Walmart U.S. CEO Bill Simon presented questionable data about employee wages. During the Goldman Sachs 2013 Annual Global Retailing Conference, Simon showed a slide, "It all starts with an opportunity." A bullet point says that 475,000 employees earn more than $25,000 per year (excluding benefits).
The trouble is that Walmart employs 1.3 million employees in the U.S. (2.2 million worldwide). That leaves 825,000 earning less than $25,000 a year. A Walmart representative clarified that only store employees (about 1 million) were considered for this point. Still, that leaves roughly half of them earning below $25,000 a year.
- The U.S. CEO seemed to walk into this controversy. How could it have been avoided?
- How, if at all, does Walmart's clarification affect your view of how the company pays its employees?