Walmart CEO John Furner has introduced a new salary structure for top-performing managers, offering up to $620,000 per year.
This move aims to make managers "feel ownership" of the company, as stated by Furner:
“What we did last year was make managers feel like owners.”
With a corporation valued at over $800 billion, this decision is seen as a strategic move to boost productivity and job satisfaction among key employees.
Author's summary: Walmart raises manager salaries to $620,000.