Walmart's CEO makes 1,118 times more than the company's employees

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  • LOU Montana Pueblo, CO
    June 2, 2018 3:24 p.m.

    GOP success model:
    1. Low wages.
    2. Short them on hours.
    3. No benefits.
    4. Keep employees at poverty level and they're forced to get government benefits.
    5. Complain about tax breaks.

  • worf McAllen, TX
    June 2, 2018 12:02 p.m.

    Should Michael Jordon make 1,118 times more than a janitor?

    Should Brad Pitt make 1,118 times more than a fast food worker?

    Sorry! But people make what they are worth. Just the way it is.

  • Nan BW ELder, CO
    June 1, 2018 8:40 p.m.

    I don't shop at Walmart so I am not really qualified to comment. However, I do think that the CEO should prefer to make less money than he is "earning." I have a hard time seeing how his skills can be that much greater than many other employees that have the decision making responsibilities in the stores. That are "in the trenches" and should have greater compensation for doing so.

  • Andres Albuquerque, NM
    June 1, 2018 6:49 p.m.

    Ok. That means Walmart's CEO is making $9.91 per year, per employee. Or, 1/2 of ONE-THOUSANDTH of a percent.
    If a CEO isn't making decisions worth a thousandth of an employee's annual pay, it's time to get a new one.

  • ST Layton, UT
    June 1, 2018 3:54 p.m.

    So ?

    It is called the Free Market ...
    and it's better than Socialism ...

  • Traveller Farmington, UT
    June 1, 2018 1:19 p.m.

    Mike Rowe has been highlighting the jobs that don't require a college degree for some time now, and there is a definite shortage of skilled tradesmen - plumbers, electricians, carpenters. Those jobs haven't been sent oversees or replaced by robots. You might need to go to a trade school or have an apprenticeship, but they don't require college and they certainly beat Walmart or fast food.

  • Millenial Snow Sandy, UT
    June 1, 2018 11:57 a.m.

    The real issue is that all of the jobs that were high paying and required only a high school diploma are all gone. Either to other countries with lower labor costs or to robotics.

    So we are left with service jobs - low paying and low skill - and all of the people who didn't go to college (and some that did!) are trying to support their families on this.

    Combine that with rising housing costs and our crazy medical system in the US where you pay more for less and you get a lot of angry people.

    Bring on the pitchforks folks! It's going to get worse before it gets better.

  • SMcloud Sandy, UT
    June 1, 2018 11:53 a.m.

    Workers wages have been stagnant since the 70s, while everything else: housing, childcare, medical care and university has skyrocketed.

    Working at Walmart shouldn't be a cushy job, but when you are working full time and they are teaching their employees how to apply for food stamps there is something wrong with the system.

  • worf McAllen, TX
    June 1, 2018 10:02 a.m.

    In a high school you have honor roll students and those who fail.

    Crazy! Should students with low grades blame the others for their situation?

  • Jill B. Riverton, UT
    June 1, 2018 9:50 a.m.

    And how much does CNN’s CEO make? And what is the median pay for CNN employees? (My husband wondered this first.)

  • Traveller Farmington, UT
    June 1, 2018 9:20 a.m.

    How is it our place to judge what anyone is making as "obscene"? If the board and company managers feel he adds that much value then why not pay him what he asks and what they obviously can afford? Big companies are about making money. If they didn't think paying that CEO's salary adds value and makes them money they wouldn't be doing it.

    If you don't like your checker job at Walmart, go to night school. Get some education and get a better job that pays more and has better hours. Rather than demanding more pay for the same largely unskilled job, go get some skills and make things better for yourself.
    There are plenty of people in the same circumstances you are who do better mostly because they decided to, and then made the necessary sacrifices to do so.

  • FT salt lake city, UT
    June 1, 2018 9:11 a.m.

    Conservatives defend the right for this CEO and others to make as much as they can but don't defend the right of workers to strike to make as much as they can. Double standard?

  • Husker2 Apache Junction, AZ
    June 1, 2018 9:10 a.m.

    I wish the Walmart CEO would give up enough of his pay for the Walmart in Saratoga Springs to hire a few more cashiers. In fact, maybe he could give up $10 million so stores around the country could be better staffed and provide better customer service. I realize that would only leave him with $12 million a year, but I'm sure he could survive if he clips coupons and takes advantage of all those great deals at Walmart.

