New Group Targets Wal-Mart
Last updated Friday, April 8, 2005 10:43 PM CDT in Business
By The Morning News
Five Stones, a new non-profit organization working to reform the business practices of retailing giant Wal-Mart Stores Inc., said this week it is launching an initiative to build upon and expand the recent vote by the Maryland legislature to force Wal-Mart to boost spending on health care for its employees.
The Maryland bill mandates that Wal-Mart, with more than 10,000 Maryland employees, spend at least 8 percent of its payroll on health care. The bill was spearheaded by Maryland for Health Care and a statewide coalition of more than 1,000 groups representing the health, business and community interests of Maryland citizens.
Five Stones said it plans to distribute copies of the Maryland legislation to every state legislator in all 50 states. The group also plans to help enact similar legislation in statehouses nationwide, it said.
Five Stones is based in Washington and is the advocacy arm for the Center for Community and Corporate Ethics, a spokeswoman said.
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