The days of corporate greed, robber barrons and poor sheep supporting them seem to be drawing to a close. America and the world are beginning to wake from their slumbering beliefs the rich will eventually show human characteristics and take care of the people.
Yesterday, one of the world’s richest families, the Walton’s, experienced first hand one of the worse loses in their long stories corporate history and many people are thrilled to death over it.
From USUncut.com: After releasing a lower-than-anticipated revenue outlook for the next year, the four heirs of Sam Walton who control more than half of the shares of Walmart Stores Incorporated, just lost $11 billion as their stock price plummeted to its lowest level since 1999.
It is estimated that their total loss in net worth since the beginning of the year is more than $41 billion, most of which can be attributed to increasing customer dissatisfaction and public perception of the brand as one that is synonymous with greed and poor working conditions.
Before you start feeling too sorry for this family, realize despite losing over $40 billion in value this year, they are still worth over a combined $120 billion dollars. According to Bernie Sanders, this is still more money than the bottom 40% of Americans.
How do you feel about Walmart shares tanking and the family losing billions?
Read more: USUncut.com
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