Wal-Mart Firearms Case Has Big Implications for Corporate Governance – Fortune


via Wal-Mart Firearms Case Has Big Implications for Corporate Governance – Fortune.

by  Ben Geier @ben_geier MARCH 23, 2015

An upcoming court case could have big implications for corporate governance

An upcoming lawsuit over firearms filed against Wal-Mart could have big implications on the future of corporate governance.

New York City’s Trinity Church is suing Wal-Mart over not allowing shareholders to vote on a resolution related to gun sales, the Wall Street Journal reports.

The resolution also included other items Trinity deemed “offensive to family and community values.”

Trinity, a relatively small Wal-Mart shareholder, submitted a resolution in 2013 for shareholders to vote on whether or not the company should stop selling certain firearms, according to the Christian Post. Wal-Mart requested the Securities and Exchange Commission allow them to exclude the measure, and the SEC allowed it, leading Trinity to sue. The issue is expected to be heard in appeals court next month.

How that court decides, however, could have a major impact on the balance of power between corporations and their shareholders. From the Journal:

A district court sided with Trinity in November and said that Wal-Mart has to include the proposal on the corporate ballots it will send out this spring. Wal-Mart appealed, arguing that the shareholder resolution meddles in regular business decisions and is at odds with decades of guidance from the Securities and Exchange Commission that such affairs are off limits.

The gun issue is controversial. But it is the corporate-governance question that has elevated the case from a politicized dispute between the company and a tiny shareholder into one that has drawn widespread attention from prominent law professors and big-business groups. They hope the proposal will answer a question that rarely reaches the federal court system’s upper levels: How much influence should investors have over a company’s day-to-day operations?

Wal-Mart sells firearms at less than half of its stores in the U.S. In its most recent earnings report, Wal-Mart postedearnings-per-share of $5.07 and $485.7 billion in revenue for 2014.

 

Walmart forced to increase minimum wage


via rtamerica: Walmart forced to increase minimum….

December 24, 2014

rtamerica:</p>
<p>Walmart forced to increase minimum wage at 33% of US stores<br />
Walmart, America’s largest private employer, is being forced to raise its minimum wage payments for workers. The move could improve the lives of roughly one-third of its 1.3 million employees and reduce the burden on the government.<br />
Since 21 states have adopted minimum wage increases either via legislative pressure or ballot initiatives, Walmart must now adjust base salaries at a third of its locations, according to an internal memo seen by Reuters. The memo sent to store managers this month said the wage hikes are due to come into effect on January 1.<br />
Thirteen states lifted the minimum wage in 2014, up from 10 states in 2013 and eight in 2012. The minimum wage increased 17 percent in South Dakota, to $8.50, and rose two percent in Arizona, to $8.05.</p>
<p>Base Minimum Wage WA State goes from $9.32 to $9.47, 1 Jan 2015.

rtamerica:

Walmart forced to increase minimum wage at 33% of US stores

Walmart, America’s largest private employer, is being forced to raise its minimum wage payments for workers. The move could improve the lives of roughly one-third of its 1.3 million employees and reduce the burden on the government.

Since 21 states have adopted minimum wage increases either via legislative pressure or ballot initiatives, Walmart must now adjust base salaries at a third of its locations, according to an internal memo seen by Reuters. The memo sent to store managers this month said the wage hikes are due to come into effect on January 1.

Thirteen states lifted the minimum wage in 2014, up from 10 states in 2013 and eight in 2012. The minimum wage increased 17 percent in South Dakota, to $8.50, and rose two percent in Arizona, to $8.05.

Base Minimum Wage WA State goes from $9.32 to $9.47, 1 Jan 2015.

(via liberationator)

 

VICTORY! The Pennsylvania Supreme Court has ordered Walmart to pay $188 million to workers who had sued the retailer for failing to pay them for rest breaks and hours worked.


via liberaleffects: VICTORY! The Pennsylvania Supreme….

liberaleffects:

http://trib.in/1yZuAgv

via The Othe 98%  https://www.facebook.com/TheOther98

 

Talk about dirty business!


via saveplanetearth: Talk about dirty business! A….

saveplanetearth:

A new report shows that Walmart is responsible for 8 million tons of carbon pollution. Like this if you think it’s time for Walmart to clean up its act @ ILSR via Forest Ethics

With a company so busy cutting costs, you’d think they would be leading the way with on site solar/wind.

via truth-has-a-liberal-bias

 

So on top of tax payers subsidizing billions of dollars for public assistance because Walmart pays their workers poverty wages, Walmart also avoids paying a billion dollars of U.S. taxes through loopholes each year??!!


via Advocating Progress labor411: So on top of tax payers subsidizing….

labor411:

#endcorporatewelfare

via democratsinthesouth

 

Walmart Workers Tell Elizabeth Warren Her Minimum Wage Bill Doesn’t Go Far Enough | ThinkProgress


via Walmart Workers Tell Elizabeth Warren Her Minimum Wage Bill Doesn’t Go Far Enough | ThinkProgress.

