Walmart - Issues facing Wal-Mart – and their CEO's interview on CBS with Katie
Posted by vega
Thu, 14 Sep 2006 02:09:48 GMT
After my last night’s article on the recent trend in retail shopping (Which one is better -Target or Wal-Mart?), I was anxious to see the Walt-Mart CEO’s interview on CBS. Well, there wasn’t anything earth shattering. Even though I don’t shop much at Wal-Mart anymore, I feel sorry for them – It is sad to see the politicians thumping on Wal-Mart so that they can get elected. This is a capitalistic country; the economy will take care of itself by punishing bad businesses and promoting good businesses. If Wal-Mart is wrongdoing with poor salary and healthcare benefits to their employees, then their customer service quality will fall and eventually their business will run its course like K-Mart. Have you visited K-Mart during and prior to their bankruptcy? I am not saying Wal-Mart will go bankrupt; their management is too smart for that.
From this article perspective, I care how Walt-Mart treats the customers more than their employees. In pure business sense, both customers and employees are magically intertwined. Without customers, there are no employees – basic capitalistic rule.
We don’t need politicians to tell whether a business is doing the right thing or not. Following are the common social issues that surmount Wal-Mart.
1. Poor Salary
2. Lack of health benefits – Huge number of their employee’s children are without healthcare. Some say about 40-50%, which is huge and has a big impact on our federal dollars – those children take a toll on Medicare/Medicaid.
Besides the above socio-economic issues, each week about 150 million consumers shop at Wal-Mart. Any way you look at it that’s a huge number, which shows how important Wal-Mart is to our society. I don’t ever want this company to drop-dead like K-Mart and En...
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