Walmart's New Salary Strategy
Walmart CEO John Furner has introduced a new salary structure for top-performing managers, offering up to $620,000 per year.
This move aims to make managers "feel ownership" of the company, as stated by Furner:
“What we did last year was make managers feel like owners.”
The retail giant, valued at over $800 billion, believes that happy and satisfied managers are more productive and beneficial to the company.
This strategy is a departure from what many would expect from a company like Walmart, especially in the current economic climate.
Author's summary: Walmart CEO increases salaries for top managers.
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