"Two things that happened in 2012," he said, according to a transcript provided by an AOL employee. "We had two AOL-ers that had distressed babies that were born that we paid a million dollars each to make sure those babies were OK in general. And those are the things that add up into our benefits cost. So when we had the final decision about what benefits to cut because of the increased healthcare costs, we made the decision, and I made the decision, to basically change the 401(k) plan."
As I said before, Walmart was a good company to work for in relations to the retail sector. However I feel horrible for the associates I have to manage and the struggles they face. I ask this question, How come in 1999 Walmart could pay me over $10 an hour but in 2014 I hire people in at $8.00 an hour?