  • pragmatistferlife Salt Lake City, UT
    June 1, 2018 8:01 a.m.

    Marxist.."At some point the major political parties have to discuss distribution, else the system will morph into something very different from what we know. "..or have ever known.

    No one here has ever said that a checker should make the same amount as a CEO. What is the correct difference? Why should the difference be over one thousand times more?

    History has given us the answer...because they can. In 1965 (the good old days) CEOs averaged 20 times more in salary than the average worker. Now the average is 300 times more and Walmart is obscene.

    All that has happened here is a power shift (for a lot of reasons).

    It's disheartening to read the anti Marxist babble here when the issues at hand have virtually nothing to do with Marxism except his analysis all the while supporting a form of near genocidal capitalism that leaves millions unable to support themselves and a small percentage with nearly everything.

    Explain the moral difference between your hated communism that leaves millions starving and a capitalist system that does the same for no good reason other than "they can".

  • utahute69 Laguna Niguel, CA
    May 31, 2018 10:57 p.m.

    @Marxist You say the difference between the wages of labor and the salaries of the top executives, in the US, is the widest by far. No, the income differences between the Marxist Communist States in places like North Korea are far greater than the US. If you want to see the real elitist in this world, check out those countries that practice the politics of Marx and benefit most from the ultimate socialist economy. Marxism and Utopian Socialism has never proven to be anything other than a theory that has never worked as anticipated other than for those elitist socialist that control the military and police.

  • let's roll LEHI, UT
    May 31, 2018 10:38 p.m.

    Since he’s perceived as being responsible for all 2.3 million employees, his compensation sounds about right.

  • worf McAllen, TX
    May 31, 2018 10:29 p.m.

    LeBron James will make much more money than a burger flipper.

    Yet his skill has created income for the city, employer, and many workers in the organization. Plus more!

    Yep! Walmart's CEO has also been beneficial for many people.

    Don't allow the main stream media to promote bitterness and envy over this.

  • NoNamesAccepted St. George, UT
    May 31, 2018 10:27 p.m.

    @marxist: "From not compensating living labor for all the value it adds - surplus value."

    1-Maxists and other covetous types always fail to recognize the value of labor above the menial level. The CEO labors mentally.

    2-Organization provides value. A friend is a "painting broker". He doesn't actually paint houses but connects clients who need painting done with painters. He also handles billing and payments. Many painters seek him out because they don't want to deal with finding clients or handing billing. The broker's profits come from added value. The painters freely agree he adds value. No one is exploited.

    "Marx thought that capitalism would eventually need much less labor leading to mass unemployment and collapsed profits"

    He also thought that marxism would bring peace and harmony. Instead, it brought 100 Million murders and countless more tortures and suffering for 100 years. Automation has increased profits and unemployment is caused by lack of skills, not by automation.

    The most surprising thing about marxism is that after 100 years of failure and incalculable suffering, there are still those who defend it as anything other than failed theory.

  • Fullypresent Salt Lake City, UT
    May 31, 2018 8:14 p.m.

    There is always going to be a significant gap between the front line employee and the CEO given the difference in their skills and responsibilities. But, these days the gap is ridiculous. Walmart is a prime example. People at the bottom have to decide if they want to remain there all their lives. People at the top could certainly be a lot less gredy than they are.

  • Mark from Montana Davis County, UT
    May 31, 2018 7:39 p.m.

    Glad those tax cuts are working. Boy are they really helping the average Joe make ends meet.

  • marxist Salt Lake City, UT
    May 31, 2018 7:36 p.m.

    Economic theory aside, the distance between employee wages and corporate CEO salaries is largest in the U.S. by far. Why? Because corporate governance is different in other parts of the world. Consider Germany:

    There employee representatives have a right to seats on the boards of directors of larger companies – one-third in companies with 500 to 2,000 employees, half in companies with more than 2,000.

    This puts a break on CEO pay, appropriately. And BTW, labor has something to contribute to management.

    But in the U.S. as far as corporate CEO's are concerned no amount of compensation is enough.

  • marxist Salt Lake City, UT
    May 31, 2018 7:05 p.m.

    @NoNamesAccepted "The automation revolution is proving the folly of Marx's misguided theories. If profits come primarily from robbing employees of their "surplus value" then how does a fully automated McDonalds function? Why do profits at Walmart go up when they hire fewer cashiers to exploit and instead let customers check themselves out? Are we now robbing robots of their "surplus value?"

