General Motors, Ford, and Chrysler.
2007-06-23 04:00:46
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answer #1
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answered by acermill 7
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The following company is NOT struggling.
Does Wal-Mart do good things for people and have they improved ?
YES, but not without problems
Samuel Robson Walton only cares for net profit and improves the corporation because of legal obligation and public opinion and he does not improve pro-actively.
He and the Executive Board do everything legally to keep a lot of the net profit.
Wal-Mart makes their money
1) Cutting/lowering Payroll is on the top three of priorities,
2) Forcing people to wait one year before qualifying for health and dental insurance,
3) Having to wait 7 years before becoming 100% vested otherswise they have to share profits,
4) Understaffing; undermployment such as part-time instead of full time and underpay,
5) Hiring Part-Timers instead of Full-Timers to maximize pay roll.
6) Buying cheap tools and software and enjoying easy tax write-offs,
7) The less people that retire the more money they keep
8) always legally reformulating accounting practices,
9) started a "club' within a "club." it means that every department has to pay rent and their tools. the managers do not pay for their office space and their supplies.
10) really stupid regulations such as the door greeter not allowed moving off a pad.
11) Delaying repairs on equipment and holding on supplies.
12) The highest position in the accounting field is called Actuarial and Wal-Mart maximizes them to the fullest.
AND
13) Their exlanation for not giving decent pay is that management has to resport profits to the shareholders and the Walton Family (The owners of Wal-Mart) own about 61 percent, the Board of Directors own about 15 to 20 percent and the rest to miscellaneous.
This may be a reason why Wal-Mart really makes a great net profit.
They HAVE an anti-union staff to go were people want to form a union.
Tom Coughlin who was the second in charge at Wal-Mart alleged that they had anti-union accounts hidden around and conduct aggressive training for managers to stiffel the creation of a union at Wal-mart.
Mr. Coughlin was betrayed by the Code of Silence and fear that they would be fired if they told the truth.
In September 2006 Wal-Mart stopped giving merit raises.
Promotions are stagnant and only what managers that exploit rather than give opportunities.
All of their improvements come from legal action.
If Wal-Mart kept a lot of what the founders promises of improving their life through intelligent and long hours of work, the associates would not get better raises, BUT better bonuses
If Wal-Mart wants to improve, then they should
find ways of improving giving bonuses in a way that bankruptcy is avoided.
Samuel Robson Walton does not have to act like his dad, but only cares about making money for himself.
2007-06-23 11:11:06
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answer #2
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answered by American Dissenter 5
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Bally's & Ford Motor Company are struggling daily to keep their ships afloat.
You know what they say about FORD: Each letter stands for something, see below:
Found On Road Dead
Fix Or Repair Daily
That sums it up. The company makes crappy cars.
As for Bally's, their stock is at a mere 25 cents a share.
2007-06-23 11:07:46
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answer #3
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answered by Sustagurl2 7
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These two companies have never made a profit, and have been losing money hand over fist since inception. Sirius satellite radio (SIRI), and XM satellite radio (XMSR).
2007-06-23 21:46:34
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answer #4
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answered by Anonymous
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