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Today's Nuze

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

I'M JUST SAYING ....

By
Neal Boortz
@ March 20, 2009 8:10 AM
Permalink | Comments (27) | TrackBacks (1)

Will there be any griping and moaning about the $2 billion WalMart has just awarded its employees? Probably not. And do you know why? Because that money went to hourly employees. And to wealth-envy Americans, these are the people that really deserve the bonuses. Not the people who manage those employees, or manage the payroll .. those people are evil. But the people who make sure that the video game isle is clear for the dumb masses .. it's okay to give those people bonuses.

On the other side .. Democrats just love to demonize WalMart because it doesn't have a unionized workforce. When the Democrats get their beloved card check bill passed, WalMart is going to be one of the first targets, if not THE first. Some rating agencies have already reduced the rating they give Wal-Mart on the expectation that Wall-Mart will be hurt badly by the Unionization by Intimidation bill. But if Democrats were really worried about workers rights and a living wage and proper benefits, then I'll bet they are just livid to hear that WalMart is awarding roughly $2 billion to hourly employees, which includes $933.6 million in bonuses, $788.8 million in profit sharing and 401(k) contributions, millions of dollars in merchandise discounts, and contributions to its employee stock purchase plan. That hideous corporation! Doesn't WalMart know that these Democrats are trying to make people MORE reliant on government?

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While Neal “is just saying”? Will there be any griping and moaning about the $2 billion WalMart has just awarded its employees? Probably not. And do you know why? Because that money went to hourly employees. And to wealth-envy Americans, th... Read More

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What others are saying

  • Walmart Bonuses
    I hopr Walmart made it clear to all of those who receieved bonuses and profit sharing that if a union is allowed to come into Walmart, all of these perks go away. Maybe that will cool their desire for a union.
  • To Brandon and Samantha
    I work for Wal-Mart (Sam's Club) too. You DID get a "bonus". The company contributions to your profit sharing and 401K account and matching funds for stock purchases are counted as "bonuses". The company gives them to you in addition to the wage you earn. The amount of the 401K and profit sharing depend on the profitability of the company as a whole. They also give other bonuses on a store by store basis based on increasing the profitability of the individual stores beyond a threshold, and also for accident cost reduction beyond a threshold. This is the only bonus that would show up on your paycheck (well the company stock purchase match does too). If you didn't get one of these bonuses, it means you and your co-workers need to work harder at making your store more profitable by making things safer, by serving your customers better, helping make incremental sales (selling someone buying a printer some paper, extra ink, a USB cable, etc) and just plain working harder period. I have gotten both of those bonuses several times in stores where everyone has good morale and a strong work ethic. It is all in your employee benefits book. Maybe you should try reading it. Wal-Mart is a great company to work for if you work hard and learn everything you can. As an example, Sam's Club just had an (evil, greedy) executive VP named Greg Johnston retire. He started with the company with little or no experience or training as the boy who pushes the carts in from the parking lot if I'm not mistaken, in the early 80's.

    Unlike what most of you are saying, I think this is EXACTLY the same as what AIG has done with paying out bonuses. Notice I said that everything is spelled out in the employee benefits book? That book represents a CONTRACT. If Wal-Mart didn't pay it according to the terms in the book, they can be sued for it. AIG, for better or worse, had a contract guaranteeing these bonuses, and LEGALLY HAVE TO PAY THEM, NO MATTER WHAT ANYONE THINKS ABOUT THEM! As Neal pointed out, in the state where AIG is incorporated, they have to pay DOUBLE plus court/attorney costs if they have to be sued for it. Say you owed someone $100. You could just pay them the $100, or you could let them sue you, knowing FOR SURE you would lose, and have to pay $200, plus another $100 court fees. $100 or $300. Which would you do? Sure, it leaves a bad taste in the mouth since we taxpayers gave them so much money, but they didn't have any choice or they would have been on the hook for a whole lot more than they paid. They just obviously need to make new rules for the bonuses, more like Wal-Mart has, for the next contract they make with these people.
  • Bully for the employees
    Neal,

    WalMart made profits and gave employees bonuses to boot...all without the benefit of a TAXPAYER BAILOUT.

    No envy here.
  • Jordan is right
    Just like Jordan pointed out Neal,
    Wal-Mart has not recieved TAXPAYER BAILOUT MONEY. Although beit a small inconvenient fact for you and important fact for those of us with FULL FUNCTIONING BRAIN STEMS.
  • bonuses
    im with you brandon gilman my husband and sister work at walmart one in ohio other in cali and neither of them receivd a bonus there was talk about it in january then they were told home office redid the math and found there wasnt enough . sooo what bonus are you talking about neal? last year yea they gave out a a few bonuses which heck yea i'd be mad just like when they gave my husband a dollr raise (to all janitorial staff then said thay could take it away at any time because they based it on the market wtf? oh well i cant complain as long as he has a job im happy
  • walmart
    Don't worry Neal, just as soon as the great unwashed doze off after listening to another AIG story, the media will move on to another target. Wal-Mart will always be a favored whipping boy for the leftist media. They just haven't quite figured out how to tie the two together yet.
  • Question
    How does card check work in "Right To Work States" I E the WHOLE SOUTH. I mean hasn't publix gone through the same thing when they went to GA??
  • Walmart Bonus
    Wait a minute. I work for Wal-mart, I have not received a bonus. We did get fancy new time clocks 0,o I wonder if I can get a bailout now.
  • You completely missed the point here
    Last I checked Wal-Mart hasn't received any billion dollar bailouts lately, and that's why nobody cares about this.

