Walmart's New Management Salary
Walmart CEO John Furner has introduced a new salary structure for the company's top-performing managers, with salaries reaching up to $620,000 per year.
The goal of this move is to make managers "feel ownership" of the company, as stated by CEO John Furner:
“What we did last year was make managers feel like owners.”
This decision is seen as a strategic move to boost productivity and job satisfaction among key employees, rather than an act of generosity.
As a corporation valued at over $800 billion, Walmart's decision to invest in its management team is a significant one, especially in the current economic climate.
Author's summary: Walmart raises manager salaries to $620,000.
- Salary: up to $620,000 per year
- Goal: make managers feel like owners
- Corporation value: over $800 billion