Walmart offers bonus program to about 700,000 hourly US store workers – Reuters
“Walmart employs about 1.6 million U.S. workers, a majority of whom staff its 4,700 Walmart stores. ‘Walmart workers fall dramatically short of a living wage… and it fails to address the economic damage’ that entails, said a representative of The Shareholder Commons, an activist investor group acting on behalf of the filers of the proposal: Legal & General Investment Management America and a co-filer. The proposal also noted that Walmart’s CEO, Doug McMillon, makes 933 times more than the company’s median employee.
“Walmart said the bonus plan for associates rewards both performance and long-term employees. The company pays a minimum hourly wage that starts from $14, less than the $15 starting wage at Amazon.com and Target.”