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Old February 8th, 2006, 08:31 AM   #1
Just a Spouse
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Default Fortune magazine update on Walmart

From Andy Sewer this morning:
WAL-MART: Lots of moving parts here, (aren't there always?) First the Beast of Bentonville is striking back in Maryland after the state legislature passed a law last month mandating that the company spend 8 percent of its payroll on healthcare. A trade group backed by Wal-Mart is filing a lawsuit claiming that the law violates federal statutes. Knew that was coming... :dunie: Also the company plans to open another 1,500 stores in the U.S. in addition to the 38,000 plus it already has! WMT opened up a record 69 in January. Wow!... Also company is upgrading at least 1,800 of its stores, according to the Wall Street Journal, to include wood paneling, low displays so you can see into the next aisle (horrors!), and get this, buffed concrete! That's upscale? I'm told it is! :tonka: ... Stock hasn't gone anywhere for six years, just getting cheaper. At some point I say this baby will move again....
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Old February 8th, 2006, 08:40 AM   #2
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All things shall come to pass . GM Ford and one day Wall mart . Like dinosours all the giants fall sooner or later . With out the goverment Chrysler would have fell long ago .

Even my first wheeler has came to pass .

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Old February 8th, 2006, 12:05 PM   #3
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I'm not sure how any government agency can force a company to spend 8% on its employee's healthcare.

Grandman: how would that settle with you if you had to set aside a mandated amount for health care for your employees? :gman:
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Old February 8th, 2006, 12:43 PM   #4
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Originally Posted by Just a Spouse
I'm not sure how any government agency can force a company to spend 8% on its employee's healthcare.

Grandman: how would that settle with you if you had to set aside a mandated amount for health care for your employees? :gman:
Id fire them and work by my self , thats no joke either . A shop the size of mine can not even think of a health care plan . Some years ago i put Blue cross in for the guys . with in 1 year it had trippled in cost .
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Old February 8th, 2006, 02:05 PM   #5
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... wal-marts around my area don't even get that much traffic .. i see this going the way Circuit City did a couple years back before they did their major revamp in hopes of saving the company.. they were about to go under when they slimmed down the products carried (home furniture and appliances).. and closed many of their smaller market stores.. I don't honestly see a need for walmart to make more stores but whatever.. ive only shopped in one maybe a less than a handful of times..

as far as health care.. i think they need to offer their full time employees a benefit package that would be competitive in the retail world.. if that requires them to spend 8% than so be it..
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Old February 8th, 2006, 02:06 PM   #6
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Quote:
Originally Posted by Grandman
Id fire them and work by my self , thats no joke either . A shop the size of mine can not even think of a health care plan . Some years ago i put Blue cross in for the guys . with in 1 year it had trippled in cost .
there are several options out there for small business's that make better sense.. blue cross blue shield isnt one that is known for catering to small business's..
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Old February 8th, 2006, 03:28 PM   #7
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Originally Posted by nyxis
there are several options out there for small business's that make better sense.. blue cross blue shield isnt one that is known for catering to small business's..
had the same luck with a couple other companies also . Damn near like a racket , low ball you to get you in then every month a nice increase on the bill .

The vast majority of folks with no insurance in this country are , or work for a small company like mine . Yes that includes Miff and I as well , no insurance at all . We put the ins check in an account now and use it that way . The last ins we had for Med was limited to $100,000.00 any way .
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Old February 9th, 2006, 07:43 AM   #8
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Yeah well, even if you have health care, its typically a big hassle to get them to pay.

I miss the good old days when everyone had Blue Cross Blue Shield, and they just paid for just about everything, and it didn't cost a dime out of pocket. No hassles!
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