Walmart Stock Tanks; Walton Family Heirs Lose $41 Billion!
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The stock market giveth, and the stock market taketh away. If you doubt that, just consider what happened yesterday when Walmart stock hit a 30-year low. The company’s profits are estimated to decrease by 12 percent in 2015.
How drastic has all this been for the Walton family heirs who own the majority of the stock in the world’s largest retailer? They are projected to lose at least $41 billion this year alone.
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Walmart, it should be noted, has a reputation for being one of the most exploitative corporations in the world, but at the moment the company is losing money in nearly ever single one of is worldwide operations….READ MORE at LiberalAmerica
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D.B. Hirsch is a political activist, news junkie, and retired ad copy writer and spin doctor. He lives in Brooklyn, New York.