Walmart spent $35.3B on stock buybacks from 2019 to 2024, enough to give each of its 2.2M employees annual bonuses of $2,719.
Last year, Walmart CEO Doug McMillon pocketed $27.4M — 930x the company's median employee pay of just $29,469.
Textbook corporate greed.
Yeah, but what are you going to do. People still keep giving them money hand over fist no matter how they treat their employees or how little they pay them. They have put themselves in a position to control people's spending in many cases where they're the only store in a reasonable distance.
Exactly, 👍🏼 this isn’t just consumer ‘choice.’ It’s manufactured scarcity. When one company dominates the local economy, people aren’t shopping, they’re captive
And their prices are expensive!! Where I live, shoppers are getting smart and shopping at Winco(an employee owned store where you bag your own groceries) or to Aldis.
