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The CEOs of the world’s largest companies have had another very good year.
Walmart CEO Doug McMillon received more than $26.9 million in total compensation last year, an increase of $1.6 million from the previous year, according to the company’s annual proxy report filed with the SEC on Thursday. Ta.
The salary package consisted of a base salary of $1.5 million, stock awards of $19.6 million, and other compensation of $5.8 million.
That’s a significant increase from his first job in 1984, when he earned $6.50 an hour unloading a retailer’s truck. $19.79 In today’s dollars.
The 57-year-old Arkansas native is currently responsible for 2.1 million employees at more than 10,000 retail stores worldwide and annual sales of $648 billion. It has the largest workforce and highest turnover of any private employer in the world.
Out of more than 2 million employees, the median employee salary last year was $27,642, an increase of 1.8% from the previous year. Mr. McMillon’s compensation will be 976 times that amount.
By comparison, Target CEO Brian Cornell’s recently disclosed compensation package was $17.6 million, while Craig Jelinek earned $16.8 million in his final year as Costco CEO. . Their salary ratios were 680 and 336 respectively.
According to new calculations that companies are required to disclose as of last year, Mr. McMillon expected his net worth to increase by nearly $47.5 million last year, after adjusting to recognize the fair value of stock-based compensation.
Since 2009, Walmart has paid Mr. McMillon a total of nearly $163 million for his work as an executive. Prior to becoming CEO, Mr. McMillon was responsible for the company’s international division from 2009 to 2014 and was head of Sam’s Club from 2005 to 2009.
McMillon currently owns more than 5.1 million shares of Walmart stock, worth $306 million at Friday’s closing price.
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