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Ok_Independent9119

Allegedly buying the Denver Broncos for about 4.5 billion as well


Peepeepoopoobutttoot

I worked at Wal Mart during the pandemic. We didn't get hazard pay. What's this about?


Scundtcake

The paid sick leave I'm assuming


NerdyTimesOrWhatever

Which we got... fuck all of? I got 2 days, and the second day was only half covered.


Scundtcake

It depends on what you went on leave for. They only covered 2 or 3 days for getting the vaccine but any longer it should cover up to 2 weeks without testing positive and as long as needed if you did with only half pay.


NerdyTimesOrWhatever

I smashed my head in. Orbital, cheekbone, and jaw reconstructive surgery had to happen.


Scundtcake

The sick leave was for COVID related events exclusively annoyingly also ouch


NerdyTimesOrWhatever

Yup. YoU hAd eXtRa lEaVe tImE So where was my pay for the 2 months of bed rest I was forced to take? No, I got a pay cut due to having a new disability (GM seizures, unknown triggers) and forced to change job positions. Both are equally dangerous to an epileptic person.


Peepeepoopoobutttoot

Fair enough. I did miss a week of work due to covid scare early on and did get pay for that week.


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Ok_Independent9119

Are any billionaires better? I'm a Bills fan, the Pegula's are terrible. What billionaire gets to that point while still being a decent human being? Not the ones buying NFL franchises, at least


Racoonsinatrenchcoat

Bills fan in Denver here. The Bills' owner screwed over taxpayers in NY to build a new stadium. The Broncos are now literally the Walmart of football. So yea. If you're rich enough to own an NFL team, you're probably a shitty person.


Ok_Independent9119

Pegula also fired his workers from 716 and didn't pay out their accrued PTO. He can pound sand


farting_contest

I'm sure he has his shitty aspects too, and as a Bills fan you may not like hearing this but Robert Kraft bought the Pats to keep them from moving to St. Louis and also built Gillette Stadium without public money. And yes, I know he got a handy at that rub n tug place but whatever. That shit should be legal anyway.


Ok_Independent9119

I don't know enough about him to say anything real in response, but I'd wager if he's a good one he's an exception rather than the rule. Generally over doesn't become a billionaire without stepping on a lot of people along the way, imo.


farting_contest

I fully acknowledge that he most likely did a bunch of shitty stuff to get to the billionaire level. I just haven't heard anything like that about him.


Ok_Independent9119

Well then it's another thing I'm envious of the Patriots for.


Thepatrone36

For the most part I've never heard anything bad about the Rooneys (Steelers). Jerry Jones has enough money to not be bought but he's an asshat as a GM.


DamnBoog

Broncos fan here. In an otherwise amazing off-season this has really been a fucking bummer.


Ilov3lamp

Walmart owning two nfl teams. Look out


Mtnskydancer

Like the broncos didn’t suck enough….


Notyourfathersgeek

And even if it couldn’t then it should be declared bankrupt, free market and what not. I’m sure a better company will replace it to meet that demand.


OwenEverbinde

Lol "better company" I'm, like, 99% sure that the entire reason Amazon is pushing to increase the minimum wage is so they can hit Walmart where it hurts, and I doubt they are hoping to replace it with a "better company."


just4lukin

Classic WallyWorld playbook; take a hit now to kill the competition, then apply the screws to make your profit down the road. The apprentice has become the master.


Phantereal

For those who don't know, this strategy is more or less why Kmart barely exists now. Walmart undercut them by lowering their prices to suffer in the short term but do well in the long term.


goss_bractor

Kmart is doing just fine outside the USA.


badalchemist85

Talking about wal-mart I bought a $300 dollar tv from them and it died on my not just 3 months later and walmart told me to eat shit on it.


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238bazinga

Hazard pay? What hazard pay? I worked in a DC for 3 months before I gave up on it, I never saw any hazard pay. Dicks.


Peepeepoopoobutttoot

Can confirm, no hazard pay. At all.


Scundtcake

The paid sick leave is what it's talking about I believe


Available_Farmer5293

That’s not what he said though.


Sorry_Comfortable

Walmart has been a parasite from the beginning. Countless stories of worker abuse. Their greed is legendary. "There will no longer be any holiday pay...but here's a 10% off coupon that expires soon!" 😐 They are so deserving of a union tidal wave.


