May 3, 2007
SAM'S CLUB (via Bryan Francoeur):
Wal-Mart: 2006 Employee Perks Topped $1B (Associated Press 05.03.07)
Wal-Mart Stores Inc. announced Thursday that it paid its hourly employees more than $1.1 billion in profit sharing, retirement accounts, discounts and other benefits last fiscal year.For the fiscal year ended Jan. 31, Wal-Mart (nyse: WMT - news - people ) paid $667 million in profit sharing and 401(k) contributions, $51.4 million toward the company's stock purchase plan, $397 million in discounted merchandise and $529.8 million in bonuses, the Bentonville-based company said.
Those benefits were paid to Wal-Mart's hourly employees, whom the company refers to as associates.
"Sam Walton strongly believed in making all associates partners in the success of our business and that commitment is as strong as ever today," said Linda Dillman, executive vice president of risk management, benefits and sustainability.
Meanwhile, the press, which is so critical of the evil giant, just keeps handing its employees pink slips.... Posted by Orrin Judd at May 3, 2007 8:28 PM
How many part-time employees are there? What is the hourly wage? What is the value of benefits per hour worked?
Whatever the wages and benefits are, they are better off than a nicely written pink slip from NYT. I wonder how many NYTimers are joining the associates. I wonder how many of them are qualified.
Posted by: ic at May 3, 2007 11:00 PM