- Walmart CEO Doug McMillon obtained complete compensation of $26.9 million within the final fiscal 12 months.
- The median compensation for associates was $27,642, in keeping with Walmart’s annual proxy assertion.
- Since 2009, McMillon has obtained a mixed $136 million for his work as a Walmart govt.
The CEO of the world’s largest firm simply had one other excellent 12 months.
Walmart’s Doug McMillon obtained complete compensation final 12 months of greater than $26.9 million, up $1.6 million from the 12 months earlier than, in keeping with the corporate’s annual proxy assertion filed Thursday with the SEC.
The pay package deal consisted of $1.5 million in base wage, $19.6 million in inventory awards, and $5.8 million in different compensation.
It’s a large enhance from his first wage job unloading vehicles for the retailer incomes $6.50 an hour in 1984, which might be about $19.79 in at this time’s {dollars}.
The 57-year-old Arkansas native is now in command of 2.1 million employees throughout greater than 10,000 retail shops across the globe, and annual gross sales of $648 billion — that is extra individuals and better gross sales than some other personal employer on the earth.
Of these 2 million-plus employees, the median worker was paid $27,642 final 12 months, up 1.8 % from final 12 months. McMillon’s compensation is 976 occasions that quantity.
By comparability, Target CEO Brian Cornell’s most just lately disclosed compensation package deal was $17.6 million, whereas Craig Jelinek made $16.8 million in his remaining 12 months as Costco CEO. Their pay ratios have been 680 and 336, respectively.
Under a brand new calculation that firms are required to reveal as of final 12 months, McMillon noticed his web price develop by practically $47.5 million final 12 months after changes to acknowledge the truthful worth of his inventory awards.
Since 2009, Walmart has paid McMillon a mixed complete of practically $163 million for his work as an govt. Prior to turning into CEO, McMillon was in command of the company’s worldwide division from 2009 to 2014, and head of Sam’s Club from 2005 to 2009.
McMillon now owns greater than 5.1 million shares of Walmart inventory, price $306 million at Friday’s closing value.
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