Wal-Mart ties executive bonuses to success of diversity program

Retail giant also turning to technology to improve working conditions for hourly employees
|hrreporter.com|Last Updated: 06/28/2004

Wal-Mart executives could feel a pinch in their wallets if the company doesn’t meet its diversity goals.

Lee Scott, Wal-Mart’s president and chief executive officer, said the retail giant will slash bonuses for top executives by 7.5 per cent this year, and 15 per cent next year, if the company doesn’t meet the goals.

“Our goal is to make sure that the percentage of qualified minorities and women we promote is equal to the percentage who apply,” Scott told shareholders.