The Mudcat Café TM
Thread #119596 Message #2595501
Posted By: PoppaGator
23-Mar-09 - 03:06 PM
Thread Name: BS: Wal-Mart to award bonuses
Subject: RE: BS: Wal-Mart to award bonuses
Where's the outrage? Nowhere! No reason to be outraged...
Multimillion dollar bonuses to overpaid individuals who created the economic crisis in the first place (or at least were major contributors to the financial insantiy) ARE a reason to be outraged ~ especially when said bonuses are paid out by companies recently "bailed out" with taxpayer dollars. And (incidentally, in the case of AIG) when many of the payees are (a) foreign nationals and/or (b) former employees who do not "need to be retained," and therefore who do not qualify for one of the major rationalizations for the payouts.
You may dislike WalMart for union-busting and for squeezing out smaller local merchants, but they provide consumers with lots of goods at low prices, and provide workers with many jobs which, while mostly quite low-paying, do provide better benefit packages than most other positions in that pay-range.
Those billions in bonuses are being split up among hundreds of thousands of workers of modest means, and are an eminently fair method for adjusting the compensation of a huge number of low-profile workers whose labors have contributed to the company's success.
Good for WalMart!
PS ~ I have a chronic medical condition that requires daily medication. WalMart gives me the best currently-available deal: $4 for a month's worth of my (generic) prescription. Can't get this treatment from the government (at least not yet), and CERTAINLY not from any HMO, insurance company, etc.