Walmart is the biggest company in the United States and the country’s largest food retailer. Walmart is so big that it has an unprecedented amount of power in all sectors of the economy. Food is no exception. When there is one player this large connecting food producers and food consumers, consumers are no longer the food industry’s customers — Walmart is. And the saying “the customer is always right” has never been more appropriate.
A major pension fund and longtime investor in Walmart has blacklisted the retailing behemoth, citing poor labor practices and the company’s anti-union stance as the driving force behind its rejection.
Walmart typically shrugs off criticism of its labor practices as union-driven propaganda and insists that its employees are happy and well-managed, but investing experts say that when one of the largest pension funds in the world divests, the company would be wise to listen to the message. It’s the same message the American labor movement has been pushing for decades. Click here to read the full story in the Huffington Post.