BY ALICE OLLSTEIN POSTED ON NOVEMBER 18, 2014

CREDIT: MAKING CHANGE AT WALMART

 

With Black Friday just about a week away, Walmart workers organizing mass walkouts, strikes and protests for higher wages and better conditions also took their grievances to Capitol Hill.

At a Senate briefing Tuesday, Senator Elizabeth Warren (D-MA) promised the workers to keep pushing Congress to pass three key bills: to raise the federal minimum wage from $7.25 to $10.10 an hour, make companies give workersmore predictable schedules, and ensure women and men are paid the same rate for the same work.

As someone raised by working class parents, Warren called the issue “deeply personal.” When she was 12 years old, her father lost his job selling carpet when he took time off to recover from a heart attack. “Like a lot of families, we had no money coming in. We lost our car. We were right on the edge of losing our home,” Warren said. “So my mother, who was 50 years old and had never worked outside the home, pulled on her best dress, put on her lipstick and walked to the Sears to get a minimum wage job. But here’s the key: it was a minimum wage job that would support a family of three. That minimum wage job saved our family and our home.”

Today, said Warren, even a single full-time worker can’t pay the rent on the current minimum wage. She has noted previously that today’s minimum wage would be $22 an hour if pay had kept pace with increased productivity over the past several decades.

Warren acknowledged that these three bills–some of which have already beenrepeatedly blocked by Senate Republicans, will be even more difficult to pass once the GOP takes control of the upper chamber in January. “Change is not easy. We may not pass these three bills right away,” she said.

And for workers like Cantare Davunt, a customer service manager at a Walmart in Apple Valley, Minnesota, those measures won’t be nearly enough. At the congressional briefing, Davunt thanked Senator Warren for her efforts, but said she and other workers will keep fighting for $15 an hour, full-time schedules, and the right to protest working conditions without retaliation.

Davunt told ThinkProgress she already makes $10.10 an hour, but her schedule is so erratic that some weeks she’s working overtime and others she’s barely getting 16 hours a week.

“All Christmas season you get tons of hours but in January it really drops off,” she said. “Sure, you don’t have to buy Christmas presents, but you still have to pay rent and food and a huge heat bill. It’s one of the coldest months of the year in Minnesota. So many people rely on public assistance because their employers aren’t paying enough.”

A graduate of the University of Minnesota with a degree in International Studies, Davunt shares an apartment with a fellow Walmart worker, and says they struggle to make ends meet on their unpredictable salaries. She recently took a second job as a political canvasser, but now that the election is over, she is having difficulty finding another employer willing to work around Walmart’s constantly changing hours.

This summer, Davunt fell behind on bills and had her car repossessed—without warning, and without the ability to collect her belongings from inside. Like millions of other US workers, she is also behind on her student loan payments. “I can’t get ahead and get my life on track if I’m constantly dealing with how I’m going to pay a certain bill or even get to work,” she said. “We can’t plan ahead. It’s a constant stress.”

A week from this Friday, Davunt will be one of thousands of Walmart workers across the country walking off the job to protest the company’s labor practices on the biggest shopping day of the year: Black Friday. A year ago, Davunt said she was too frightened to be the only one in her store to go on strike. But after participating in protests this summer, learning about her rights, and talking more with her coworkers, she and “quite a few” others in her store will be striking this year together.

Congressman George Miller (D-CA), who is sponsoring Warren’s bills in the House of Representatives, said at Tuesday’s briefing he hopes lawmakers will look at the positive impact of higher wages in places like his home state of California.

 

“This is about the simple dignity of the people you have hired to work,” he said. “When you have a higher minimum wage, fair scheduling and equal work for equal pay, the perception of the business goes up in the people’s mind, the customers go up and the revenues go up.”

