Monday, 5 March 2012

WAL-MART PROMISES CHANGES.(BUSINESS)

Byline: CHUCK BARTELS Associated Press

FAYETTEVILLE, Ark. -- Wal-Mart Stores Inc., facing lawsuits for alleged gender bias and unfair treatment of workers, pledged Friday to work harder to promote women to management and announced a new pay system that would be more fair for hourly workers.

Chief executive Lee Scott told employees and shareholders at the company's annual meeting here that executives' bonuses, including his own, would be cut up to 7.5 percent this year and 15 percent next year if the company does not promote women and minorities in proportion to the number that apply for management positions.

``If 50 percent of the people applying for …

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