Archive for the 'Wall Street' Category

WHY IS AMAZON WORTH MORE THAN WALMART…?

Friday, July 31st, 2015

That’s a good question in my book. To me this question would be like an 18th century investor pondering the question of whether his money would be better placed with a Spanish slave trader or a Portuguese slave trader. From my point-of-view, if you have money to invest, put that money elsewhere entirely, but Ben […]

FECK…! AMAZON OUT WALMART’S WALMART…!

Friday, July 24th, 2015

For years I’ve told people I write about Walmart because, while the Bentonvile Behemoth is certainly not the only retail monster on the block, Walmart has been the biggest monster. No longer. The retail king has lost its crown. Amazon.com’s market value whizzed past that of Walmart in after-hours trading Thursday, as investors increased their […]

MOODY’S, YES THAT MOODY’S, LIKES WALMART…

Monday, July 13th, 2015

Hold onto your wallet, no, seriously, hold onto your wallet, credit rating agency Moody’s goes all counter-intuitive and likes Walmart. From The Motley Fool this morning: Wal-Mart Stores investors have had a tough year. Shares of the retail giant have fallen 15 percemt, sliding as the company’s turnaround initiatives have yet to generate momentum. The […]

THE BENTONVILLE-DOVER CONNECTION…

Saturday, April 4th, 2015

Talk about confusing. There are some Walmart stories that can be flat out mind numbing because the issues are cloudy, the participants obscure and the language downright impenetrable. Take the case of Walmart and Stuart Grant. A decision Tuesday by a federal judge in Texarkana, Arkansas, has left [Delaware shareholder lawyer Stuart Grant of Grant […]

WALMART V. TRINITY IS NOT ABOUT GUNS;
CORPORATE GOVERNANCE IS THE ISSUE…

Wednesday, March 25th, 2015

The reasoning runs something like this: Walmart, as the largest retailer in America, and the largest private-sector employer in much of the country, affects and influences the lives of millions of Americans daily. Change the way Walmart does business and you fundamentally affect the country as a whole. Numerous shareholders over the years have attempted […]

DID OURWALMART SCORE A VICTORY…?

Sunday, March 8th, 2015

Did OURWalmart bring the Bentonvile Behemoth around to raising employee wages? No. While the union organization certainly played a role, I think other factors, out of the control of the group, played much larger roles. That is not to diminish the good work the group continues to do, but I don’t think this is a […]

WHEN GOOD PEOPLE ABANDON SHIP…

Saturday, March 7th, 2015

After listening to Diane Rehm’s discussion on Friday, I had a new thought—for me, at least—about why Walmart decided to raise wages. For the past eight years, as a result of The Great Recession, Walmart has enjoyed access to a labor pool that prior to 2008 would have thought working at Walmart was the last […]

SPREADING THE GOAT ENTRAILS…

Friday, March 6th, 2015

Everyone, myself included, is reading the tea leaves on Walmart’s decision to raise base pay for half-a-million workers. Bloomberg Business reporter Dashiell Bennett thinks a better economy and a corresponding increase in jobs not so bad as working at Walmart lies at the core of the argument. I don’t. Last month, Walmart made headlines by […]

WHY NOW? IF NOT NOW, WHEN?

Thursday, March 5th, 2015

Fortune magazine writer Rick Wartzman compares trying to understand why Walmart decided to raise wages—a move that I know caused heads to explode on Wall Street—to the way Kremlinologist (an amateur role I played in the early ’80s) used to parse politburo decrees. He’s not far wrong. Wartzman writes: Perhaps because Wal-Mart is the nation’s […]

THE OTHER NEUTRALITY

Saturday, February 28th, 2015

One of the reasons I became disillusioned with President Barack Hussein Obama was that his campaign promise to push The Employee Free Choice Act, commonly known as Card Check, forward vaporized. I haven’t heard a peep about Card Check in eight years. Now, in the wake of Walmart’s wage-hike announcement, I came across Card Check […]

$9 AN HOUR LOOKS GOOD, FOR NOW…

Friday, February 27th, 2015

The first shock to the system economic has come from the announcement of increases in Walmart wages for some 40 percent of the U.S. workforce. We do all need to take a breath and remember that not a single paycheck has been bumped up as of yet. (I agree that to renege on this promise […]

MCMILLON ON WORKERS, PEOPLE AND CRITICS…

Friday, February 27th, 2015

Doug McMillon is only the third man to follow founder Sam Walton—David Glass, 1988-2000; Lee Scott, 2000-2009; Mike Duke 2009-2014—as CEO of Walmart. I barely know McMillon, but one employee wrote to me to say that McMillon is different. Perhaps his work on the loading dock of a Walmart 1984 will play a role. Here […]

HOW TO BUY SOCIAL CLOUT…

Wednesday, February 25th, 2015

When you own a publicly traded corporation, even when you own the majority of the shares and hence control the vote, minority stockholders can cause discomfort and embarrassment. Such is the case with Walmart. In addition to the matter of Trinity and gun sales, Walmart has a problem with Denise Nappier, Connecticut’s treasurer, because the […]

WHEN WALMART HANDS YOU LEMONS…

Wednesday, February 25th, 2015

There is plenty of speculation on how other users of minimum wage workers must react now that Walmart has upped the game in a panic to save the Bentonvile Behemoth’s cookies, but I have to applaud the way the National Federation of Independent Business—I’ve always thought the importance of any group is inversely proportional to […]

HOW THE RAISES MIGHT HAVE BEEN FINANCED…

Tuesday, February 24th, 2015

I referenced this 2013 study from Demos by Catherine Ruetschlin and Amy Traub last week, but now, as the fallout from the Bentonvile Behemoth’s 19 February announcement has spread a bit, I wanted to return to the report as a progressive way Walmart might have financed workers’ wages. The core of Ruetschlin’s and Traub’s argument […]