Berkeley CSUA MOTD:Entry 30617
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2021/12/03 [General] UID:1000 Activity:popular
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2004/6/4 [Health/Women] UID:30617 Activity:high
6/4     "If 50 percent of the people applying for the job of store
        manager are women, we will work to make sure that 50 percent
        of the people receiving those jobs are women," Scott said.
        "My bonus next year could decline by as much as 15 percent if
        I don't live up to my diversity goals."
        http://csua.org/u/7lh
        \_ Uh, what about other variables, like qualifications?  The object
           of discrimination lawsuits is to prove there exists a _direct
           causal link_ between gender and hiring. -- ilyas
           \_ You do know that quotas are illegal in any government-funded
              institution?  I also realize that Wal-Mart is private sector,
              so the law requires something different, perhaps just as you've
              described.
              \_ I believe what I've described had to be proven in the
                 infamous Berkeley discrimination suit.  There was an added
                 twist -- if you looked at overall statistics, men were
                 more likely to be admitted than women, but in each
                 specific department, the opposite was true.  If that seems
                 odd to you, you are not alone.  Statisticans call that
                 'the Simpson paradox.' -- ilyas
                 \_ So, do you know that quotas are illegal in any
                    government-funded institution?  This was also a result
                    of the infamous Berkeley discrimination suit.
                    \_ It's good quotas are illegal, but there are effectively
                       quotas in most government jobs.  Just look at a picture
                       of NASA folk working on the shuttle some time, and put
                       people in gender and race bins, and compare to
                       frequencies in the US population. -- ilyas
        \_ A private-sector quota system!  At Wal-Mart!
           \_ The big Boss giveth, and the big Boss can taketh away.
        \_ If 50% of the applicants are morons, half of the hires will be
           morons!
           \_ Wrong!  At Wal-mart, ALL the hires will be morons,
              regaurdless!
Cache (4593 bytes)
csua.org/u/7lh -> money.cnn.com/2004/06/04/news/fortune500/wal_mart/index.htm
Parija Bhatnagar, CNN/Money staff writer NEW YORK (CNN/Money) - Under fire for its employment practices, the world's largest retailer Wal-Mart Stores on Friday overhauled its policies on pay, promotions, diversity and how cashiers are notified of their breaks. Wal-Mart CEO Lee Scott unveiled the changes during the company's annual shareholder meeting in Fayetteville, Ark. Scott said the adjusted pay structure, which will give raises to some employees, is intended to make Wal-Mart more competitive in attracting and keeping workers. He said "no one's pay will be reduced" as part of the adjustments, but he did not offer any further details about the plan. "We have to make sure that Wal-Mart is a great place to work and that every employee has equal pay and compensation opportunities," he said. "Any manager who does not understand this prior point has no place with Wal-Mart. With that said, we want to make sure that every Wal-Mart employee knows what we are doing on your behalf." Wal-Mart, which employs 13 million workers and is the nation's largest private-sector non-union employer, has been a lightening rod for dozens of lawsuits against it alleging wage-and-hour violations and gender discrimination. illegal immigrants through a contractor and underpaying those employees. Among some of the other changes, Scott said the company would establish an office of diversity and an automated lunch break messaging system that would alert employees to take their breaks on time. "If 50 percent of the people applying for the job of store manager are women, we will work to make sure that 50 percent of the people receiving those jobs are women," Scott said. "My bonus next year could decline by as much as 15 percent if I don't live up to my diversity goals." Wal-Mart tries to charm with star power The gathering of about 18,000 Wal-Mart shareholders held true to its reputation of being a cheerleading fest. Attendees were entertained with a performance of the classic "Lady Marmalade" from R&B legend Patti LaBelle, who used the opportunity to plug her new CD entitled "It's a new day." Daytime TV actress Susan Lucci and Hollywood actress Halle Berry also added more glamour to the event. But once the pomp and show faded, the topic turned to more serious matters, primarily the issue of Wal-Mart's reputation. "It's been a tough year and it's not getting any easier," Coughlin told shareholders. "We've heard all kinds of negative things, some of which are blatantly false. All this negative publicity impacts people who interact with Wal-Mart." "We're not going to please everyone and we know that," Coughlin added. "Sam Walton had said you shouldn't worry about what's written in the newspaper. At the same time, we also need to tell our story better." In an afternoon presentation with analysts following the shareholders meeting, Scott joked that he didn't want shareholders to think that "all we were doing was spending all the time on defending our reputation." At the same time, he said that he thought it was "important that we handle the reputation issue well." defeat in Inglewood, Calif in April where voters rejected the company's proposal to build a Wal-Mart supercenter, Scott said he regretted the outcome. I hope we have another opportunity to do things right," he said. Howard Davidowitz, an independent retail consultant, said he's not surprised that Wal-Mart would address its image concerns. "Unions are focused on this company and these lawsuits are only increasing," Davidowitz said. "The other thing that both shareholders and analysts will focus on is: Where does Wal-Mart go from here? Tom Schoewe, Wal-Mart's executive vice president and chief financial officer, addressed that question during the meeting. "One of the most often asked questions is, how do you grow a $256 billion company? Build new stores and clubs, increase our comparable store sales and through acquisitions," he said. Estimates), which operates 3,586 stores in the United States and about 1,500 more overseas, last year logged annual revenue of $256 billion. For the fiscal year 2005, the company plans to open 230 to 240 new supercenters, 40 to 45 new discount stores, 35 to 40 new Sam's Club warehouse stores and 25 to 30 of its neighborhood stores. May, he's concerned about a possible sales slowdown in May "High gas prices have a dampening effect on spending because it lessens discretionary spending," Scott said. "Eventually this will have some impact on our comparable sales." Wal-Mart expects to spend about $11 billion in capital expenditures in its current fiscal year.