Categories: CNN Business

Walmart CEO Doug McMillon’s Total Pay Was Nearly $24 Million Last Year

Walmart CEO Doug McMillon’s total compensation reached nearly $24 million during the last year as the company continued to hold its ground against Amazon and other rival retailers.

McMillon’s salary was about $1.3 million and he was eligible for stock awards based on performance and values at $15.6 million. He is also eligible for about $6.7 million in incentives and other forms of compensation.
That’s about 3.5% more than McMillon’s total compensation in the prior fiscal year. It’s also 1,076 times more than what Walmart’s median worker made. Workers got a raise, too: The median worker made nearly $22,000 last year, a 14.5% increase. That means the ratio between McMillon’s pay and the median Walmart worker was actually about 9% smaller than a year prior.
admin

Share
Published by
admin

Recent Posts

Paramount Faces Golden Parachute Clash as CEO Steps Down

Departing Paramount Global CEO Bob Bakish's exit package is estimated to top $50 million, highlighting…

1 week ago

How ESG Metrics Are Taking Over Annual Incentive Plans

Compensation committees at S&P 500 companies are increasingly tying annual bonuses to measures beyond financial…

4 weeks ago

Visual Investigation: Pay Gaps Widen as Workforce Scrutiny Grows

The pay gap between CEOs and their employees has widened over the past half decade,…

2 months ago

In a Bumper Year for CEO Pay, One Chief’s $161 Million Award Swells to $1.3 Billion

Chip maker Broadcom gave Hock Tan, its chief executive, a $161 million stock award, instantly…

2 months ago

Are Companies Really Reincorporating in Nevada?

Elon's Musk's $56 billion pay package's upheaval, a hedge fund sanctioned for failing to preserve…

2 months ago

Are Check Marks ‘Cheap Talk’ in Board Skills Matrices?

Disclosures about directors' skills and expertise are increasingly coming under the microscope as investors ramp…

4 months ago