Posts filed under “Corporate Management”

Wal-Mart’s Pay Raises Are Paying Dividends

I have been writing critiques of Wal-Mart’s wages and employment policies for years (see “How Wal-Mart Became A Welfare Queen” and “Wal-Mart’s Minimum Wage Breakdown“). Today, I break with tradition and offer up some positive perspectives on the retail giant’s recent actions.

A brief history of Wal-Mart and its enormous retail staff is telling. The company’s 2.2 million employees make it the world’s biggest private employer. It also is one of the largest employers in the U.S., with 1.3 million workers in 4,540 stores.

Wal-Mart has historically given shabby treatment to its huge workforce. As we noted recently, labor was seen as a cost rather than a driver of sales. Wal-Mart never seemed to think of its associates as human capital, just a cost. Beyond low wages, there was a history of forcing full-time employees to work part time to minimize even the meager benefits the company offered.

But financial success trumped philosophical enlightenment, and for most of Wal-Mart’s history the way it treated employees didn’t hurt results very much. Wal-Mart became the world’s biggest company byrevenue and it ranks among the 20 most profitable.

What we also know is that the way Wal-Mart treated employees was a major reason that turnover was very high compared with the rest of the retail industry.

Continues here: Wal-Mart Learns to Live Without Everyday Poverty Wages


Category: Corporate Management, Retail, Wages & Income

Top 25 CEOs (as rated by Employees)

There is an interesting article over at Bloomberg looking at CEO ranking by employees:   click for complete list Source: Bloomberg

Category: Corporate Management, Digital Media

What the Top 50 CEOs Do on Social Media

Source: MarketWatch

Category: Corporate Management, Technology

The Slowly Disappearing Commission

Source: Wealth Management

Category: Corporate Management, Finance

The Delusional Dick Fuld

Richard Fuld, the former chief executive officer of Lehman Brothers, is the Shaggy of finance. On the cause of the financial crisis and the collapse of Lehman Brothers, his claim is, “It wasn’t me.” Seven years after he drove the 158-year old firm he ran with an iron fist into bankruptcy, he has reappeared to…Read More

Category: Bailout Nation, Bailouts, Corporate Management, Crony Capitalists, Legal, Really, really bad calls

Vanguard CEO: “We want to drive costs even lower”

“We are not done on the cost side . . . We think we need to keep raising the bar on that.” So says Bill McNabb, CEO and Chairman of the Vanguard Group. The firm, managing over $3.1 trillion dollars in client monies, has long been known for its obsessive focus on keeping costs low….Read More

Category: Corporate Management, Investing, Podcast, Valuation

CEO Compensation is Broken

Executive compensation is in the news again as the Securities and Exchange Commission gets ready to issue new guidelines on pay disclosures. As mandated by the Dodd-Frank Act, the new rules are supposed to provide “greater transparency and allow shareholders to be better informed” about executive and director compensation. Transparency is certainly a good first step. But…Read More

Category: Corporate Management, Really, really bad calls, Wages & Income

Pre-Crisis Financial Company CEO Compensation

Since CEO compensation is back in the news, I thought we might want to revisit this collection of excess via Bailout Nation: Pre-Crisis Financial Company CEO Compensation • Lehman Brothers Chairman and CEO Richard Fuld Jr. made $34 million in 2007. Fuld also made nearly a half-billion—$490 million—from selling Lehman stock in the years before Lehman…Read More

Category: Bailout Nation, Corporate Management, Really, really bad calls, Wages & Income

Warren Buffett Buys the World A Coke

You just want to give the guy a hug!


Source: Fortune

Category: Corporate Management, Humor, Video

Job Skills Companies Want But Can’t Get

Click for the full report. Source: Bloomberg From Bloomberg: Business schools are supposed to produce graduates who have the abilities companies need most. But corporate recruiters say some highly sought-after skills are in short supply among newly minted MBAs. As part of our ranking of 122 top business programs, Bloomberg surveyed 1,320 job recruiters at…Read More

Category: Corporate Management, Employment