Shame on You Wal-Mart

It should come as no surprise to anyone that women are the reason businesses like Wal-Mart are managing to thrive in spite of a weak economy. Women are always shopping for great deals and Wal-Mart has gone out of its way to convince us it is the place to: "Save money. Live better."

But the question here is are the women who work at Wal-Mart really living better? Maybe not---according to an article in BusinessWeek---which states that women account for nearly 80 percent of all shoppers but more than 70 percent of its senior leaders are men.

To add insult to injury, in 2001, six female Wal-Mart employees filed a sex-discrimination lawsuit in U.S. District Court in San Francisco against Wal-Mart Stores. The suit, Dukes v. Wal-Mart Stores Inc., gained class certification in 2004 as the largest such suit ever filed against a private employer, affecting more than 2million female employees. In the suit, female employees alleged that they were denied opportunities for advancement and paid less than men doing similar work.

This is an image the Company's new CEO is hoping to change. At a shareholder's meeting today, Mike Duke pledged to work on developing female leaders by launching a "global women's council." This 14-member group aims to increase the percentage of women in management roles at Wal-Mart.

Sadly, Wal-Mart isn't the only Company who has a poor track record when it comes to hiring top female executives. But until women start speaking more with their pocketbooks, behaviors like this will continue no matter how many "global councils" are put together.