R-Tex
Member
How about some postive comments about WallyWorld for a change? I've seen lots of negative remarks regarding Wal-Mart (and am not entirely innocent, myself
), and found this info enlightening. I did see the photos of all the WM 18-wheelers lined up with aid for Katrina victims, but didn't know how much the company regularly donates to the various charitable organizations and causes. I didn't find the precise link for the article below, but this one's pretty close:
http://mjperry.blogspot.com/20...ers-400-million.html
April 4, 2009
Wal-Mart Facts
By Dr. Mark J. Perry, Professor of Economics and Finance in the School of
Management at the Flint Campus of the University of Michigan
According to Forbes, Wal-Mart was the most generous corporation in America
in 2007 (probably the world too), giving away $301 million in cash gifts
to the Children's Miracle Network, Feeding America, The Salvation Army,
the American Red Cross, the United Way of America, National Fish and
Wildlife Foundation.
This week, Wal-Mart announced that it: Stepped up charitable giving
globally from February 1, 2008 through January 31, 2009 with more than
$423 million in cash and in-kind gifts, an $85.6 million increase over its
global giving in the previous year.
Last year, Wal-Mart and the Wal-Mart Foundation gave millions of dollars to
numerous national and local charities including the Institute for Higher Education Policy
($4.1 million), YouthBuild ($5 million), Children's Miracle Network ($4.7 million),
The Salvation Army ($3 million), Special Olympics ($3.6 million), the National Urban
League ($1 million) and the National Fish and Wildlife Foundation ($3.4 million).
Other Wal-Mart Facts:
1. Wal-Mart directly employs more than 2 million associates worldwide,
including more than 1.4 million in the United States. Through its
relationships with 56,000 U.S. suppliers, Wal-Mart spent $200 billion on
merchandise in 2007 and indirectly supported more than 3 million American
jobs. The 4.4 million Wal-Mart-related jobs represented 3.2% of total U.S.
payroll employment in 2007.
2. Wal-Mart is a diverse employer, employing more than 165,000 Hispanics,
251,000 African Americans, 39,000 Asian Americans, 5,000 Pacific
Islanders, 16,000 Native Americans, 355,000 associates age 50 or older,
and 856,000 women (61% of Wal-Mart's workforce).
3. Wal-Mart insures more than 1.1 million associates and family members
making it among the nation's largest providers of private sector health
insurance.93% of Wal-Mart associates reported having some form of health
coverage – either through Wal-Mart or another source.
4. Wal-Mart offers the opportunity for a career: More than 75% of
Wal-Mart's store managers started as hourly associates.
5. In 2007, independent research from Global Insight shows that the
reduction in the price level due to the presence of Wal-Mart translates
directly into savings for consumers amounting to $287 billion in 2006.
This corresponds to savings of $957 per person and $2,500 per household,
regardless of where consumers choose to shop. That is, even consumers who
shop at Target, Best Buy or Office Depot save money from the presence of
Wal-Mart, due to the competitive pressure of Wal-Mart's "Everyday Low
Prices."

http://mjperry.blogspot.com/20...ers-400-million.html
April 4, 2009
Wal-Mart Facts
By Dr. Mark J. Perry, Professor of Economics and Finance in the School of
Management at the Flint Campus of the University of Michigan
According to Forbes, Wal-Mart was the most generous corporation in America
in 2007 (probably the world too), giving away $301 million in cash gifts
to the Children's Miracle Network, Feeding America, The Salvation Army,
the American Red Cross, the United Way of America, National Fish and
Wildlife Foundation.
This week, Wal-Mart announced that it: Stepped up charitable giving
globally from February 1, 2008 through January 31, 2009 with more than
$423 million in cash and in-kind gifts, an $85.6 million increase over its
global giving in the previous year.
Last year, Wal-Mart and the Wal-Mart Foundation gave millions of dollars to
numerous national and local charities including the Institute for Higher Education Policy
($4.1 million), YouthBuild ($5 million), Children's Miracle Network ($4.7 million),
The Salvation Army ($3 million), Special Olympics ($3.6 million), the National Urban
League ($1 million) and the National Fish and Wildlife Foundation ($3.4 million).
Other Wal-Mart Facts:
1. Wal-Mart directly employs more than 2 million associates worldwide,
including more than 1.4 million in the United States. Through its
relationships with 56,000 U.S. suppliers, Wal-Mart spent $200 billion on
merchandise in 2007 and indirectly supported more than 3 million American
jobs. The 4.4 million Wal-Mart-related jobs represented 3.2% of total U.S.
payroll employment in 2007.
2. Wal-Mart is a diverse employer, employing more than 165,000 Hispanics,
251,000 African Americans, 39,000 Asian Americans, 5,000 Pacific
Islanders, 16,000 Native Americans, 355,000 associates age 50 or older,
and 856,000 women (61% of Wal-Mart's workforce).
3. Wal-Mart insures more than 1.1 million associates and family members
making it among the nation's largest providers of private sector health
insurance.93% of Wal-Mart associates reported having some form of health
coverage – either through Wal-Mart or another source.
4. Wal-Mart offers the opportunity for a career: More than 75% of
Wal-Mart's store managers started as hourly associates.
5. In 2007, independent research from Global Insight shows that the
reduction in the price level due to the presence of Wal-Mart translates
directly into savings for consumers amounting to $287 billion in 2006.
This corresponds to savings of $957 per person and $2,500 per household,
regardless of where consumers choose to shop. That is, even consumers who
shop at Target, Best Buy or Office Depot save money from the presence of
Wal-Mart, due to the competitive pressure of Wal-Mart's "Everyday Low
Prices."