Categorized | General Interest

The Beast Just Can’t Help It

This is just a renegade company that can’t help itself. Greed is endemic.

Via Reuters:

Wal-Mart Stores Inc, the biggest U.S. private sector employer, said on Tuesday that its 1.3 million workers would have to pay more for healthcare and it would end benefits for some part-time staff in a move that could prompt other companies to follow suit.

The world’s largest retailer said it would raise health insurance premiums for its entire U.S. workforce beginning in January. In addition, Wal-Mart will end coverage for employees who work fewer than 30 hours a week, a change that will impact 2 percent of U.S. workers, or about 30,000 people.

And just so we don’t forget: the four Walton heirs–Christy, Alice, Rob and Jim–are four of the top ten richest Americans, according to Forbes, with a collective net worth of $144 billion.

Disgusting doesn’t begin to describe this.

 

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