    I usually agree with you on matters of wealth envy but you're a bit too dogmatic about it.
  • I'm getting cynical...
    Did you hear about the HOAX text messages sent out warning Wal-Mart shoppers about upcoming gang initiation shootings at selected stores? Sounds like union harassment to me. It was very well organized.
  • Checking all cards!
    So one of the most frequent arguments against the card check bill is that it will be "unionization through intimidation".

    For some reason, people fail to make the connection that this requires all the good little union-hating conservatives to be spineless cowards who won't stand up in the face of this supposed intimidation. That they'll talk a whole lot of crap and gleefully vote down unions -- as long as nobody knows they did it.

    Sounds like the weak being afraid that they might be exposed. Scared to death that they might have to actually stand up for their lofty principles without the gated communities and bodyguards to protect them.
  • It's not the bonus people are made about!
    Boortz you are wrong about this issue! People are angry because the bailout happened in the first place. Additionally, they PO'd because the bailed out companies paid bonuses on the backs of the tax payer. Contrary to your bias beliefs, most people could care less about bonuses paid to exec's.
  • Card check
    What is the union organizers going to do if I don't sign a card ... flatten the tires on my "hoveround?"
  • I don't seem to recall....
    .......WalMart ever asking for a bailout.....but that unionized companies like GM/Chrysler/Ford are on death's door....can't be coincidental, can it?? That's why libs hate WalMart--it succeeds when unionized companies are failing. And Democrats just can't have companies making it on their own two feet, can they? It's just another tactic to keep everyone on the government teat, pure and simple.
  • Walmart Greaters
    Welcome to Wal-Mart. Get your sh** and get out!
  • Johnny - part 3 - cons
    Again, from Wikipedia

    Those who oppose card check argue it strips workers of their right to a secret ballot and that card check increases intimidation and pressure by union organizers, making card check an inaccurate mechanism for determining employee support for unionization. Many business organizations, including The U.S. Chamber of Commerce opposes the implementation of card check. From its website:
    "Under the existing law today, workers have a chance to vote for or against unionization in a private-ballot election that is federally supervised. Under Card Check, if more than 50% of workers at a facility sign a card, the government would have to certify the union, and a private ballot election would be prohibited--even if workers want one. By forcing workers to sign a card in public - instead of vote in private - card check opens the door to intimidation and coercion. Over 70% of voters agree that a private election is better than card check."

    Any other questions?
  • Johnny (part 2 - pros)
    from wikipedia:

    The current method for workers to win recognition of their union in the United States is a sign-up then an election process. In that, a petition or an authorization card with the signatures of at least 30% of the employees requesting a union is submitted to the National Labor Relations Board (NLRB), who then verifies and orders a secret ballot election. Two exceptions exist. If over 50% of the employees sign an authorization card requesting a union, the employer can voluntarily choose to waive the secret ballot election process and just recognize the union. The other exception is a last resort, which allows the NLRB to order an employer to recognize a union if over 50% have signed cards if the employer has engaged in unfair labor practices that make a fair election unlikely.
    Under the proposed Employee Free Choice Act (EFCA), if the NLRB verifies that over 50% of the employees signed authorization cards, the secret ballot election is bypassed and a union is automatically formed. Introduced in the U.S. Congress in 2005 and reintroduced in 2007 and 2009, the EFCA provides that the NLRB would recognize the union's role as the official bargaining representative if a majority of employees have authorized that representation via majority sign-up (card check), without requiring a secret ballot election.[1][2] Under The EFCA, if over 30% and less than 50% of employees sign a petition or authorization cards, the NLRB would still order a secret ballot election for union representation. In other words, the current threshold to have a secret ballot election is signatures from 30% of employees. The EFCA would keep that threshold, but make a new threshold of signatures from 50% + 1 of employees to bypass the secret ballot election and automatically be unionized. Therefore a petition signature would have the same weight as a "yes" vote in a secret ballot election.
  • More like justice-envy.
    Neal would love to believe that people don't cry out against Wal-Mart bonuses because they're paid to those lowly, filthy working-class peasants. Remember, Neal has tons of working-class spite, as he's the one who tells you you deserve to be fired if you don't come to work in the dark and leave in the dark (without regards to your performance) and then takes random Fridays off to go joyriding when he only works 4 hours a day anyway.

    Unfortunately for his failed analogy, that's not true. Nobody cares about Wal-Mart's bonuses because Wal-Mart isn't sucking from the government teat like AIG and all the other failed financial institutions. Wal-Mart isn't giving millions of dollars to failures who cost their companies billions, and funding it with taxpayer dollars.

