Re:Wal-Mart Tells Workers: Don’t Download Labor Group’s Chat...
by rayiner on Monday November 21, 2016 @12:13AM
(#13003323)
That's gross profit--revenue minus cost of goods sold, not including salaries and rent. Other overhead plus taxes brings that down to about $15 billion. Which is not a lot of profit for a company with almost 2.3 million employees. It's equivalent to a 20-employee mom-and-pop that pulls out $120,000 a year for its owner. A McDonalds franchise is much more profitable.
[ Parent
| on HN ]