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Wal-Mart Analysis.

Publication: Finance Wire

Publication Date: 26-OCT-05
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COPYRIGHT 2005 Voxant Inc.

Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW

BILL GRIFFETH, CNBC ANCHOR: Well, back with us again -- this wasn`t planned until we learned about the memo. They`re back with us, labor attorney Rick Berman on the left there, Chris Kofinis with Wakeupwalmart.com, an activist group that has been critical of Wal-Mart, run in part by the United Food and Commercial Workers Union.

Good to see you both. Welcome back.

RICK BERMAN, EXECUTIVE DIRECTOR, EMPLOYMENT POLICIES INSTITUTE: Thank you.

CHRIS KOFINIS, WAKEUPWALMART.COM: Thank you.

GRIFFETH: Chris, a bigger smile on your face today.

KOFINIS: Well, it`s a pretty disturbing memo. I mean, what this memo, I think shows -- and I encourage every American to go to "The New York Times" website and read this memo.

GRIFFETH: Have you read the whole thing?

KOFINIS: I have. It`s very disturbing. What you see is basically the last two days of what they were: a publicity stunt. And what`s even more disturbing about it, I would say, is when you read between the lines, what basically Wal-Mart is saying is that its 1.3 million workers are no different than cattle....

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