The Terrible Economy Just Claimed Another Victim: Walmart's U.S. CEO

[Maverick74]

The sluggish U.S. economic recovery just claimed another job.

Bill Simon, CEO of Walmart U.S., is stepping down, Walmart announced on Thursday. Simon's tenure was marked by a long stretch of poor performance, but bad luck might have played a role in that: He held the post during a particularly terrible time for low- and middle-income Americans, who are also Walmart's core customers.
more . . .

Of course, he got a 4.5 million dollar severance package.

Poor thing.

I don't know what you are talking about. Democrats say this economy is booming and the President tells us we are firing on all cylinders. He wouldn't lie to us would he?

 

[jem]

I just reread this thread... and frankly I am surprised how well timed this post was.
Well done.

"Wal-Mart Stores warned Friday that cuts to the nation's food stamps program late last year will hurt its bottom line."

Clearly, the problem is that the government is not giving money away fast enough.

http://money.cnn.com/2014/01/31/news/companies/walmart-food-stamps/