    But that's okay, just keep pretending that it's unjust outrage against your precious executives who can do absolutely no wrong ever and are never responsible for the poor decisions they make, only for the good ones they make. Kind of like your last failure of a president.
  • Johnny
    Johnny - this is from the wikipedia article - it about sums it up:

    The current method for workers to win recognition of their union in the United States is a sign-up then an election process. In that, a petition or an authorization card with the signatures of at least 30% of the employees requesting a union is submitted to the National Labor Relations Board (NLRB), who then verifies and orders a secret ballot election. Two exceptions exist. If over 50% of the employees sign an authorization card requesting a union, the employer can voluntarily choose to waive the secret ballot election process and just recognize the union. The other exception is a last resort, which allows the NLRB to order an employer to recognize a union if over 50% have signed cards if the employer has engaged in unfair labor practices that make a fair election unlikely.
    Under the proposed Employee Free Choice Act (EFCA), if the NLRB verifies that over 50% of the employees signed authorization cards, the secret ballot election is bypassed and a union is automatically formed. Introduced in the U.S. Congress in 2005 and reintroduced in 2007 and 2009, the EFCA provides that the NLRB would recognize the union's role as the official bargaining representative if a majority of employees have authorized that representation via majority sign-up (card check), without requiring a secret ballot election.[1][2] Under The EFCA, if over 30% and less than 50% of employees sign a petition or authorization cards, the NLRB would still order a secret ballot election for union representation. In other words, the current threshold to have a secret ballot election is signatures from 30% of employees. The EFCA would keep that threshold, but make a new threshold of signatures from 50% + 1 of employees to bypass the secret ballot election and automatically be unionized. Therefore a petition signature would have the same weight as a "yes" vote in a secret ballot election.

    I'll post portions of the "pro" & "con" sections in separate comments
  • This is a little different
    First... I've never complained about the bonuses given to AIG employees. My beef has ALWAYS been with the reason they were able to receive their bonuses in the first place; AIG was given a welfare check instead of going to bankruptcy court.
    Now on to WalMart. Even though WalMart is not the best example of free-market capitalism, they haven't received a welfare check from the government. To be fair though, how many times has WalMart convinced local officials to use the power of eminent domain to take someones land so WalMart could put up a store. Just saying WalMart is not the best example of free market capitalism by a long shot!
  • Card Check
    Would somebody help me remember or point me to a link about the card check deal, what it is, why it is bad, good, etc.

    Thanks.
  • On Bonuses and Contracts - NONSENSE
    For those that keep complaining that we can't change the bonus contracts for AIG... I hope everyone is keeping up with the facts. Here's something in today's news:

    http://news.yahoo.com/s/ap/20090320/ap_on_go_co/dodd_on_thin_ice

    "After first denying it, Dodd admitted he agreed to a request by Treasury Department officials to dilute an executive bonus restriction in the big economic stimulus bill that Congress passed last month. The change to Dodd's amendment allowed AIG to hand out the bonuses and sparked a blame game between Dodd and Treasury Secretary Timothy Geithner."

    And all this time, we're told these were pre-existing contracts (which I'm sure is true) that should not be broken. Apparently, they were in question a few months ago behind the scenes.

    Let's keep the story staight and focus on ACCOUNTABILITY rather than executive brown nosing. Because in fact, the owners of AIG did switch hands.
  • Customer Service
    I wonder if we'll get better service after they get their money? They are some of the worst employees out there, sorry. Lazy, rude and in some stores just downright hateful. I've emailed corporate several times and someone always calls me back but never see any improvement. Their attitude alone makes me rather go to Target. They don't deserve bonuses anymore than the AIG execs did.
  • Wal-Mart is different
    To be fair, Wal-Mart hasn't been at the teat of the taxpayer recently, and they have been profiting nicely through this recession. Thats why no one cares about those bonuses... not because they are going to hourly employees. There were bonuses at my place of employment, a major tech company, even though our stock is down 50%, we didn't ask for any money and still remained profitable, so bonuses were paid out. No big deal. There's no need to make this into something it's not, Neal.
  • WalMart bonus
    Yes. This IS a good thing. Especially if it relates directly to the store's performance. The quickest way to improve morale and customer service is to show monetarily how quality makes a difference.
  • You missed the whole point
    No one cares about Wal Mart's bonuses because Wal Mart isn't in trouble nor is part of causing the mess in Wallstreet. It has nothing to do with who get's what. Wal Mart is paying bonuses because they make good decisions.

    Wealth Envy? Sounds like Boortz has a case of Working Class Envy to me.

    Do people here know why Sam of IBM makes 20 million a year? Because in light of the economic times, IBM stock is priced right, dividends paid, and revenue/guidance is UP! Give Sam a bonus! He's one of the few that earned it.
  • Walmart and unions
    Nothing in any law can make you take a union. It's easy. You sign up, you're fired.
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