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(LA Times)   New Walmart CEO has worked at the store since 1984. His new promotion will bump his salary up to $10.52 an hour   (latimes.com) divider line 135
    More: Spiffy, Walmart, Mike Duke, Doug McMillon, promotions, salary  
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8805 clicks; posted to Main » on 27 Nov 2013 at 9:40 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-11-27 08:34:53 AM  
McMillon, who first joined Wal-Mart as a summer associate at a distribution center in 1984, will immediately join the company's board.

Hmm, someone who actually used to work for a crappy wage.  There's a chance, albeit a slim one, that he might understand how hard it is to get by on the crappy wages and find a way to adjust the business model.

Or it could just be another case of "I got mine, so fark you!"
 
2013-11-27 08:51:20 AM  

RedPhoenix122: Or it could just be another case of "I got mine, so fark you!"


This is where I'd lay my bet.
 
2013-11-27 09:04:56 AM  

RedPhoenix122: McMillon, who first joined Wal-Mart as a summer associate at a distribution center in 1984, will immediately join the company's board.

Hmm, someone who actually used to work for a crappy wage.  There's a chance, albeit a slim one, that he might understand how hard it is to get by on the crappy wages and find a way to adjust the business model.

Or it could just be another case of "I got mine, so fark you!"


I guess that depends on whether he actually had to get by on the crappy wages.  As a summer associate, I doubt it.  I'm not entirely sure what an associate does, but I bet he didn't associate with the jizz moppers.
 
2013-11-27 09:08:27 AM  
i181.photobucket.com
 
2013-11-27 09:28:08 AM  

RedPhoenix122: Or it could just be another case of "I got mine, so fark you!"


What exactly do you mean by this?
 
2013-11-27 09:31:35 AM  

Dancin_In_Anson: RedPhoenix122: Or it could just be another case of "I got mine, so fark you!"

What exactly do you mean by this?


What an odd question.
 
2013-11-27 09:33:14 AM  

EvilEgg: RedPhoenix122: McMillon, who first joined Wal-Mart as a summer associate at a distribution center in 1984, will immediately join the company's board.

Hmm, someone who actually used to work for a crappy wage.  There's a chance, albeit a slim one, that he might understand how hard it is to get by on the crappy wages and find a way to adjust the business model.

Or it could just be another case of "I got mine, so fark you!"

I guess that depends on whether he actually had to get by on the crappy wages.  As a summer associate, I doubt it.  I'm not entirely sure what an associate does, but I bet he didn't associate with the jizz moppers.



That's what I'm wondering.  And was he working there because his well off parents wanted him to get a job so now he "knows how it is" and people can "work their way up".
 
2013-11-27 09:42:55 AM  
"Summer associate at a distribution center" is code for "My son needs a job but its gotta be better then one of those low-wage shelf stockers and fark me he's not being a cashier, make it happen."
 
2013-11-27 09:45:50 AM  
His name is McMillion because he's stacking cheddar like they do at a McDonalds lunch rush.
 
2013-11-27 09:46:20 AM  
www.meh.ro
 
2013-11-27 09:47:43 AM  
FYI, in the 2013 fiscal year, he was already making $9.3 million

which is about $4471 an hour, but whatever.
 
2013-11-27 09:47:59 AM  
I didn't stop shopping at WalMart because of realizing the soul crushing lack of wages and the crappy way WalMart dealt with their supply chain...

I quit shopping their because they quit carrying stuff I wanted to buy.  From five different peanut butter brands to two, and one of them is store label.  Carry this across all the types of stuff they carry.  Oh, you may not be interested in peanut butter, but it's the same thing across all lines.  Eventually, you have ONLY people shopping there for pricing, and never for a better version of anything.

So, the "People of WalMart" go from being a small segment to the ONLY segment.
Don't get me wrong, idiots have to eat, too.  But if there's nothing special about ANY item in the store, why go?
 
2013-11-27 09:48:08 AM  

EvilEgg: RedPhoenix122: McMillon, who first joined Wal-Mart as a summer associate at a distribution center in 1984, will immediately join the company's board.

Hmm, someone who actually used to work for a crappy wage.  There's a chance, albeit a slim one, that he might understand how hard it is to get by on the crappy wages and find a way to adjust the business model.

Or it could just be another case of "I got mine, so fark you!"

