Sanders speaks to Walmart brass – Arkansas Online

Sanders speaks to Walmart brass – Arkansas Online

Marissa Mayer
ROGERS -- Presidential candidate U.S. Sen. Bernie Sanders made a brief appearance at Walmart Inc.'s annual shareholders business meeting Wednesday. Speaking for less than three minutes, he presented a proposal asking the company to give hourly workers a seat on the board. Sanders, an independent from Vermont who is running as a Democrat, was invited to the meeting by Walmart employee Carolyn Davis, who submitted the proposal. Only shareholders or their proxies and invited guests of the company were admitted to the meeting, which was held at the John Q. Hammons Center in Rogers. Presenters were allotted three minutes in which to speak. .

Sanders, who spoke second, finished in two minutes and 51 seconds. As a senator and a presidential hopeful, Sanders has challenged large companies like Walmart and to raise their minimum wages to $15 an hour. He took the opportunity Wednesday to do so again, saying the Bentonville retailer is owned by the nation's richest family, collectively worth about $175 billion, yet pays its employees what he termed "starvation wages" that force them to turn to government aid to survive. "The American people are sick and tired of subsidizing the greed of some of the largest and most profitable corporations in this country, " Sanders said. "They are also outraged by the grotesque level of income and wealth inequality in America, as demonstrated by the CEO of Walmart making a thousand times more than the average Walmart employee." Gallery: Bernie Sanders at Walmart meeting Sanders pointed out that Walmart President and Chief Executive Officer Doug McMillon received $23.6 million in total compensation last year. According to the retailer's annual proxy statement, that's 1, 076 times employees' median pay of $21, 952. McMillon's pay ratio was down 9.4% from the previous fiscal year, however, and median employee pay rose 14.5%. Walmart ....

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