d keeps their customer base stable, intact, and growing. There are programs that Lowe’s has set up to allow its employees and managers to bask in the success of the company. At Lowe’s when you reach the level of manager there is a bonus program in place to increase compensation based on the success of the individual store location at which you manage. Lowe’s has 3 programs available for all employees to use in order to increase their financial value, the “Buy, Own, Save” program, Employee Stock Ownership Program, and its 401(k) Program. Through the “Buy, Own, Save” program, employees are able to enjoy the corporate success from day one with enrollment into this discounted stock purchase program. 5Qualified employees are able to enroll into Lowe’s Employee Stock Ownership Plan after a year of employment. They receive annual Lowe’s stock contributions. The last program, Lowe’s 401(k) program, is probably the most important to those individuals that are looking to have a long successful career at Lowe’s and stability in retirement. All three of these programs are set up to help the employees join in on the success, plan for the future, and to compensate them for all their hard work. (Annual Repot 2000) The great time of need for the nation has not gone unnoticed by Lowe’s Companies, Inc. With the Terrorist attacks on the World Trade Centers and Pentagon, Lowe’s is working hand in hand with the Red Cross to help aid in the aftermath of the worst terrorist attack in United States history. Lowe’s Home Improvement has donated numerous truckloads of supplies to aid in the clean up of the aftermath from September 11, 2001. Everything from hard hats, pickaxes, shovels, and prying bars has been donated to help out. Lowe’s has pledged one million dollars and they are also matching employee donations to the Red Cross. This just goes to sho...