I guess that depends on whether he actually had to get by on the crappy wages.  As a summer associate, I doubt it.  I'm not entirely sure what an associate does, but I bet he didn't associate with the jizz moppers.


You guys realize that "associate" is what Wal-Mart calls all it's employees, right?  Summer Associate at a distribution center means he worked in a warehouse filling orders.
 
2013-11-27 09:48:33 AM  
All WalMart employees are referred to as "associates" of one type or another, I think.
 
2013-11-27 09:50:14 AM  
Good for him!  He worked his way up to the top in less than 30 years, despite the social handicap of being a white male.
 
2013-11-27 09:51:16 AM  

BumpInTheNight: "Summer associate at a distribution center" is code for "My son needs a job but its gotta be better then one of those low-wage shelf stockers and fark me he's not being a cashier, make it happen."


B-I-N-G-O
 
2013-11-27 09:52:47 AM  
There are a lot of Walmart commercials toting the benefits of working at Walmart playing these days. My guess is to counter the articles on how many "associates" qualify for food stamps, medical assistance and then there was that food drive in Ohio to feed poorly paid employees who could not afford to do a Thanksgiving dinner.
//Just think of it as govt funded shopping...
 
2013-11-27 09:54:02 AM  

EvilEgg: RedPhoenix122: McMillon, who first joined Wal-Mart as a summer associate at a distribution center in 1984, will immediately join the company's board.

Hmm, someone who actually used to work for a crappy wage.  There's a chance, albeit a slim one, that he might understand how hard it is to get by on the crappy wages and find a way to adjust the business model.

Or it could just be another case of "I got mine, so fark you!"

I guess that depends on whether he actually had to get by on the crappy wages.  As a summer associate, I doubt it.  I'm not entirely sure what an associate does, but I bet he didn't associate with the jizz moppers.


They call everyone who works there an associate.  Working in a distribution center, he might have had a slightly better wage than a cashier or cart pusher at a retail store.
 
2013-11-27 09:54:12 AM  

pkrzycki: FYI, in the 2013 fiscal year, he was already making $9.3 million

which is about $4471 an hour, but whatever.


Yet he most likely still drives a 30-year-old Ford pickup.
 
2013-11-27 09:54:44 AM  

RedPhoenix122: McMillon, who first joined Wal-Mart as a summer associate at a distribution center in 1984, will immediately join the company's board.

Hmm, someone who actually used to work for a crappy wage.  There's a chance, albeit a slim one, that he might understand how hard it is to get by on the crappy wages and find a way to adjust the business model.

Or it could just be another case of "I got mine, so fark you!"


His brain is like oatmeal at his age, he probably fills in the gaps with rose-tinted nostalgia and important "lessons" about hard work.
 
2013-11-27 09:56:44 AM  

RedPhoenix122: Hmm, someone who actually used to work for a crappy wage.  There's a chance, albeit a slim one, that he might understand how hard it is to get by on the crappy wages and find a way to adjust the business model


CEOs work for the shareholders, not the employees.  Employees are expandable.  Companies used to be about building legacies, communities, and pride in the American dream.  Now they focus on nothing but the next quarter's numbers.  Sucks, but there it is.  No offense, but anyone who thinks this will change anytime soon, especially for a company with a track record like Walmart, is simply deluding themselves.
 
2013-11-27 10:01:48 AM  

AngryDragon: Employees are expandable.


At Wal Mart, so are the customers.
 
2013-11-27 10:02:02 AM  
Even though libertarians talk about an informed consumer that votes with their wallet the only ones attempting to actually shame these companies are liberals so it becomes a partisan issue.
 
2013-11-27 10:05:34 AM  

pkrzycki: FYI, in the 2013 fiscal year, he was already making $9.3 million

which is about $4471 an hour, but whatever.


I can't imagine earning that much.
 
2013-11-27 10:06:31 AM  

Quantum Apostrophe: AngryDragon: Employees are expandable.

At Wal Mart, so are the customers.


I'll just pretend I was setting up the joke for you.

BADUM!  TSSSSH!
 
2013-11-27 10:07:33 AM  
Look at all the whiny haters hating on a guy just because he did what they say can't be done!  MUAHAHAHAHAHAHA!
 
