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Leaked Walmart emails describing 'disaster' sales drag down stock value
The Walmart leaked emails indicate that February sales have been termed a disaster by some executives and it was the worst month the email sender had seen in his seven years with the company. Other details that were leaked indicate there is a significant amount of apprehension within the chain's executives regarding how the year is beginning. There is a lot of blame for the lower sales being placed on the expiration of payroll tax cuts, but others believe the problem is more than a customer issue.
Walmart shares closed down in the stock market Friday, as it seems the Walmart leaked emails have shaken the confidence of investors. A spokesperson addressed the emails, indicating that they were taken out of context and represented individual opinions more than an overall company position.
Many will be interested to see the fourth-quarter earnings report from the retail giant, which will be released on Feb. 21. In the meantime, people are certainly buzzing about the Walmart leaked emails and it is clear many within the company are not pleased they became public.
( http://www.examiner.com/article/leaked-wal-mart-emails-describing-disaster-sales... )
***Who really runs Walmart's stocks etc? Have you ever asked?
It is the "CNGC." That stands for,
"Compensation, Nominating and Governance Committee"
The basic responsibility of the members of the Committee is to exercise their business judgment to act in what they reasonably believe to be in the best interests of the Company and its shareholders.
With many workers right now saying "At the cost of the workers!"
( http://current.com/community/93966300_wal-mart-stores-inc-compensation-nominatin... )
You know this is a see I told you so! Many states like Oklahoma cut food stamps
down & the pay taxes going up. This is more to the fact we should not be
cutting from the poor. Cut Government spending is not on the rich,
it's the poor. All it does bring down sales!
Should we all cut more spending? Or raise the prices to cover the cost of
a higher minimum wage & price the stuff out of reach of many who don't
make a living wage? "You can have your high prices to your self!"
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