Why I Hate Wal-Mart
Written By: John Myers | Posted: Tuesday, July 26th, 2011
Based on revenues, Wal-Mart is the largest company on the Fortune 500. I doubt any of the nine justices on the U.S. Supreme Court has ever shopped at a Wal-Mart. That probably helped the retail giant when the Court dismissed the largest employment discrimination case in U.S. history last month. But the Supreme Courts refusal to hear the case brought by 1.5 million female employees hardly makes Wal-Mart a paragon of good business. The best prices in town really only add up to big profits for Wal-Mart shareholders. Annual sales total more than $300 billion per year. In 20 years, the price of Wal-Mart stock (NYSE:WMT) has risen almost tenfold. But Sam Waltons Frankenstein has killed off countless small businesses and destroyed hundreds of thousands of jobs.
Based on revenues, Wal-Mart is the largest company on the Fortune 500. The company employs 2.1 million workers worldwide 25 times more than Exxon/Mobil. Roughly 90 percent of Americans live within 15 miles of a Wal-Mart.
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