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Unformatted text preview: Q u i c k T i m e ª a n d a d e c o m p r e s s o r a r e n e e d e d t o s e e t h i s p i c t Memorandum To: Wal-Mart Stores, Inc. Watchdog Group From: Nicholas Connolly, Watchdog Supervisor NC Date: April 3 rd , 2009 Subject: Procedure to Cut Executive’s Salaries Purpose I have been asked to look into the excessive salaries of the executives at Wal-Mart Stores, Inc. We have found that most executives are being over paid, and by reducing their salaries we could pay our lower employees more, which would be more beneficial for the company. The Problem with Overpaying Executives I would like to bring to everyone’s attention the problem of Wal-Mart’s salary gap between the average worker and the executives of the company. In this serious economic downfall it would seem unethical to be paying the executives more than 24 times the average Wal- Mart employee. Wal-Mart CEO Lee Scott earned $29.7 million in total last year, more than any other CEO in the Southeastern U.S. A full time Wal-Mart associate year, more than any other CEO in the Southeastern U....
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This note was uploaded on 11/15/2011 for the course BUS 102 taught by Professor Waldrop during the Fall '08 term at Miami University.
- Fall '08