2013-11-27 10:08:05 AM  

AngryDragon: Quantum Apostrophe: AngryDragon: Employees are expandable.

At Wal Mart, so are the customers.

I'll just pretend I was setting up the joke for you.

BADUM!  TSSSshia


teamwork, baby!
 
2013-11-27 10:08:26 AM  
If a person earning minimum wage was capable of running a multibillion dollar company, then
perhaps they should get the salary that a CEO receives.  Plus, it's not the CEO that decides
the salary, it's the BOARD of a company that sets the salary through negotiations.
Fire the board of directors, the stockholders that vote on this if you want CEO salaries to
come in line.
 
2013-11-27 10:08:50 AM  

SVenus: I quit shopping their because they quit carrying stuff I wanted to buy.  From five different peanut butter brands to two, and one of them is store label.  Carry this across all the types of stuff they carry.  Oh, you may not be interested in peanut butter, but it's the same thing across all lines.  Eventually, you have ONLY people shopping there for pricing, and never for a better version of anything.


The Hormel cartel at work.
 
2013-11-27 10:09:22 AM  

cabbyman: Look at all the whiny haters hating on a guy just because he did what they say can't be done!  MUAHAHAHAHAHAHA!


Yep.
 
2013-11-27 10:11:19 AM  

AngryDragon: RedPhoenix122: Hmm, someone who actually used to work for a crappy wage.  There's a chance, albeit a slim one, that he might understand how hard it is to get by on the crappy wages and find a way to adjust the business model

CEOs work for the shareholders, not the employees.  Employees are expandable.  Companies used to be about building legacies, communities, and pride in the American dream.  Now they focus on nothing but the next quarter's numbers.  Sucks, but there it is.  No offense, but anyone who thinks this will change anytime soon, especially for a company with a track record like Walmart, is simply deluding themselves.


Well put. The company I work for has a slogan, "We never forget who we're working for." With the number of layoffs recently, the hallways now echo with, "the shareholders."
 
2013-11-27 10:12:23 AM  

RedPhoenix122: Or it could just be another case of "I got mine, so fark you!"


I worked there a while. There's a lot of that in those selected for promotion; probably a prerequisite.
 
2013-11-27 10:15:38 AM  

URAPNIS: I can't imagine earning that much.


I'd feel like a real jerk if I did.

I'd smile a lot, but I'd feel like a real jerk
 
2013-11-27 10:16:06 AM  
AngryDragon:   Companies used to be about building legacies, communities, and pride in the American dream.

Lulz, sure they did.

www.spashrae.com
 
2013-11-27 10:17:49 AM  

AngryDragon: RedPhoenix122: Hmm, someone who actually used to work for a crappy wage.  There's a chance, albeit a slim one, that he might understand how hard it is to get by on the crappy wages and find a way to adjust the business model

CEOs work for the shareholders, not the employees.  Employees are expandable.  Companies used to be about building legacies, communities, and pride in the American dream.  Now they focus on nothing but the next quarter's numbers.  Sucks, but there it is.  No offense, but anyone who thinks this will change anytime soon, especially for a company with a track record like Walmart, is simply deluding themselves.


HAH, you think they make decisions based on forecasts as far out as QUARTERS?    HAHAHAHAHAHAHAHAHAAHHAAH

Make me money NOW biatch!    This week has been slow, time for some farking layoffs!
 
2013-11-27 10:19:31 AM  

Dancin_In_Anson: cabbyman: Look at all the whiny haters hating on a guy just because he did what they say can't be done!  MUAHAHAHAHAHAHA!

Yep.


A white guy with a masters degree in finance made it in the business world, I've seen it all now! swing low sweet chariot
 
2013-11-27 10:20:10 AM  
I wanted to post something about "you're doing  it wrong." Might as well be this.

img.fark.net
 
2013-11-27 10:20:28 AM  

DesertCoyote: pkrzycki: FYI, in the 2013 fiscal year, he was already making $9.3 million

which is about $4471 an hour, but whatever.

Yet he most likely still drives a 30-year-old Ford pickup.


At least for photo ops.
 
2013-11-27 10:21:19 AM  
The feedback from the associates and managers I've talked to are pretty happy about this change.  The last two CEOs came from the logistics side, and had never spent a day in their career actually working in a store.  Their background was distribution centers and transportation.  So, for the last 13 years it has been all about running stores like a distribution center.

