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Author: xtn Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 886273  
Subject: Re: WMT Workers Getting Spines for Xmas Date: 11/20/2012 8:59 AM
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The Waltons' wealth totals more than the bottom 40% of American families combined. Besides the totals above for family members, here's a stat that boggles my mind: in 2011, the Waltons sat on their privileged 1% butts and enjoyed $2.5 billion in stock dividends. Just dividends on shares with a 2.5% yield. And that 2.5% dividend yield by itself made the Waltons $2.45B richer.

WMT is our largest private employer with 1.5 million workers. With all the family's glitzy numbers above in mind, I've got an employee-centered, PR-restoring gesture to suggest. It's simple (and I admit, very far-fetched and improbable.) Grant each of the 1.5 million workers a $500 lump sum to cover 2013's increased premium costs--probably more than enough, and let each employee carry over any extra to 2014. This would cost the Waltons $75M and would be paid out of their sit-and-collect stock dividends only. Employees would be on Cloud 99, and the Waltons?? .003% poorer.


I agree that would be a nice gesture. If I were in their shoes I would strongly consider just such a move. But I think it's a horrid thing for anybody to expect it or feel entitled to it. The standards of behavior surrounding the possibility of a gift do not change just because the gift giver is wealthy.

xtn
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