Walmart Blacklisted By Major Pension Fund Over Poor Labor Practices
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.
Source: The Huffington Post