This guy started part time in the DCs, but really began his career in the stores after graduation.  So, an actual merchant running a retail company is a pleasant change.
 
2013-11-27 10:22:51 AM  
See walmart employees.  If you work had enough you too can become CEO of walmart.  Then when that day comes and all employees work equally hard, you will all be put into the thunderdome for a last man/woman standing death match.  Because after all there can only be ONE CEO.
 
2013-11-27 10:23:12 AM  

Nubian Jim: Good for him!  He worked his way up to the top in less than 30 years, despite the social handicap of being a white male.



Another Fark Racist (TM)
 
2013-11-27 10:23:22 AM  

Headso: A white guy with a masters degree in finance made it in the business world, I've seen it all now!


So all white guys with a masters degree in finance become CEOs of multi national companies eh?

Who knew?

Your disgust for this man's achievements is quite perplexing...But not surprising.
 
2013-11-27 10:23:36 AM  
I don't know why we don't have tens of millions of CEOs in this country.  Obviously, any wage-slave can do it.
 
2013-11-27 10:26:28 AM  
The one Walmart employee I know has been there 10 years, and makes $17 an hour, plus benefits, stocking shelves.   She's doing pretty well with her personal finances in an expensive area to live.  She shows zero desire to advance herself professionally, but does complain a bit about management being clueless.  Most of her work complaints are about how lazy her co-workers are, which causes more work for her.

It all seems about right to me, adequate compensation for adequate effort.  The reason I don't shop at Walmart anymore is because the prices are creeping higher and the quality is creeping lower.  I have no problems with any "social" issues with Walmart.  Starting pay for starting work.  You want to make more, show some initiative, and you'll make more.  Or just don't be an idiot and stick around for 10 years without pissing off your idiot manager, and make a decent wage.
 
2013-11-27 10:26:30 AM  

pueblonative: DesertCoyote: pkrzycki: FYI, in the 2013 fiscal year, he was already making $9.3 million

which is about $4471 an hour, but whatever.

Yet he most likely still drives a 30-year-old Ford pickup.

At least for photo ops.



30-Year old Ford Pickup would be a classic today, why not? It would be an awesome ride to work
 
2013-11-27 10:28:23 AM  

Dancin_In_Anson: Headso: A white guy with a masters degree in finance made it in the business world, I've seen it all now!

So all white guys with a masters degree in finance become CEOs of multi national companies eh?

Who knew?

Your disgust for this man's achievements is quite perplexing...But not surprising.


yep, that's what I said all white guys with masters degrees become CEOs of multinational companies.  Not sure where you got disgust for his achievements out of the posts I made in this thread, but hey if it makes fits your narrative have at it ;)
 
2013-11-27 10:28:29 AM  

pkrzycki: FYI, in the 2013 fiscal year, he was already making $9.3 million

which is about $4471 an hour, but whatever.


That seems like it would be above the top out. I wonder if he's gotten some merit raises along the way?
 
2013-11-27 10:28:32 AM  
Not only is Walmart always the low price but they train and promote from within!

Is there nothing this company does that it isn't awesome at?!?!?!
 
2013-11-27 10:31:50 AM  

cabbyman: Is there nothing this company does that it isn't awesome at?!?!?!


getting the taxpayer to subsidize their profits is what they really excel at.
 
2013-11-27 10:32:05 AM  

Zeb Hesselgresser: AngryDragon:   Companies used to be about building legacies, communities, and pride in the American dream.

Lulz, sure they did.

[www.spashrae.com image 500x333]


Well, one can always find outliers in both directions.  Look at Henry Ford in roughly the same era.  Today though, EVERY publicly traded company focuses only on share price.  That's it.  Any decision that affects that is immediately carried out.

It's why the economy is practically stagnant with companies sitting on record cash reserves and making record profits/revenue.   In the past this position would prompt aggressive attempts to expand in order to gain market share.  Factories, marketing campaigns, market penetration, attracting talent, all these things cost money.  With financing almost free, they should be able to finance billions of dollars in expansion at almost no risk.

Anything that drives down EBITDA is heresy in business today though.  Even if that decision yields enormous benefits next year, most companies won't do it because their share price will be punished in the short term.  Too many quarters of that and their executives will be punished by the board

Again, sucks but there it is.
 
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