Wal-Mart .vs 1 Million Women
Wal-Mart is the nation's largest employer. It is also the most sued entity, even more so than the U.S. government. While a good chunk of the latter may be because it is such a huge target, where there's lots of smoke, there's probably some fire.
In a case that has been brewing since 2001, the case of 1 million women filing a class action suit against Wal-Mart for discrimination looks like it is headed for the Supreme Court.
You check out an actual news article on the latest developments in the case here.
What will the Supremes do? Given Wal-Mart's arrogance when it comes to being held accountable, such as spending millions to avoid a $7,000 fine in the case of a temp worker trampled to death, the Court may let it proceed. Two lower courts have already ruled on this in favor of letting the case proceed as a class action suit.
Wal-Mart's revenue is in the neighborhood of half a trillion dollars. Their profit in 2009 was $14 billion. But a case this size could actually hurt given the numbers. We're not talking bankruptcy hurt, but it would give them a bloody nose for the fiscal year. Will it be enough to make them change their ways?
Ironically if Wal-Mart had settled the case when it was 7 women, they would have gotten away with a pittance compared to what they'll pay if they lose now. Kind of like spending millions to avoid a $7,000 fine.
In a case that has been brewing since 2001, the case of 1 million women filing a class action suit against Wal-Mart for discrimination looks like it is headed for the Supreme Court.
You check out an actual news article on the latest developments in the case here.
What will the Supremes do? Given Wal-Mart's arrogance when it comes to being held accountable, such as spending millions to avoid a $7,000 fine in the case of a temp worker trampled to death, the Court may let it proceed. Two lower courts have already ruled on this in favor of letting the case proceed as a class action suit.
Wal-Mart's revenue is in the neighborhood of half a trillion dollars. Their profit in 2009 was $14 billion. But a case this size could actually hurt given the numbers. We're not talking bankruptcy hurt, but it would give them a bloody nose for the fiscal year. Will it be enough to make them change their ways?
Ironically if Wal-Mart had settled the case when it was 7 women, they would have gotten away with a pittance compared to what they'll pay if they lose now. Kind of like spending millions to avoid a $7,000 fine.
Labels: business, evil empire
posted by Oz at 6:00 AM
2 Comments:
And the blood sucking lawyers make millions, while the 1 million women each get checks for $175.92.
The lawyers must love cases like these that drag on for years. Guaranteed income.
Post a Comment
<< Home