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Wal-Mart’s Rob Walton Wins Scrooge of the Year

Wal-Mart’s Rob Walton Wins Scrooge of the Year

 

Written by Mike Hall, AFL-CIO

He beat out some tough competition, but Rob Walton, chairman of Wal-Mart’s board of directors, is the top vote getter in the 11th annual Jobs with Justice (JWJ) Scrooge of the Year election.

Walton deemed a “billionaire bully” by Brave New Films, has an estimated net worth around $21 billion, JWJ reports. As a family, the Waltons control 49 percent of Wal-Mart and are, says JWJ, the richest family in the United States, with a combined net worth is $93 billion. The Walton Family has as much wealth as the bottom 30 percent of American families combined—more than 35 million families.

The family’s dividends from their Wal-Mart stock alone are more than $2 billion a year. Just using their dividends, they could ensure that a million Wal-Mart employees make at least $12 an hour instead of the current average of $8.81 an hour.

Just last month Wal-Mart, under Rob’s leadership, slashed health care coverage for hundreds of thousands of Wal-Mart employees and their families—right before the holidays. What a scrooge!

Click here to learn more about the runners up, the American Legislative Exchange Council, Publix supermarkets and Eddie Hull University of Massachusetts director of housing and residential life.

This post was originally published by the AFL-CIO.

 

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Photo from Walmart Stores via flickr creative commons

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71 comments

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8:27AM PST on Jan 6, 2012

Rob Walton deserves the top Scrooge award.

My husband gets a Walmart gift card every year from the company he works for. We trade it for cash from a friend of ours. We don't shop at Walmart, but she does.

It is a shame how Walmart treats their employees.

5:54PM PST on Jan 4, 2012

Greedy bastard.

4:31PM PST on Jan 2, 2012

I boycotted Walmart years ago when I first found out about their exploitative, oppressive and destructive management. I don't support imperialistic tyrants!

10:34AM PST on Jan 2, 2012

..and get this! My daughter had to work mandatory overtime during the holidays...now,they're cutting hours to make up for it!!!! GREED at its finest!!

6:19PM PST on Jan 1, 2012

I purchased 70% of my Christmas gifts from Made In America Companies, and from local business. There are many to choose from. I never shop at Walmart. Saving a couple of bucks is not worth what that company is doing to our Country.

6:15PM PST on Jan 1, 2012

Walmart can't pay their employees a decent wage with good benefits but the Walmar heirs make billions of dollars just for being born. And the tea party Republicans want to do away with the estate tax. Really!!! The employees need to start a Union, and if the fat cats fight against it then the working people of America should boycott Walmart until they do the right thing.

3:11PM PST on Jan 1, 2012

I make it a point to avoid Walmart at every opportunity. Only worry is that half those minimum wage employees would lose their jobs if everybody that hates Walmart simply boycotted them altogether.

4:15PM PST on Dec 31, 2011

Yep-- that Walmart!

2:30PM PST on Dec 31, 2011

Hope he gets "Scrooged" by Sam's ghost.

1:23PM PST on Dec 31, 2011

Bet their poor and decent father is spinning in his grave at what they have done to his stores.

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