Amidst Record Stock Prices, Walmart Slashes Starting Pay - Analyzing The Disparity Between Shareholder Gains And Employee Wages
Portfolio Pulse from Zaheer Anwari
Walmart has decided to reduce the starting pay for new employees by about $1. Despite this, Walmart's stock price has been on a significant rise, reaching new record highs. Since November 2015, the stock has surged by 190%. The stock closed at $164.64 on September 15, trading down by 0.37%.
September 18, 2023 | 4:05 pm
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Walmart's decision to reduce starting pay for new employees has not negatively impacted its stock price, which has been on a significant rise. The stock has surged by 190% since November 2015 and reached new record highs.
Despite the decision to reduce starting pay for new employees, which could potentially lead to labor issues and negatively impact the company's reputation, Walmart's stock price has been on a significant rise. This indicates that investors are more focused on the company's financial performance and growth prospects than on its labor practices. The stock's upward trend since November 2015, along with its resilience in the face of market volatility, suggests that it is likely to continue performing well in the short term.
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