Friday, November 23, 2012
WAL MART - C-RAT Corporate Real American Terrorist 5
Barry, My Liege :
WAL MART earns its terrorist designation on Black Friday for the most prosaic of reasons : its business model minimizes costs by maximizing the external costs to the community and world at large in the name of higher Earnings Per Share.
In a study by the Center for Community Planning and Development at Hunter College and THE PUBLIC ADVOCATE FOR THE CITY OF NEW YORK, Bill de Blasio dated January 2010, WAL MART was found to be a poor corporate citizen and a danger to the Economic National Security of the United States of America. Here is the URL for the study : http://advocate.nyc.gov/files/Walmart.pdf
The study found that : " Wal-Mart’s formula for financial success includes: low-wage labor, limited health benefits, and leveraging of government subsidies.......Wal-Mart depresses area wages and labor benefits contributing to the current decline of good middle class jobs, pushes out more retail jobs than it creates, and results in more retail vacancies....Wal-Mart store openings kill three local jobs for every two they create by reducing retail employment by an average of 2.7 percent in every county they enter...Wal-Mart has thousands of associates who qualify for Medicaid and other publicly subsidized care, leaving taxpayers to foot the bill. For instance in Ohio Wal-Mart has more associates and associate dependents on Medicaid than any other employer, costing taxpayers $44.8 million in 2009...."
These alone are indictment enough but do not represent the entire negative impact on people.
Indicating their global spread, here's a quote from the WAL MART Watch 2005 Annual Report [available here - http://walmartwatch.com/wp-content/blogs.dir/2/files/pdf/2005-annual-report.pdf] :
"...In 2000, the National Labor Committee found workers at the Qin Shi Handbag Factory in Zhongshan, China earning 3 cents an hour working 14-hour shifts, 7 days a week, 30 days a month. Forty-six percent of the workers earned nothing at all and were actually in debt to the company. They were housed 16 to a room and subjected to physical and verbal abuse...."
The tragedy here is most of these practices are legal. The illegal practices are conducted through bribery.
My Liege, it is clear that continuing this business model will result in harm to the United States of America.
Please write a letter to one of the Board members, especially if you work at WAL MART as one of their 2.7 million associates - 1.4 million in the USA.
WAL MART BOARD OF DIRECTORS
Chairman of the Board of Directors
Aida M. Alvarez
Former Administrator of the U.S. Small Business Administration
James W. Breyer
Partner of Accel Partners; Founder and CEO of Breyer Capital
M. Michele Burns
Executive Director and CEO of the Retirement Policy Center sponsored by Marsh & McLennan Companies, Inc.
James I. Cash, Jr.
James E. Robison Emeritus Professor of Business Administration at Harvard Business School
Roger C. Corbett
Retired CEO and Group Managing Director of Woolworths Limited
Douglas N. Daft
Retired Chairman and CEO of the Coca-Cola Company
President and CEO, Wal-Mart Stores, Inc.
Timothy P. Flynn
Retired Chairman of KPMG International
Marissa A. Mayer
President and CEO of Yahoo!, Inc.
Gregory B. Penner
General Partner of Madrone Capital Partners
Steven S Reinemund
Dean of Business and Professor of Leadership and Strategy at Wake Forest University
H. Lee Scott, Jr.
Retired President and CEO of Walmart
Arne M. Sorenson
President and CEO of Marriott International, Inc.
Jim C. Walton
Chairman and CEO of Arvest Bank Group, Inc.
Christopher J. Williams
Chairman and CEO of The Williams Capital Group, L.P.
Linda S. Wolf
Former Chairman and CEO of Leo Burnett Worldwide, Inc. (“Leo Burnett”)
Write to each director at this address
Walmart Home Office
702 SW 8th Street
Bentonville, AR 72716-8611
Your faithful servant,