Friday, June 29, 2012
Walmart and Inequality
Walmart is an American multinational retail corporation that runs chains of large discount department and warehouse stores. The company is the world's 18th largest public corporation, and the largest when ranked by revenue. It is the biggest private employer in the world with over two million employees, and is the largest retailer in the world. Walmart remains a family-owned business and is controlled by the Walton family who own a 48% stake. The six heirs of the founders of Walmat have a total wealth that equates to that of the bottom 30% of the people of the USA. See.