Walmart plumbing?

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snipped-for-privacy@slp53.sl.home (Scott Lurndal) writes:

Agreed, the amount of money they made is their net income.
But, if they paid out additional money in salaries, that number would be in cost of sales. So, taxes would be reduced, and logically, dividends would be reduced too.
So, it would be most logical to compare the additional salaries paid out vs. operating income or 27B.
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Dan Espen

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wrote:

Folks keep forgetting that the CEO works for the stock holder and his bonus is based on stock performance.
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On Fri, 01 May 2015 14:13:27 -0500, Vic Smith

Gross is $127m on that link. not the whole story and Wiki invest even says so if you read down a little.
Their operating income is more like $27m and net income is $16m. Which number do you believe. That is not really much on a half a trillion dollar operation with over 2 million employees. A good chunk of that gets shared with the stockholders, some of whom are Walmart workers.
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snipped-for-privacy@aol.com writes:

$27B - you missed three orders of magnitude, which is respectable.

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On Sun, 03 May 2015 15:19:14 GMT, snipped-for-privacy@slp53.sl.home (Scott Lurndal) wrote:

Yup those millions, billions and trillions seem to all blur together in a country with a $13 trillion bar tab. But it is not 138B and that was the point
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On Fri, 01 May 2015 12:24:59 -0500, Vic Smith

If they raised the overall salaries by another $3 they could still get food stamps, what's your point? All raising the bottom tier of wages does is raise what the government calls the poverty level and about the same number of people will get government assistance. Walmart is just the whipping boy for that fact that we have a significant number of people in the work force without the skills to get a decent job. Paying them more for menial tasks is not helping anything. It is only inflationary, pushing up the cost of living, particularly at the low end and putting you right back where you started. Bob whizzed out Henry Ford and the white washed story that it was his altruism that made him raise salaries. The fact is he did it to reduce turnover and retain skilled workers. These minimum wage jobs are not paying for skilled workers.
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On Fri, 01 May 2015 14:11:25 -0400, snipped-for-privacy@aol.com wrote:

Not true. An extra $6 would get many kicked. So will $4k. There are eligibility limits for food stamps.

"Skilled workers." Those were menial tasks. There will always be "unskilled workers." You have to decide if they will get a living wage or be on the dole. Pick your poison.
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On Fri, 01 May 2015 14:10:29 -0500, Vic Smith

You would then have the drones shuffling around Walmart who can't even point to the tire department making more than some skilled trades.

The line job at Ford was still something that took a few weeks or even months to learn. All the "line" did was keep that from being a craftsman who had years of training. Along with those menial jobs they still had a number of highly skilled workers like welders and machinists.
You can't compare that to a modern day retail person who doesn't even have to know how to count out your change. (watch what happens if the registers are down)
You can wax on about how wonderful it would be if everyone made $16 an hour for just showing up but at the end of the day, their labor needs to pay for itself or the company can't afford to hire them. Unfortunately the consumer has spoken. They are not willing to pay the price for competent service so we end up with places like walmart. It is only going to get worse and walmart is just the canary in the mine.
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like 60-70% of the money comes from non-cash sources specifically stock options. That doesn't translate to actual money for pay roll. Indeed most of the compensation comes from the shareholders (through dilution of shares, etc.) as opposed to out of the cash register. Three years ago I was talking about McD's and looked at their proxy and if you took away EVERY penny of actual cash compensation from those listed in the report, you could give every employee in the organization a 50 cent bonus. So keep it money to actual money.
>

His actual money was only around $4 million (1.2 in salary and $2.8 in cash incentives) the rest came from the stockholders. (BTW: That $19 million was down $6 million from the year before) If you took the cash part of the compensation, you could give the 1 million or do employees a one-time bonus of a whopping $4.00.

year. A couple years ago there was a big hooha over the big raises at McD's. All of that was because McD's happen to do good enough that year that the bonuses (again about 7 0% stock-relate) to be triggered. They had gotten ZIP, nothin', nada except salaries for the four years before. Look through the 10-Ks and you will see many are set up that way.
The compensation packages just keep growing because companies

Actually they keep going because Congress (in its infinite wisdom and in a flurry of bipartisanship include unanimous or nearly so votes in both Houses) changed the laws in the mid- 80s. The really funny part is that they changes were brought about because they were concerned with what they then viewed as overly paid executives. In order to fight this Evil, they effectively capped executive salary (what they are paid to actually run the company) by making nothing more than $1 million deductible. (If you look at the proxy filings for most publicly held companies, a large %age of them still top actual salaries at that point). Then, in an attempt to "align the interests of the shareholders and the executives", tax-favored performance based things such as stock options, etc. So, instead of paying someone for actually running the company, they paid them to run the books. I don't think it was coincidence that first book-cooking scandal took place within the next two years after passage. Over the long haul, all sorts of things occurred. In no apparent order of importance: 1). Executive pay rose substantially (although interestingly enough if you look at many of the indicators they rise and fall with the stock) and execs were paid orders of magnitude more than even the most captive board would have had the balls to pay them before. 2)> The concentration of wealth starts the spike around the same time. 3). The marker people like to point to, ratio between exec pay and the average on the shop floor, ballooned. After bouncing around 30X or so during the 60s, 70s, and early 80s, it took off cresting north of 300x before falling back with the stock market and then back up with the stock market So to those clamoring for Congressional action I point to the above and suggest they be damn careful what they wish for.

are so wrong.

Again only about 20% -30% of that is actual cash that could be divided up.

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wall mart normally remodels stores while they are open. they just wall off a area and do the remodeling
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