills to accumulate wealth (shares of stock), are the ones who should be making the decisions. They are held accountable by the losses they incur for making bad decisions.
Sanders and his commie idiocy should be mercilessly ridiculed.
Walmart is a Publicly Traded Company, with a Legal responsibility to SHAREHOLDERS.
It is NOT a Socialist enterprise seeking to be state controlled......get it?
A Major rejection of Bernieism . A lot of shareholders are going to tell people like Bernie to take a hike.
In Communism, they force you to do what they want you to do.
In democRATic Socialism, you get to vote-in who's going to force you to do what they want you to do.
Great Post!
Bernie is the ultimate grifter.
The power of socialism comes from the barrel of the government gun.
I assume he needed to be a shareholder to make the proposal (?).
Does Walmart give employees a chance to buy shares (say commission-free)? Many companies do.
No worries. It will be the law before long the way things are headed.
Thanks.
W-M matches 15% for any employee buying stock through payroll deduction. There is a limit, I’ve forgotten what it is.
When the gummint tells private business who will sit on its board and how much its employees will be paid and what days they will get off it is no more than what the Italians once called corporatism.
The rest of the world called it fascism.
The proposal to put hourly workers on the Board of Directors got .01% of the vote. I just checked.
At least in investing, some people vote for their self-interest rather than someone else’s utopia.
Why don’t these “journalists” bother to tell us what the vote was? Was it close? Terrible reporting.
Mcmillon is a lberal ‘tard. Why wait for the govt. to mandate a raise? $50 dollars an hour for all employees!
From today:
https://www.cnbc.com/2019/06/05/walmart-ceo-federal-minimum-wage-is-lagging-congress-should-act.html
“Walmart CEO Doug McMillon told shareholders and presidential hopeful Bernie Sanders on Wednesday the federal minimum wage of $7.25 per hour is “too low.”
“It’s time for Congress to put a thoughtful plan in place to increase the minimum wage,” McMillon said at the start of the giant retailer’s annual meeting in Bentonville, Arkansas. “Any plan should take into account phasing and cost-of-living differences to avoid unintended consequences.”
At the meeting, Sanders called for wage hikes for Walmart workers, accusing Walmart of paying “starvation wages.”
California Becomes 1st State To Require Women On Corporate Boards
The dorry sacl of ship is in Bentonville stirring the pot of crap. Local news is gushing over him. Idiots all.
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