S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Companies and Brands

Wal-Mart Calling for Higher Minimum Wage?

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Wal-Mart (WMT) issued a press release today calling for support in a minimum wage increase, and even disclosed that Lee Scott had called for a hike in the minimum wage in October 2005.  Wal-Mart is trying to convey a "freindlier them" with this statement, particularly if you consider it is on the back of that recent new ad campaign (which I said seemed too late and trying not to seem too empty-hearted).

It is still suspect and they still need to not only make these positive PR ploys, they need to focus on doing more fun things publicly and then they need to make their shopping experience more fun and more palatable.  That will be a start, and maybe Lee Scott and company made "making a nicer and less dogmatic impression" part of their new years resolutions.  I am still under the impression that this is too little too late, but if he can keep it up he might actually save his own job and might even get to come off 24/7 Wall St.’s 10 CEO’s that need to go list.  If they will stop changing work schedules and the like it would help, because they are the most scrutinized company in America.  We’ll see.

Jon C. Ogg
January 10, 2007

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Could Wage Increases Hurt McDonald’s as Much as Wal-Mart?
Trey Thoelcke |

Could Wage Increases Hurt McDonald’s as Much as Wal-Mart?

If McDonald's continues to listen to consumers’ desires, perhaps its profits will continue to rise, even though it will be…
Companies Paying Americans the Least
Mike Sauter |

Companies Paying Americans the Least

[cnxvideo id=”625490″ placement=”ros”] Wal-Mart, the world’s largest company and private employer, recently raised the minimum wage of its employees to…
Douglas A. McIntyre |

Wal-Mart Flirts With 52-Week Lows; Will Lee Scott Consider His Future? (WMT)

Retail behemoth Wal-Mart (NYSE:WMT) has graced us today with a dubious 52-week low.  If this gets under and closes under…
Douglas A. McIntyre |

Can Walmart and McDonald’s Afford a $15 Minimum Wage?

courtesy Wal-Mart Stores Inc.The holiday season seems as good a time as any to question whether Wal-Mart Stores Inc. (NYSE:…
Paul Ausick |

Has Wal-Mart Warning Killed Higher Minimum Wage?

In its statement Wednesday, Wal-Mart said it expects an impact of $1.5 billion on operating income in fiscal year 2017…
Douglas A. McIntyre |

Companies That Need A Headcount Reduction: Wal-Mart

Wal-Mart (WMT-NYSE) may find itself with little choice, although there are ways it can accomplish the same end-result without the…
Douglas A. McIntyre |

Wal-Mart Still Masquerades As A Growth Stock (WMT)

If you want the best analysis you can get on Wal-Mart (NYSE:WMT), it’s hard to get past the initial reactions…
Paul Ausick |

Why Wal-Mart Trades Near 52-Week Low

courtesy of Wal-Mart Stores Inc.When Wal-Mart Stores Inc. (NYSE: WMT) reported fiscal first quarter earnings last week, investors were underwhelmed.…
Douglas A. McIntyre |

Are Walmart’s New Ways to Help Employees Pay Bills a Way to Hold Off Raises?

Walmart has set a new series of programs to allow its employees access to part of their pay before they…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618