As Walmart Workers Struggle, U.S. CEO Bill Simon Steps Down with $9 Million Retirement Package

10557532_857764227584809_361373269439561759_oLast week, Walmart’s U.S. CEO Bill Simon stepped down after five consecutive quarters of slumping sales and declining brand value. During Simon’s tenure, Walmart stores have been plagued with chronic understaffing due to the company’s low-wage, part-time business strategy, which has led to empty shelves, long lines, and—according to a new poll by Lake Research Partners—lower customer satisfaction.  Despite these failings, The Wall Street Journal reports that Simon will leave with a retirement package that is estimated to be worth around $9 million. Simon will be replaced by Greg Foran, Walmart’s current president and CEO in Asia.

As Simon leaves with a retirement package worth millions, current and former Walmart workers who are members of the Organization United for Respect at Walmart (OUR Walmart) continue to speak out about their struggle to support their families and contribute to their local economies because of low wages and insufficient hours.  Members of OUR Walmart are calling on the retail giant to publicly commit to raising wages and increasing access to full-time hours so that no worker at Walmart makes less than $25,000 per year. OUR Walmart members have also asked the retailer to stop its practice of retaliating against workers who are simply exercising their right to speak out for a better life and improved working conditions.

“It was Bill Simon who revealed the majority of us are paid less than $25,000 a year. Sadly, workers at Walmart face the same reality today of poverty wages and unpredictable schedules that have put the entire economy out of balance,” said OUR Walmart member Anthony Goytia, a father of three who works at a Walmart store in Duarte, Calif. “Mr. Foran should work with OUR Walmart to improve jobs at our company so we have the opportunity to join the middle class, strengthen our company’s bottom line and improve our nation’s economy. That means Walmart should publicly commit to pay us a minimum of $25,000 a year, provide full-time work and end retaliation against those of us who speak out for better jobs.”