Posted on 07/03/2007 8:28:15 AM PDT by Excuse_My_Bellicosity
Wal-Mart, which said it canceled its policies in early 2000 because it was losing money on the arrangemen, says the program was intended to reduce its income taxes to help pay rising employee health care costs. Workers were notified and given the opportunity to opt out, the company said. Myers said this corporate practice is not uncommon. He estimates that up to 25 percent of Fortune 500 companies have taken out such policies on employees. The vast majority of the time, the employees didn't know, Myers said.
From the article:
Workers were notified and given the opportunity to opt out, the company said.
Ding-ding-ding! We have a winner.
I believe most of the problems we have in this country stem from nosey people so busy minding others’ business that they end up letting their own go.
Ding-ding-ding! Another winner.
Somehow not that many get it.
Meh...don't care.
How would this effect you at all?
All of a sudden, I would have a great deal more confidence in my job security.
The part that has me questioning Wal-Mart’s fair play here is the fact that they’ve been successfully sued over this. I’m not sure if it’s legit or they got an O.J. jury. To me, there’s a lot of unanswered questions.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.