Walmart's New Salary Strategy
Walmart CEO John Furner has introduced a new salary scheme for top-performing managers, offering up to $620,000 per year.
This move aims to make managers "feel ownership" of the company, as stated by Furner:
“What we did last year was make managers feel like owners.”
With a corporation valued at over $800 billion, this strategy prioritizes happy and productive managers, contradicting expectations of a stingy approach in the current economic climate.
Key points of Walmart's new strategy include:
- Salaries of up to $620,000 per year for top-performing managers
- Aiming to make managers feel like owners of the company
- A departure from expected stinginess in salary distribution
Author's summary: Walmart revolutionizes salaries for top managers.
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