    Marx accepts Smith's assertion that in optimal product markets things exchange at full value. This means equivalents are exchanged so there is no profit in product exchange itself. So where do profits come from? From not compensating living labor for all the value it adds - surplus value.

    As for automation, in the case of Walmart letting customers check themselves out places them in competition with the regular checkers. These hapless souls then work all the harder - increased intensity - meaning they make up for the loss of surplus value of the laid off checkers. Moreover the surviving checkers are much more cowed in asking for pay raises.

    Marx thought that capitalism would eventually need much less labor leading to mass unemployment and collapsed profits - the END.

  • NotSoNaive Lehi, UT
    May 31, 2018 5:42 p.m.

    I congratulate him and not envious of him either.

  • utahute69 Laguna Niguel, CA
    May 31, 2018 5:36 p.m.

    Right and the CEO makes the final decisions on the corporation's current profitability and taking the right steps to prepare for an uncertain future where standard brick and mortar retailers will either survive and prosper or fail with a certain death. Making the right decisions are only the beginning and then he has to manage the process of making the course changes, as necessary, to get the ship to port. Sounds easy. If was easy, corporate America wouldn't be paying the big bucks to hire a CEO and the high paid professionals that makeup the management team. Anyone that believes managing a corporation like Wal-Mart is simple or can be done with the average business background and intelligence is delusional. BTW, if the CEO doesn't make it work, all those employees will be unemployed unless they can do something other than bag sold merchandise.

  • NoNamesAccepted St. George, UT
    May 31, 2018 5:28 p.m.

    @Marxist: "Walmart harvests huge amounts of surplus value from its employees, and such is the main source of their profits. "

    And would this supposed "surplus" exist if Walmart were not employing people? What value does a cashier, stocker, or custodian have if there is no business with a need to operate cash registers, to stock shelves, or to keep clean?

    The automation revolution is proving the folly of Marx's misguided theories. If profits come primarily from robbing employees of their "surplus value" then how does a fully automated McDonalds function? Why do profits at Walmart go up when they hire fewer cashiers to exploit and instead let customers check themselves out? Are we now robbing robots of their "surplus value?"

    That single question puts the lie to Marx and silliness of those who continue to push his failed theories.

    Profits come from adding value. And most of that value is in organizing what would otherwise be chaos. Hiring, training, and properly scheduling staff adds value that 100 random works do not possess themselves. Bringing 1000 products under one roof adds value.

    Anyone can live communitarianism in this nation. It is a choice not to.

  • Copybook Headings Draper, UT
    May 31, 2018 4:41 p.m.

    Because any Walmart cashier could step right into CEO Doug McMillon's shoes and make the company even more profitable right? In fact I bet a homeless guy could run the company better than McMillon!

    Another article in support of a 'narrative' that nobody is falling for anymore. November is going to be interesting.

  • marxist Salt Lake City, UT
    May 31, 2018 4:39 p.m.

    Capital in its money form is infinitely expandable, and in capitalism, for those at the top, no amount suffices. As Marx said “Accumulate, accumulate! This is Moses and the Prophets!”

    Walmart harvests huge amounts of surplus value from its employees, and such is the main source of their profits.

    At some point the major political parties have to discuss distribution, else the system will morph into something very different from what we know. But notice how Donald Trump never mentions it. If there was a way to raise the issue at a Trump rally, it would deflate the auditorium.

  • Joey K Sandy, UT
    May 31, 2018 4:21 p.m.

    Sigh... always fun to see which reporters don’t have a basic understanding of economics... Your salary has nothing to do with how hard your job is, it’s all about value and replacement cost. The CEO of Walmart’s decisions are much more than a 1000x more important than the decisions of individual employees. He can make a decision that will mean billions of dollars of profitability, or result in Walmart going out of business. An individual employee will just forget to stock toilet paper and upset one person.
    Why is this even a story? You’re trying to stoke the flames of inequality. People making minimum wage are walmart mostly deserve to make minimum wage. If they want to earn more they should learn more valuable skills that are in higher demand. Frankly I’m disappointed that the earning gap isn’t more...

  • ekute Layton, UT
    May 31, 2018 4:11 p.m.

    Those 2.3 employees must be busier than a one legged man in a kicking contest.