Walmart's New Salary Structure for Top Managers
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 strategy is expected to increase productivity and job satisfaction among Walmart's key employees, despite the current economic climate.
As a corporation valued at over $800 billion, Walmart's decision to offer high salaries to its top managers is seen as a smart business move rather than an act of charity.
Author's summary: Walmart CEO increases top managers' salaries to $620,000.
- Salary: up to $620,000 per year
- Goal: to make managers feel like owners
- Expected outcome: increased productivity and job satisfaction