Message To Wal-mart – Greed Kills

By: wearywanderer64

Dec 01 2012

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According to the Huffington post, Wal-Mart, America’s largest private employer, will deny health insurance to newly hired employees who work fewer than 30 hours a week. The question is why does a company which is  the largest grocery retailer in the United States, generating 51% of its US$258 billion sales in the U.S. from grocery business, need to be so greedy.

The crisis? Doubtful since for the fiscal year ending January 31, 2011, Wal-Mart reported a net income of $15.4 billion on $422 billion of revenue with a 24.7% gross profit margin. The corporation’s international operations accounted for $109.2 billion, or 26.1%, of total sales. It is the world’s 18th largest public corporation, according to the Forbes Global 2000 list, and the largest public corporation when ranked by revenue.

Head-spinning statistics.

The question rises again. Why is the companies like Wal-Mart so greedy? Perhaps the answer lies in the corporate greed system that has infested business since the Reagan era. On August 3, 1981, 13 000 of the 17, 500 members of the Professional Air Traffic Controllers Organisation (PATCO) walked off the job, hoping that the federal government would accede to its demands for higher wages, a shorter working week, and better retirement benefits. Over 11000 of them were sacked. 

Since then, airline pilots, once a glamorous job, have seen their salaries reduced to such an extent that many work two jobs which makes them sleepy.

Results from a major study conducted by the National Sleep Foundation suggest airline pilots are some of the sleepiest transportation workers in the country, along with train operators. One in four pilots and train operators surveyed for the study admitted that sleepiness has affected their job performance at least once a week, compared to about 17 percent of non-transportation workers.

And a significant number of pilots and train operators say that sleepiness has caused safety problems on the job. Of the pilots surveyed, 20 percent admitted that they have made a serious error because of sleepiness. About 18 percent of train operators — either an engineer or conductor — likewise reported they’ve had a “near miss” due to sleepiness.

Pilot fatigue has become an increasingly hot topic. It is believed to be behind some recent tragic air crashes, including one in 2009 near Buffalo, N.Y., involving a regional jet flown by two tired pilots. The accident killed 49 people on board and one on the ground.
Message to Wal-Mart – greed kills.

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