Saturday, January 08, 2011

WalMart Versus The World

WalMart Versus The World

They own Asda in the UK Some interesting facts and figures on Wal Mart. On the darker side the company uses the dead pheasant insurance scheme for it's benefit should employees die prior to retirement age. The company takes out a life insurance plan on younger staff and pays the premiums. These are expenses against their Corporation tax. It the employee dies then the company gets the money!
It was started with ASDA employees until word got out probably from America, then the Unions blocked it and ASDA stopped it. It is such a good earner I would not be surprised if it still happened to British employees as it is not illegal. The records will just be kept off shore.
As long as a beneficiary is named and the payments are made you can quite legally take out policies on all your neighbours !

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(1) Walmart Employees EXPOSED For Falsely Accusing Shoppers Of Theft - YouTube

(1) Walmart Employees EXPOSED For Falsely Accusing Shoppers Of Theft - YouTube