 

BREAKING NEWS: Hundreds of employees of the US-based corporate conglomerate Walmart are protesting and sitting-in tonight in Pico RIvera, California | Deep Green Resistance


BREAKING NEWS: Hundreds of employees of the… | Deep Green Resistance.

To begin, you have to hit them where it hurts, which is usually the bottom line.  If you live in the UK, you shouldn’t shop at ASDA, which is owned by WalMart.  If anyone would like to help me organise a boycott, drop me a line.

BREAKING NEWS:  </p>
<p>Hundreds of employees of the US-based corporate conglomerate Walmart are protesting and sitting-in tonight in Pico RIvera, California - and riot police have arrived.  These employees are rising up and demanding the company stop punishing employees for trying to start a union for better pay and benefits (Walmart is well-known for extremely low wages and generally exploitative business practice towards its employees, unlike other stores like Costco and Wilco) - though mainstream news is not reporting it that way.</p>
<p>We must deprive the rich of their ability to steal from the poor.   The Culture of Resistance takes many forms - and solidarity is our greatest weapon.  The only language abusers understand is force. </p>
<p>Dismantle capitalism!</p>
<p>http://ift.tt/15Dit6r http://ift.tt/1GVfyun

Hundreds of employees of the US-based corporate conglomerate Walmart are protesting and sitting-in tonight in Pico Rivera, California – and riot police have arrived. These employees are rising up and demanding the company stop punishing employees for trying to start a union for better pay and benefits (Walmart is well-known for extremely low wages and generally exploitative business practice towards its employees, unlike other stores like Costco and Wilco) – though mainstream news is not reporting it that way.

We must deprive the rich of their ability to steal from the poor. The Culture of Resistance takes many forms – and solidarity is our greatest weapon. The only language abusers understand is force.

Dismantle capitalism!

http://ift.tt/15Dit6r http://ift.tt/1GVfyun

Walmart Fined $100 Million for Dumping Hazardous Chemicals Across U.S.


via Walmart Fined $100 Million for Dumping Hazardous Chemicals Across U.S. | Health.

Healthpathsforgotten:

iammyfather:

If you need another reason to not trust the corporate giant that is Walmart, we have one for you. The largest retailer in America somewhat recently agreed to pay a $110 million fine to settle a years-long investigation into toxic dumping at stores…And this will impact their $16 BILLION in dividends, HOW?

It won’t which is the point. It’s meant to get morons to say “see they’re doing the right thing and paying their dues” When in reality it’s much closer to someone with a billion dollars going around burning down houses, killing animals, and pouring acid in the local well then paying the judge off, the whole jury, both sides of lawyers, and a ticket for maybe 1% of the money they have, even though they’ve left people without homes, murdered beloved animals, and poisoned an entire population but “at least they handed over some of their fictional currency to other people who aren’t suffering the effects of their actions” which in this country means you’re A-ok to go back to burning shit down and destroying people’s lives.

Reblog for added commentary.

Source: oldparasitesingle

 

Here’s the whole story about how Sam Walton made his fortune…


The Satanic Capitalist | Here’s the whole story… click LIKE and SHARE to….

Here’s the whole story… click LIKE and SHARE to spread the word.
“Around the time that the young Sam Walton opened his first stores, John Kennedy redeemed a presidential campaign promise by persuading Congress to extend the minimum wage to retail workers, who had until then not been covered by the law. Congress granted an exclusion, however, to small businesses with annual sales beneath $1 million — a figure that in 1965 it lowered to $250,000.Walton was furious. The mechanization of agriculture had finally reached the backwaters of the Ozark Plateau, where he was opening one store after another. The men and women who had formerly worked on small farms suddenly found themselves redundant, and he could scoop them up for a song, as little as 50 cents an hour. Now the goddamn federal government was telling him he had to pay his workers the $1.15 hourly minimum. Walton’s response was to divide up his stores into individual companies whose revenues did not exceed the $250,000 threshold. Eventually, though, a federal court ruled that this was simply a scheme to avoid paying the minimum wage, and he was ordered to pay his workers the accumulated sums he owed them, plus a double-time penalty thrown in for good measure. Wal-Mart cut the checks, but Walton also summoned the employees at a major cluster of his stores to a meeting. ‘I’ll fire anyone who cashes the check,’ he told them.”

source: http://prospect.org/article/wal-marts-image-0