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Walmart’s CEO Caves to
Socialist Bernie Sanders

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Posted By: RockyTCB, 6/7/2019 5:53:47 AM

When Bernie Sanders crashed Walmart’s shareholder meeting Wednesday and lectured executives on how they should run their business, CEO Doug McMillon should have laughed him out of the room for his ill-informed claims and for pushing a minimum wage hike that would hurt the very people it’s supposed to help. Instead, McMillon waved the white flag. He told the company’s owners that the current federal minimum wage is “too low” and that “it’s time for Congress to put a thoughtful plan in place to increase the minimum wage.” Let’s look at what Sanders claimed in his remarks.

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Reply 1 - Posted by: ZeldaFitzg 6/7/2019 6:03:17 AM (No. 92451)
Follow the money. Who bribed or blackmailed the CEO?
5 people like this.

Reply 2 - Posted by: F15 Gork 6/7/2019 6:36:29 AM (No. 92466)
Another gutless wonder - must be a Republican....
6 people like this.

Reply 3 - Posted by: rinohunter 6/7/2019 7:08:41 AM (No. 92495)
As a stock holder can I request that Doug McMillion be fired immediately for incompetence? He's obviously too stupid to run a company like Walmart. And if the wage hike goes into effect....hello more self-scanning checkouts (which I thoroughly enjoy would not mind one bit) and fewer floor walkers - merely shelf stockers.
6 people like this.

Reply 4 - Posted by: chance_232 6/7/2019 7:13:06 AM (No. 92500)
He's not going to raise wages because the reduces Walmart's competitiveness. By having Congress increase the minimum wage, the playing is more level for large employers. Small businesses however, will be sacrificed.
5 people like this.

Reply 5 - Posted by: Clinger 6/7/2019 8:18:56 AM (No. 92561)
Sure so you can then raise prices to that the less well off won't even be able to afford cheap Chinese crap.
2 people like this.

Reply 6 - Posted by: philsner 6/7/2019 8:24:56 AM (No. 92566)
Wal-Mart is in decline.It seems inevitable since Sam Walton is no longer there driving it. One of these days it will go the way of S.S Kreske, K-Mart, Sears, and Western Auto.
5 people like this.

Reply 7 - Posted by: Strike3 6/7/2019 9:19:29 AM (No. 92609)
Can't anybody do math any more? Raise the minimum wage, everything else must be raised and the bottom of the barrel goes back to the bottom of the barrel. It's nothing but a democrat smoke and mirrors campaign trick.
3 people like this.

Reply 8 - Posted by: padiva 6/7/2019 9:30:58 AM (No. 92625)
Duh! Raise the wages at Walmart. Attract good employees from other places. Think strategy for Walmart. That's YOUR job.
1 person likes this.

Reply 9 - Posted by: mc squared 6/7/2019 9:49:00 AM (No. 92650)
But a small increase in the tariff on Mexican products would be devastating. Walmart is everyone's whipping boy.
2 people like this.

Reply 10 - Posted by: Captleemo 6/7/2019 10:50:08 AM (No. 92690)
The CEO should have told Sanders that Walmart got generic prescriptions down to four dollars. Why couldn't Bernie have done that.
1 person likes this.

Reply 11 - Posted by: unagator 6/7/2019 11:19:09 AM (No. 92712)
He's not caving. Walmart is rushing ahead to replace workers with robots and other automation while smaller competitors will get stuck with the tab of a higher minimum wage.
1 person likes this.

Reply 12 - Posted by: Smart11344 6/7/2019 1:23:37 PM (No. 92795)
I recall when Walmart only sold products made in America. I don't know what is made in America anymore. Besides looking at calorie count on things I eat, I look for the country of origin. If it is "distributed by "blah, blad, blah," I assume it was made in China and packaged in America.
1 person likes this.

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