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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
BILL GRIFFETH, CNBC ANCHOR: Wal-Mart`s been making headlines again today, just today, with CEO Lee Scott in a speech to employees calling for an increase in the minimum wage and a new promise to be more environmentally conscious. Yesterday, the giant retail giant unveiled plans to offer cheaper healthcare plans to most of its workers. Are we seeing a kinder gentler Wal-Mart in making? Is it a publicity stunt? What`s going on here? Both sides of that issue with labor attorney Rick Berman, he`s CEO of Berman & Co in Washington. And Chris Kofinis is with with Wakeupwalmart.com, an activist campaign that`s been critical of the retailer. It`s run in part by the United Food and Commercial Workers Union.
Gentlemen, good to see you both. Thanks for joining us today.
CHRIS KOFINIS, WAKEUPWALMART.COM: Thank you.
GRIFFETH: Mr. Berman, what`s going on? Is Wal-Mart just feeling the heat lately?
RICK BERMAN, CEO, BERMAN & CO.: I don`t think so. Big company makes big decisions likes this over time. They obviously have some calculation that, given the fact that they`re probably twice the minimum wage on their average hourly wage, that an increase isn`t going hurt them that much,...
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