Walmarts critics have stated their disagreement to Marissa Mayer, the Yahoo chief executive who is one of the retailers highest profile board member. The employees gathered at the internet group’s shareholders meeting to pose some crucial questions about the work of worlds biggest retailers board.
One of the participants at the Yahoo meeting, a representative from the Bricklayers and Trowel Trades International Pension Plan, expressed her disappointed that Ms Mayer had failed to stand up for workers’ rights at Walmart.
“I was proud to finally have an advocate on Walmart’s board . . . My early feelings of hope have not been realised,” she said, cited by Financial Times. “In the last year you have repeatedly ignored our requests to hear our concerns.”
The questioner was part of a group of around 30 Walmart employees who arrived at Yahoo’s offices on Monday. Their main goal was to meet Yahoos CEO and express their concerns on a meeting with Ms Mayer. The CEO refused to meet them arguing that this was not the place and time to discuss Walmart issues. Furthermore, the meetings purpose was unrelated to Walmart as Mayer explained.
When the Yahoo chief denied a meeting with the group, the employees refused to leave the company’s offices and several were arrested. According to Financial Times, Yahoo declined to comment on issues a spokesperson said were related to Walmart.
Ms Mayer, was awarded total pay of $36.6 million for her first six months as Yahoo’s CEO. Since then, that job applications have risen five times compared with last year.However, Mayer caused controversy earlier when she ended a policy allowing employees to work remotely from their homes, forcing more people to come into Yahoo’s offices. On Tuesday at the shareholders meeting she said that the policy may not be permanent.
Walmarts comments on the subject were that it respected the rights of people with differing opinions to voice them, and added: “There is a right and a wrong way to do this and this latest union tactic is inappropriate.”
Yahoo Inc. surged 3.70% on Tuesday piling on 24.4% year to date increase. Walmart jumped 0.23% adding to 9% total year to date advance.
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