candycorn
Diamond Member
- Aug 25, 2009
- 110,636
- 50,842
I have no idea what impact a $0.03 per share permanent increase in costs would be, but it would most definitely be "serious." A permanent 6% reduction in dividends is significant.
I still don't see how calling low income subsidies for certain workers is "subsidizing." The company is paying market rates for services and labor. It's the lifestyle details of some of those workers that garner the subsidies, not any company policies.
Six percent of 48 cents is what, 3 cents? WMT is a growth stock that is 1/3 owned by mutuals and pensions; unlikely they will dump WMT and buy stocks that both pay less in dividend AND have under performed.
You may be right about the "lifestyles" of the workers but the degrees of separation between need/want narrows. Back home, they announced the end to employees getting paper checks for payroll the other day. Now they have to have direct deposit. And, unless you want to run to the ATM to check your balance every day, you need some pathway to the Internet to check your paycheck and your timesheet. So how do you get there? Cell phones are the least expensive way to access the 'net unless you want to pay for both phone service AND a line in the house;
True; nobody needs a camera phone.
As for other lifestyles such as having kids or a husband...get real.
I am getting real. Compensation for a job is based on the market rates for that job function not the size of a family the employee has to support.
This is where the conservative argument goes from tenuous to cruel. While I agree that it's not WMT's or any employer's responsibility to pay for extravagances an employee desires; many (if not most thankfully) would consider kids or a husband extravagances. Why not just argue that if you work there, you should limit yourself to 1,300 calories which has been shown to be near the bare minimum for consumption by a healthy adult....