Friday, 27 April 2012

It's a game of win and lose

Recently a Wal-Mart employee was involved in an accident wherein he was hit by a truck and suffered brain damage.  Wal-Mart's insurance carrier paid out $470,000 for his treatment and care.  WIN for Wal-Mart.

The relatives of the employee sued the trucking company for pain and suffering and lost future wages and won a settlement of $417,000. WIN for employee.

On news of that settlement, Wal-Mart sued the employee for the return of the $470,000 they paid out for the treatment and care.  WIN for Wal-Mart.

On the news of suing the employee, Wal-Mart's share value dropped by millions of dollars, due to the bad publicity.  LOSE for Wal-Mart.

Seeming not to bother taking notice of Wal-Mart's mean and petty attitude towards their employees, shopper's continued to flood the store with dollars, thus shoving Wal-Marts market cap back up.  WIN for Wal-Mart and MAJOR LOSE for DECENCY.

No comments:

Post a Comment