Saturday, February 26, 2005
Well sure, but as management he doesn't get overtime when he works more than forty hours a week...and that's not fair.
Via an post over at The Next Left (which is becoming one of my favorites), we have this interesting tidbit that you might want to drop into dinner conversation with friends tonight:
Wal-Mart employees average only $8.23 an hour in wages ($329 for a 40-hour week). By contrast, CEO Lee Scott received $295,530 a week in 2003. More than 62% of his $15.3 million in compensation was in the form of stock options or restricted stock.
For a forty-hour week, that works out to $7,388.25 per hour so he makes $7,380.02 per hour more than his average employee. That doesn't include tips, of course.