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Saturday, November 16, 2013

Ten Companies Paying Americans the Least

4. Kroger
> U.S. workforce: 343,000
> CEO compensation: $11.1 million
> Revenue: $96.8 billion
> Net income: $1.5 billion
> No. of U.S. stores: 2,418

The Kroger Co. (NYSE: KR) employs 343,000 workers in 2,418 stores across the country. The company operates stores under several names, including Kroger, City Market, Dillons and others. A majority of Kroger’s employees are covered by collective bargaining agreements between the company and different unions. In the past few months, Kroger has agreed to terms with unions covering thousands of workers in Virginia and Texas. Kroger’s net profit was $1.5 billion at the end of the most recent fiscal year.

1. Walmart
> U.S. workforce: 1.4 million
> CEO compensation: $20.7 million
> Revenue: $469 billion
> Net income: $17.0 billion
> No. of U.S. stores: 4,759

There are 1.4 million Wal-Mart Stores Inc. (NYSE: WMT) associates working at the company’s 4,759 U.S. stores. Walmart recently announced it would launch Black Friday sales at 6 p.m. on Thanksgiving Day. Critics of Walmart see this as adding insult to injury — forcing retail workers who already earn low wages to cut holidays short. Criticisms like these have been part of an onslaught of claims that Walmart underpays its workers. Walmart disagrees, saying that “for tens of thousands of people every year, a job at Walmart opens the door to a better life.” According to the company, a full-time hourly wage is $12.83. Some argue that the company’s number is inflated, however, reflecting the salaries of higher-paid employees. Hourly wages for sales associates are less than $9.00, according to Glassdoor.com. Walmart’s net income rose to $17 billion last year.



Read more: Ten Companies Paying Americans the Least - Wal-Mart Stores (NYSE:WMT) - 24/7 Wall St. http://247wallst.com/special-report/2013/11/15/ten-companies-paying-americans-the-least/#ixzz2kqTbu2YU
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Read more: Ten Companies Paying Americans the Least - Wal-Mart Stores (NYSE:WMT) - 24/7 Wall St. http://247wallst.com/special-report/2013/11/15/ten-companies-paying-americans-the-least/#ixzz2kqT9mAZa
Follow us: @247wallst on Twitter | 247wallst on Facebook

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