Three Takeaways from the 2017 Annual Report
28 May 2018
Copyright
© 2018 – It’s Not Sam’s
Walmart…..Anymore!
With it being just days from Walmart’s Annual Orgasm (Meeting), we
found many takeaways in the annual report, here are the top three.
“It’s Our People, Our Culture, Our Purpose…”
Sadly, the people, the culture, and the purpose of Walmart have been
long destroyed, period.
Liberals that took over Walmart in the early part of the last decade
made sure of that, by pushing out the people that made Walmart, destroyed the
culture Mr. Sam created, and slaughtered the company’s purpose.
Mr. McMillion does not the people or culture, and has squandered the
resources to Make Walmart Great Again on purchases of businesses that do not
fit.
Mr. McMillion, you need to get back to square one, rebuild the people,
rebuild the culture, and rebuild the brick and mortar business, that is where
the money is.
“Earlier this year, we
increased the starting wage for our U.S. associates to $11 per hour”
Setting a minimum starting wage is a huge liberal mistake.
Example, when I began with Walmart, I was hired on above minimum wage,
I left Walmart some 10 years later making more per hour working part-time with
Walmart that I was working full time with a Hospitality company, and I already
had almost 15 years in service there.
One of the biggest issues, especially those last few years at Walmart
is when the liberal leadership made it next to impossible for those who
exceeded, such as me, to get any meaningful raises. Those policies also made it difficult to get
those that were not Walmart material out the door.
Here’s one Mr. McMillion you need to do a roll back on. Market based wages (especially in the city
where I worked), were well above minimum wage, and still are.
Last, but not Least, “last fiscal year we reached more than $500
billion in revenue for the first time as a company”
This is where I say “where is the beef?”
Or in this situation “Where is the Income”
As an individual trained in accounting, I love to dig in Annual
Reports. This one is scary.
Operating income has dropped 6.435 billion dollars since fiscal year
2014.
That’s
a 23.95% drop
You cannot expect to stay a going concern if your operating income is
dropping, period. Walmart’s ship is
sinking, and if action is not taken, Walmart will soon join the other great
brands that have failed and are either liquidating or have become history.
Other takeaways?
There are plenty of them, from the leadership team being paid
excessively, to the unnecessary store closings due to the gross mismanagement
of Walmart.
What Can Be Done?
If you are a Walmart shareholder, revote your proxy “Against” each and
every Director Nominee. If you have not
voted your shares, please do so prior to the cutoff time.
The Walton family has heard us before when we voted “Against” the
leadership change, and they need to hear from us again, as apparently they do
not care about the fact their wealth and trusts are being wiped out by this
liberal bunch in charge.
Coming soon from “It’s Not Sam’s Walmart Anymore”,
·
“My Walmart Story” – why I am on the outside
looking in, and yes, it does include a lot of sexual harassment across over 10
years.
·
“Lies, Lies, and profit taking” – how Walmart’s
leadership profited from selling stock in late 2017 in a story oddly similar to
what K-Mart’s leadership did many decades prior.
·
“Store Reviews” – I’m out and in stores taking
notes, most recently an associate who should have been stocking freezers but
instead texting away on the company dime, apparently the mis-management of that
store needs a nudge.
We are #MakingWalmartGreatAgain one article at a time!
It’s Not Sam’s Walmart…..Anymore! is here to educate our readers, in order to return Sam Walton’s beliefs, values, and rock solid business model, that stresses Customer Service and Value to each an every Walmart guest!
Your writer, chief cook, and bottle washer (just kidding) of “It’s Not Sam’s Walmart….Anymore!”, is not only a former associate of over 10 years, he has held shares of Walmart for over 34 years, and met Mr. Sam quite by accident in the Summer of 1981 in one of his Arkansas stores, and learned more about running a successful business in 20 minutes than any college could have taught. As a shareholder, I am required to note that I have not, and have not bought or sold any Walmart shares, and have no plans to do such
.
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