Wal-mart is handing out $2-billion to provide incentive for its employees to sell more. This is outrageous! I shop there. Why don’t they just lower prices instead of motivating their employees to bring more revenue into the company through cash incentives?
This is absurd. Is Congress passing a bill to tax these bonuses at a 90 percent or higher rate? Has Obama made a statement, “The buck stops here”?
By Nicole Maestri
CHICAGO (Reuters) – Wal-Mart Stores Inc is awarding approximately $2 billion to its U.S. hourly employees through financial incentives, including handing out $933.6 million in bonuses on Thursday, after the world's largest retailer gained market share amid a recession.
In a memo to Wal-Mart employees obtained by Reuters, Wal-Mart CEO Mike Duke said the retailer is awarding roughly $2 billion to U.S. hourly employees, which includes $933.6 million in bonuses, $788.8 million in profit sharing and 401(k) contributions, millions of dollars in merchandise discounts, and contributions to its employee stock