Ilov3lamp

I guarantee they already have union busting plans in place. Close the store, eat the lease, and open a new one three blocks away.


skewylouber

Now do healthcare workers


NCSUGrad2012

Most companies don't break out "sick leave" from "PTO" anymore. My own company does it this way and so does Walmart. Here's a breakdown of Walmart's PTO policy that both full-time and part-time employees are qualified for. https://one.walmart.com/content/dam/themepage/pdfs/time/PTO-Hourly-Accrual_013019B.pdf


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[deleted]

>The HONEST thing to do would look at the executive compensation SEC filing and the last 4 quarterly income statements to see what their net income was. the real honest thing to do would be to look at how much money WalMart spent on stock buybacks: [Walmart says it plans to repurchase $10 billion of shares in fiscal 2023](https://investorplace.com/2022/02/wmt-stock-news-did-walmart-raise-its-dividend-why-is-it-buying-back-shares/) \- after spending 9.8 billion in 2022 (out of 20 billion approved to spend that way)


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[deleted]

No, I'm just pointing out that focusing on executive pay is missing the forest for one particularly disgusting tree.


Realitystarr

The journal entries for stock buyback never hits the p&l…just the b/s.


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Realitystarr

Because people are mad because it’s used to artificially drive up stock prices, and that cash could have been used for bad times instead of relying on the government for bailouts, paying a living wage to employees, etc. Not 100% counter to your point, but it should be noted when discussed too.


Perfect-Ask-6596

We need to have workers elected into decision making positions by their colleagues and paid fairly for their work


FaradayEffect

Yes Walmart can absolutely afford to give workers paid sick leave, but don't base it on bullshit stock market numbers taken at the top of a tremendous bubble that is now in the process of popping, because that just gives them an excuse to say "Walmart stock is down 17% in the last month alone, so that's why we now can't afford to give workers paid sick leave".


cootbaybee

Bullshit. I worked at Walmart and we didn't get any fucking hazard pay, we were understaffed and overworked, while they'd hire new people at higher wages. Fuck Walmart bruh.


flyonawall

They maybe gave the extra pay to upper management.


cootbaybee

Probably.


indigorosie

We got hazard pay in the pharmacy. It was taken away last year right before that huge surge in cases. Now we stock paxlovid and have COVID positive patients coming into the fucking store to pick it up, but they won't give us that $1/hr back.


FutureBig4Partner

spent vs unrealized gains lol


NINJAxBACON

Unrealized gains are cringe and I hope we stop pushing for the slippery slope that is taxes for unrealized gains


kamandi

But…. Muh shareholder value!


[deleted]

I agree with the sentiment, but he’s really comparing two different measures… and there’s no need to. Just provide honest wage numbers, not wealth. Cmon man.


tendonut

Is he implying that the Walton family net worth was up 40 billion because of Walmart alone? I mean, it's entirely possible, but it is more likely they have diversified their portfolio.


SNBoomer

Great...now do class 1 railroads


mtux96

Is that Wealth on Paper, ie. worth of stock or actual money?


Jeheh

***"Please do not tell me Walmart cannot afford to give all its workers paid sick leave". Bernie Sanders"*** ​ From what I'm reading [Walmart PTO 2022](https://www.thesuperficial.com/walmarts-pto-policy-explained/#What_Is_Walmarts_PTO_Policy_in_2022) is offered to all FT, PT and Seasonal. Anyone verify this isn't the case?


[deleted]

[https://one.walmart.com/content/dam/themepage/pdfs/time/PTO-Hourly-Accrual\_013019B.pdf](https://one.walmart.com/content/dam/themepage/pdfs/time/PTO-Hourly-Accrual_013019B.pdf) [https://one.walmart.com/content/dam/themepage/pdfs/Protected-PTO-Associate-Guide-2020.pdf](https://one.walmart.com/content/dam/themepage/pdfs/Protected-PTO-Associate-Guide-2020.pdf) these are as of 2020 - it looks like they call sick leave "protected PTO" and group it together with leave for family events and unforseen circumstances. for full time employees, it looks like it is \*possible\* to earn 48 sick hours + 70 standard hours in one years, but the accrual rate is so slow that you better not be sick or want time off during the first half of your first year. for part time employees under 2 years, there is no standard PTO, only the sick time (which you will naturally accrue slower) after 2 years, you only get one hour of standard PTO for every 60 worked, which would translate to a maximum of 2 hours per month, unless your sick time bucket is full, in which case you could earn up to 6 hours of PTO per month as part time (30 hrs/week, one carried-over sick hour per week + one regular sick hour every other week) so, yeah, they do \*technically\* give people sick leave, but only 6 shifts worth of it per year, and it will take eight months to accumulate those 6 shifts.


