Walmart's New Manager Salaries
Walmart CEO John Furner has introduced a new salary structure for 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 Furner:
“What we did last year was make managers feel like owners.”
This strategy aims to boost productivity and job satisfaction among key employees, rather than being an act of charity.
With a corporation valued at over $800 billion, Walmart is investing in its management team to drive success.
Author's summary: Walmart raises manager salaries to $620,000.