Michael Terry Duke President and CEO, Walmart Stores, Inc. Walmart Home Office 702 SW 8th Street Bentonville, Arkansas 72716-8611 July 15, 2013 Dear Mr. Duke, In early June, the Wall Street Journal reported that Walmart had announced at its annual shareholder meeting a plan to buy back $15 billion of its stock. Bloomberg reported recently […]
Category Archives: Press
Nader Urges Walmart to Spend $15 Billion Stock Buyback on Raising Its Employees’ Wages, Instead of Enriching Its Shareholders
If Walmart Used Money It Has Set Aside for Stock Buyback on Workers, Each Walmart Employee in the U.S. Could Receive a $7,000 Annual Raise and Bring Home At Least $10.50 Per Hour For more information contact: Ralph Nader or Jeff Musto July 15, 2013 On Monday, Ralph Nader sent a letter to Walmart President […]
Wal-Mart calls D.C. Council’s ‘living wage’ bill a bait-and-switch tactic : The Washington Post
Over more than a decade, three D.C. mayors flew around the country, sweet-talking Wal-Mart executives, trying to lure the nation’s largest retailer to the District with delectable data about the city’s demographic transformation. Read more
Raising the Minimum Wage: Will it Help? : Brookings
Acting Secretary of Labor Seth Harris has been making the rounds to promote the Obama Administration’s plan for raising the minimum wage from $7 to $9. In a new paper that compares strategies to improve the earnings of low-income households, we find that increasing the minimum wage would go a long way to help those […]
Sen. Elizabeth Warren and Dr. Michael Reich set the record straight on the minimum wage (Video)
Labor secretary urges minimum wage hike : The Hill
The acting secretary of labor wants Congress to raise the federal minimum wage. Higher wages will cycle back into the economy, acting Secretary Seth Harris said on Tuesday, and pay levels that keep pace with inflation will take the politics out of the debate. “When working families have more money in their pockets, they pump […]