Walmart Revolutionizes Salaries for Top Managers
Walmart CEO John Furner has introduced a significant change in the salaries of the company's top-performing managers, offering up to $620,000 per year.
The retail giant's decision is not an act of charity, but rather a strategic move to boost productivity by making managers "feel ownership" of the company.
“What we did last year was make managers feel like owners.”
This move is particularly notable in the current economic climate, where many would expect a company like Walmart to be cautious with employee salaries. With a valuation of over $800 billion, Walmart is investing in its key employees to drive success.
Author's summary: Walmart CEO John Furner boosts top managers' salaries to $620,000.
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