Walmart Compensation Package

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Finances have been a necessary element of the world ever since man has first come into existence. The role of commerce in the life of an average human is baffling. It appears that money in and of itself, could possibly make the earth continue on its steady journey around the sun, such is its importance. The vast amount of wealth that is currently occupying the homes of billions though, may not come so easily to some as it does to others. There are those who must learn to go without certain provisions due to a lack of funding. It can be seen fairly clearly that there is an invisible, sometimes unspoken, divide between individuals who have abundant wealth, and those who live by saving what they can. The rich and poor. The haves and the have-nots. …show more content…

Carl McMillion, the current CEO of Walmart, receives a compensation package that is comprised of his salary, bonus, stock, commission, and all other direct or indirect benefits. The entirety of this package comes to a sum of 9.56 million dollars a year. The basic employees of Walmart, such as stockers and cashiers, earn on average, 17,080 dollars per year. Some think that these low wages are set in order to pay those on the upper half of the Walmart hierarchy. Many also believe that wealthy earners should take some sort of pay cut and give a portion of their money to their employees, in order to close the gap in pay between the executives and their employees. Others argue, though, that since these individuals make up the top ten percent of earners, they must pay quite a large sum when it comes to taxes. The percentage of income tax for those with large salaries, such as CEOs, is typically higher than those in average jobs with an equally average amount of income. In the United States law though, there are certain exceptions and regulations which help to lower the amount of taxes a high earning person has to pay. Warren Buffet, the CEO of Walmart until 2014, stated at a presidential fund-raiser that the rich were not paying enough in taxes. Using himself as an example, Buffet asserted that his taxes in the previous year were only 17.7 percent of his …show more content…

Currently, there are over 46.5 million citizens of the United States that are considered to be poor (Poverty in the United States: A Snapshot). This is about 15 percent of the population; the highest it’s ever been. The working class (as most of the lower earning members of the work force are called) receive many grievances for their economic situation, which is mostly out of their control. False statements made mostly out of ignorance are often said throughout conversations in which the lower class is the subject. Such statements include that most individuals in the working class are lazy and need to just go out and look for work, or that they are unfit for work do to some sort of criminal record or past substance abuse. The truth is more complicated in nature. In a country and age in which divorce rates are rapidly growing, the predicament of the single parent is becoming more prevalent. It is not realistically feasible to expect one parental unit to be able to provide all the necessities needed to properly raise a child if they are part of the working class. Recalling the average minimum wage yearly income of $17,080, which equals to $1,484 monthly, it can be seen that this is a low amount of funds. After taking away $1,045,

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