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zab

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zab

Re: brightness post# 670349

Sunday, 02/20/2011 1:17:58 PM

Sunday, February 20, 2011 1:17:58 PM

Post# of 704049
But it is okay to continualy raise the salary of the Wal-Mart CEO Mike Duke to between $ 20 Million, to an astonomical sum of $ 36 Million, and showering him with wonderful stock option plans, like were given to his previous successor Lee Scott, who has not only cashed in his stock options worth $ 250 Million, but has an additional $ 250 Million in stock option awards still to be cashed.

Just as long as CEO Mike Duke does what the Walton family wants, and that is raise the dividend each year, thereby allowing the family to collect approximately $ 2.5 Billion in dividend payments each yar, at that wonderfully reduced tax rate on dividends that George Bush granted in his time in office, sure pays to give to the Republican Party and George Bush's elections if you are Walton Family member, but let's not bring up all of those wonderful lawsuits that were settled for pennies on the dollar for all of those labor infractions. The ones that did not pay for lunches, or breaks, or working off the clock, or for subtracting all of those hours from employees paychecks.

I know this is a free country, and everyone can always leave and go to work someplace else. When are people going to learn that capitolism works well when it is applied to all, and not just the select few.

Why is it also okay for the American taxpayer to pick up the tab for all of these capitolistic companies that were going under, but were saved with bailouts.

Maybe many have become too greedy in this wonderful capitolistic system America enjoys, and when was the last time you knew of anyone who really tried to live on $ 10.00 an hour in America,but in America many do, and that really is the sad part of this entire conversation. If a company can afford to pay billions to just a select few like in the Wal-Mart scenario, but has a probem at having to pay just above minium wage for most its 1.5 Million associates, and then is caught in 100s of thousands of labor law violations of not even paying that. Whats worse Wal-Mart breaks the law every single day, and does it in almost every state, and gets away with it by just hiring more lawyers to argue the case for years, and people wonder why Americans are getting fed up with it.

I recieved two settlement checks from Wal-Mart this past year, both took over 10 years to settle, and I was given literally pennies on the dollar for violations of the law, but Wal-Mart just keeps getting away with it.

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