December 27th, 2004


Wal-Mart Is The Enemy - Really!

I hate Wal-Mart. I used to shop there. But then I got wise. Unfortunately, lots of people I know - my husband, my father, my friends - still shop there. And I know I got gifts from there this year. I complain and moan about Wal-Mart but don't really do anything about it. Well, those days are over. One of my commitments for 2005 is to stop people I know from stepping foot into and spending money in what amounts to the modern version of feudalism.

Thanks to 1_more_1nce in ljdemocrats for this information.

"Jane Sims always knew her husband was a valuable employee to Wal-Mart. She just didn't know how valuable.

Sims discovered recently that Wal-Mart, the company her husband, Douglas, worked for before he died, had taken out a life insurance policy in his name.

When Douglas Sims died in 1998 of a sudden heart attack, Wal-Mart received about $64,000. She got nothing from that policy.

'I never dreamed that they could profit from my husband's death,' said Sims, whose husband worked in receiving at Wal-Mart's distribution center in Plainview for 11 years.

Companies routinely take out secret life insurance policies on the lives of their low-level employees and collect thousands of dollars when they die. The families never know the policies are in place and typically receive none of the money."

"In a chilling reversal of Henry Ford's strategy, which was to pay his workers amply so they could buy Ford cars, Wal-Mart's stingy compensation policies--workers make, on average, just over $8 an hour, and if they want health insurance, they must pay more than a third of the premium--contribute to an economy in which, increasingly, workers can only afford to shop at Wal-Mart."
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