Walmart Dumped By Pension Fund Over Poor Worker Conditions

Thursday, January 5, 2012 Walmart Dumped By Pension Fund Over Poor Worker Conditions A major pension fund and longtime investor in Walmart has blacklisted the retailing behemoth, citing poor labor practices and the company's anti-union stance as the driving force behind its rejection. Walmart typically shrugs off criticism of its labor practices as union-driven propaganda and insists that its employees are happy and well-managed, but investing experts say that when one of the largest pension funds in the world divests, the company would be wise to listen to the message. It's the same message the American labor movement has been pushing for decades. TAXING PROBLEM: Why Millionaires Should Think Twice Before Evading Taxes Corzine Shopped For What During His Firm's Collapse? Why Renting Is Better Than Owning, Bernanke's Take Retailers Seduced Shoppers With Deals In December Congress Grills Credit Agencies Over MF Global Collapse BLOG POSTS Jeff Reeves: Jobs Numbers Rise, but Big Businesses Still Make Big Layoffs Like it or lump it, businesses cannot accept falling profits. And if they don't have confidence in their growth prospects, the only way to achieve that is to cut costs. Sec. Hilda Solis: It's Cold Outside... and I'm Thinking of Summer (Jobs) My parents were first-generation Latino immigrants. I had six siblings. My family didn't have a lot of money. My friends' families didn't have a lot of money. So to get ahead, we had to work twice as hard. And to find a summer job, we sometimes had to look twice as hard. Harlan Green: Government Has to Work -- or Else What we need to do instead is embark on a massive investment program -- as we did, virtually by accident, 80 years ago -- that will increase our productivity for years to come, and will also increase employment now. Michael Berkowitz: Occupy Next Step: Reinvesting Our Money! Some of the most constructive attempts at change have taken place in local agencies where progressive political leaders have used their powers creatively. Jonathan Silverstone: #OccupyLA ... Angels? As the popular movement spurred by Occupy Wall Street calls into question pervasive corruption and greed in America, athletes and the sports world as a whole seem completely immune from any similar public scrutiny.

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