- 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 response to Walmart’s annual proxy assertion.
- Since 2009, McMillon has obtained a mixed $136 million for his work as a Walmart government.
The CEO of the world’s largest firm simply had one other superb 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 response to the corporate’s annual proxy assertion filed Thursday with the SEC.
The pay bundle consisted of $1.5 million in base wage, $19.6 million in inventory awards, and $5.8 million in different compensation.
It is a sizable 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 present’s {dollars}.
The 57-year-old Arkansas native is now in control of 2.1 million staff 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 another non-public employer on the earth.
Of these 2 million-plus staff, the median worker was paid $27,642 final 12 months, up 1.8 % from final 12 months. McMillon’s compensation is 976 instances that quantity.
By comparability, Goal CEO Brian Cornell’s most just lately disclosed compensation bundle was $17.6 million, whereas Craig Jelinek made $16.8 million in his last 12 months as Costco CEO. Their pay ratios have been 680 and 336, respectively.
Below a brand new calculation that firms are required to reveal as of final 12 months, McMillon noticed his web value develop by almost $47.5 million final 12 months after changes to acknowledge the honest worth of his inventory awards.
Since 2009, Walmart has paid McMillon a mixed complete of almost $163 million for his work as an government. Previous to turning into CEO, McMillon was in control of the company’s worldwide division from 2009 to 2014, and head of Sam’s Membership from 2005 to 2009.
McMillon now owns greater than 5.1 million shares of Walmart inventory, value $306 million at Friday’s closing worth.
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