Of course, then, as now, Walmart’s biggest cost was labor. And to keep labor costs in check, Wal-Mart took pains to make sure its workers didn’t unionize. During Clinton’s tenure, the company’s strategy for dealing with organized labor was directed by fellow board member, John Tate. Mr. Tate famously summed up his philosophy at a 2004 managers meeting: “Labor unions are nothing but blood-sucking parasites living off the productive labor of people who work for a living.”
According to former board members, Clinton did not denounce the ‘anti-union’ efforts Tate spearheaded, nor rail for increased employee wages. Donald G. Soderquist, the board’s then vice chairman, has said that not only was Clinton “not a dissenter,” but that “she was a part of those decisions.” Wal-Mart’s stock rose by more than 500% during her tenure and Clinton’s shares were worth nearly $100,000 by 1992.
Sourced through Scoop.it from: www.usatoday.com