Sanders to attend Walmart Annual Meeting

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Vermont Senator Bernie Sanders should go to Walmart (WMT) Annual General Meeting of Shareholders next month, as part of an incentive to the largest US employer to appoint store representatives every hour to its board of directors. "data-reactid =" 31 "> Vermont Senator Bernie Sanders Expected to Visit Walmart Headquarters (WMT) Annual Meeting of Shareholders Next Month as an Incentive to the United States' Largest Employer to appoint store representatives every hour to its board of directors.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Walmart's annual config, set for June 5th, is nearly 14,000 employees and investors in Bentonville, Arkansas.reported by the Washington Post, workers' rights group & nbsp;United for respect& nbsp; invited the Democratic presidential candidate to submit a shareholder proposal to the meeting, which Sanders agreed to. "data-reactid =" 32 "> The Walmart Annual Conference, scheduled for June 5, brings together nearly 14,000 employees and investors in Bentonville, Arkansas: in a news report by the Washington Post, the Workers' Rights Group United For Respect has invited the Democratic presidential candidate to submit a shareholder proposal to the meeting, which Sanders has accepted.

The group's proposal calls on Walmart to adopt a policy to "promote meaningful representation of employee prospects" by requiring that the initial list of candidates for new board nominees include hourly collaborators.

"In this time of increasing economic and racial divide and insecurity, hourly associates can guide a more equitable, inclusive and equitable business ecosystem that brings differences together," the group wrote, citing the large number of Black and Hispanic women, employees of Walmart.

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The payment practices of the retail giant have Worker advocates and politicians like Sanders, who argue that Walmart does not pay a fair wage to its employees, have been criticized by the company last week when it published data showing that it was not easy to sell.pays his hourly workers almost double the federal minimum& nbsp; salary, but that fails to appease some of his critics. "data-reactid =" 35 "> The retail giant's pay practices have been criticized by workers' rights activists and politicians like Sanders, who say Walmart does not pay its employees Last week, the company published data showing that she was paying her hourly workers almost double the federal minimum wage, but this failed to appease some of her detractors.

"Walmart's salary is so low that a full-time associate (at 34 hours a week, according to Walmart's definition) remunerating Walmart's starting salary may still fall below the federal poverty line for a family." of three people, "said UFR, hitting Walmart's stock buyback policy.

"Stock repurchases have generated huge returns for shareholders, but these gains have not been shared by associates, many of whom have not had a decent increase for years and are struggling to meet their needs. their family, "said the group. "If given a voice in the decision-making process of the company, hourly associates can ensure that all stakeholders benefit from and contribute to the growth of the company."

Push for a higher salary

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "According to & nbsp;United For Respect website, the group claimed a base salary of $ 15 per hour for its associates and "similar increases for their long-time partners", among other demands. "data-reactid =" 39 "> According to the United For Respect website, the group has asked for a base salary of $ 15 an hour for its associates and" similar increases for their long-time partners "between other requests.

The group also wants board members to have a seat for hourly paid employees to "ensure we speak out in decisions that affect our work and our lives."

In a statement to Yahoo Finance, Walmart said it would respond to specific shareholder proposals once they have been formally presented to the meeting.

"If Senator Sanders is attending, we hope that he will approach his visit not as a stop to the campaign, but as a constructive opportunity to discover the many ways we are working to provide economic opportunities, mobility and opportunities. increased benefits to our associates – as well as our widely recognized leadership in environmental sustainability, "added the company.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "As a result of his campaign against Amazon and its latest pay practices fall, & nbsp;Sanders turned to Walmart and other large companies as co-author of the Stop WALMART Act. "data-reactid =" 43 "> Following his campaign against Amazon and his pay practices last fall, Sanders turned to Walmart and other large companies as co-authors of the Stop WALMART law.

This law would prevent large employers from buying back shares if they do not pay all employees at least $ 15 an hour, up to 7 days of paid sick leave and CEO compensation not to exceed 150 times the salary. median of all employees.

<p class = "canvas-atom text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Amazon (AMZN– Walmart's main competitor – reacted to growing political pressure by increasing the hourly wage of its workers to $ 15, a move that Sanders & nbsp;rented when the retail giant announced the news last October."data-reactid =" 45 "> Amazon (AMZN) – Walmart's main competitor – reacted to growing political pressure by raising the hourly wage of its employees to $ 15, a decision rented by Sanders when the sales giant retail announced the news last October.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "However, & nbsp;Krystal Hu, Yahoo Finance, reported at the time& nbsp; that some Amazon (AMZN) employees stated that they would earn less after the $ 15 increase in the minimum wage, as the company removed its Restricted Share Unit (RSU) allocations as part of its offering of remuneration. "Data-reactid =" 46 "> However, Krystal Hu, of Yahoo Finance, said: the moment that some Amazon employees (AMZN) said that they would earn less after the $ 15 rise in minimum wage because the company has removed its restricted stock units (RSUs) as part of its compensation offer.

Pulling the curtain on the salary

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