Walmart CEO discusses issues with managers in "Lee's Garage"

Workers Comp Insider has a post today about a really interesting article in today's New York Times about a [no longer] confidential website used by Wal-mart CEO H. Lee Scott to communicate with the company's managers. As a part of the website,which is called "Lee's Grarage," company managers can ask the CEO questions. Recently, one manager asked why "the largest company on the planet cannot offer some type of medical retirement benefits?" Doesn't seem like a terribly out of line question given the PR basting that Wal-mart has taken over the last year or so over this issue.

Here is CEO Scott's response:

"Quite honestly, this environment isn't for everyone. There are people who would say, 'I'm sorry, but you should take the risk and take billions of dollars out of earnings and put this in retiree health benefits and let's see what happens to the company.' If you feel that way, then you as a manager should look for a company where you can do those kinds of things."

Translation: You'd better hope this website is anonymous buddy.

Last year, Mr. Scott received more than $17 million in compensation (including medical benefits).

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