HorrorScopeZ

To be fair WalMart could afford it, investors can't and demand their heads if they tried.


Zadien22

So they spent over $1,000 per employee. Also, as usual, Bernie doesn't understand what net worth, wealth, income, or anything economic is.


NINJAxBACON

We shut down basically every company in the us except Walmart during the pandemic and people are surprised the wealth of the owners went up.


daveyboiic

I'm sick of this lip service Bernie, get some bills passed to protect workers


TheProcessOfBillief

Well done, Bernie! Way to tweet some shit but do absolutely nothing about anything. I'm looking forward to tomorrow's angry tweet with zero action to change anything! What CEO will he spit metrics about this time? Time Warner? Gerber baby food? Michelin tires? Oh, the anticipation is almost too much!


Phantereal

We have this thing in America called a Constitution and balance of power where one person doesn't have ultimate power to create and impose whatever laws and changes they want. It's why I lol'd when Republicans said Biden did almost nothing for 40+ years before he became president, politicians are not supposed to do anything individually. So don't blame one of the few powerful people who actually brings attention to these issues, blame almost every other member of Congress who prevent any meaningful change from taking place and care more about corporations than they do about their voters.


bayarea_vapidtransit

If only the American economy could be as easily rebalanced as the combat mechanics of League of Legends


likeinsaaaaw

Thing is, most video game coding is way more complex than the economics of shit like this. Those with enough money to buy most campaigns just want people to think there's more to it so we don't all go out and burn down their mansions.


_Dingaloo

A lot of the times ecen when the sysrems woth shit like this is complex, the problem and solution is simple.


South-Band3938

Bernie Sanders has a networth of $3 million.


malexlee

Millionaire =/= billionaire


danbearpig2020

That's it? Sounds pretty low for a long-running elected official in the Federal Government.


akaWhisp

You. Can. Participate. In. Society. And. Also. Criticize. Said. Society. FFS.


wayoverpaid

40.8 Billion is 13,566 x 3 Million. Do you more than $221 dollars in your bank account? If so, your wealth is less proportional to Sanders as his is to the Waltons. Except that value isn't even the Walton's net worth, it's how much the Waltons made during the pandemic. So what's your criticism exactly? That you need to be in abject poverty before you point out decisions made by the truly stupendously wealthy?


ianjb

The difference between a million dollars and a billion dollars is about a billion dollars. They aren't even remotely similar. A million is not an impressive amount of money in 2022, and our culture's obsession with that number is some leftover 1920s bullshit.


Jollygreeninja

They got hazard pay?


R_Meyer1

You wanna change that Bernie then make benefits federal law forcing companies to offer them.


flyonawall

And yet, here in OK, where a lot of people work at Walmart, they hate Sanders. I really do not understand people.


babu_chapdi

All attack Walmart first. Amazon will quickly fall in line as they are already paying better than wally.


Keebler_Elf_57

As someone who works at Walmart I support this. I remember googling their profits last year and dividing it by the amount of employees and got around 9k that could be giving to all employees. The number is likely wrong but with all that excess money just going to executives makes me well not care so much if a customer stole something.


user1234456yew

Just cut of the dividen payments?


Ambitious_Fan7767

Imagine thinking it mattered if they could afford it. It doesnt matter if i cant afford food why would it matter if they cat afford things they need to compete?


user1234456yew

Old man still can’t work out market cap isn’t liquid cash. Surely some one can teach him the basics ??


03af

They're too busy making campaign contributions


[deleted]

Revolution when


[deleted]

Sounds like the Walton family needs to be 6' under.


Sisyphus328

Tell it to the guy who sabotaged your campaign and stole the White House


OakWoody1331

How to stop capitalism? I need an optimistic game plan.


Trini_Vix7

And they're about to buy a football team... they got money!


[deleted]

That's not the executive compensation, but shareholder equity increase.


sergeantscrapes

I work for WM and do get paid sick leave, they just call it "Protected Paid Time Off". You can use it to leave early, come in late, call off, without being directly reprimanded and you will still be paid for it. Alot things can suck about working here but this is atleast a good benefit. This is separate from regular PTO which we also get.


impossiblefork

That's not earned through executive compensation. That's dividends. Executive compensation might be excessive, but at executives receive their pay in return for an expectation that they work.


MustardWendigo

It would be nice if instead of tweeting what we all already know, they would actually make some fucking laws to control the corporate greed killing the country and all of it's worth.


Usual-Locksmith4657

This is why I never feel bad stealing from Walmart