To: Doug McMillon, President & CEO, Walmart
Support Striking Workers at Walmart's Annual Shareholder Meeting
Today, thousands of Walmart workers are striking at the company's annual shareholder meeting in Bentonville, Arkansas to take a stand for fair wages and just working conditions.
We’re joining them by releasing a new brief that shows that Walmart could give Walmart workers substantial raises by simply ending their unproductive practice of stock buybacks. These buybacks amounted to $6.6 billion in 2013, and are a result of Walmart’s focus on short-term results over long-term value.
The numbers are striking. For what shareholders spent on stock repurchases in 2013, they could opt instead to give all of Walmart's low-wage workers a $5 an hour raise. For what the company spent in dividend payments to the three heirs of the Walton family alone in 2013, they could give their 825,000 low-wage workers a $2 an hour raise.
Sign our petition to support striking workers today, and tell Walmart that a higher wage is possible, and necessary.
Thomas Piketty's bestselling Capital in the 21st Century places the onus of escalating wealth inequality on the growth of capital rather than labor. This year, Walmart can help break that vicious cycle by providing a productive boost to workers and its own bottom line through human capital investments that generate real returns.
We’re joining them by releasing a new brief that shows that Walmart could give Walmart workers substantial raises by simply ending their unproductive practice of stock buybacks. These buybacks amounted to $6.6 billion in 2013, and are a result of Walmart’s focus on short-term results over long-term value.
The numbers are striking. For what shareholders spent on stock repurchases in 2013, they could opt instead to give all of Walmart's low-wage workers a $5 an hour raise. For what the company spent in dividend payments to the three heirs of the Walton family alone in 2013, they could give their 825,000 low-wage workers a $2 an hour raise.
Sign our petition to support striking workers today, and tell Walmart that a higher wage is possible, and necessary.
Thomas Piketty's bestselling Capital in the 21st Century places the onus of escalating wealth inequality on the growth of capital rather than labor. This year, Walmart can help break that vicious cycle by providing a productive boost to workers and its own bottom line through human capital investments that generate real returns.
Why is this important?
Today, thousands of Walmart workers are striking at the company's annual shareholder meeting in Bentonville, Arkansas to take a stand for fair wages and just working conditions.
We’re joining them by releasing a new brief that shows that Walmart could give Walmart workers substantial raises by simply ending their unproductive practice of stock buybacks. These buybacks amounted to $6.6 billion in 2013, and are a result of Walmart’s focus on short-term results over long-term value.
The numbers are striking. For what shareholders spent on stock repurchases in 2013, they could opt instead to give all of Walmart's low-wage workers a $5 an hour raise. For what the company spent in dividend payments to the three heirs of the Walton family alone in 2013, they could give their 825,000 low-wage workers a $2 an hour raise.
Sign our petition to support striking workers today, and tell Walmart that a higher wage is possible, and necessary.
Thomas Piketty's bestselling Capital in the 21st Century places the onus of escalating wealth inequality on the growth of capital rather than labor. This year, Walmart can help break that vicious cycle by providing a productive boost to workers and its own bottom line through human capital investments that generate real returns.
We’re joining them by releasing a new brief that shows that Walmart could give Walmart workers substantial raises by simply ending their unproductive practice of stock buybacks. These buybacks amounted to $6.6 billion in 2013, and are a result of Walmart’s focus on short-term results over long-term value.
The numbers are striking. For what shareholders spent on stock repurchases in 2013, they could opt instead to give all of Walmart's low-wage workers a $5 an hour raise. For what the company spent in dividend payments to the three heirs of the Walton family alone in 2013, they could give their 825,000 low-wage workers a $2 an hour raise.
Sign our petition to support striking workers today, and tell Walmart that a higher wage is possible, and necessary.
Thomas Piketty's bestselling Capital in the 21st Century places the onus of escalating wealth inequality on the growth of capital rather than labor. This year, Walmart can help break that vicious cycle by providing a productive boost to workers and its own bottom line through human capital investments that generate real returns.