The CEO of the world’s largest company just had another great year.
Walmart’s Doug McMillon received total compensation of more than $26.9 million last year, up $1.6 million from the previous year, according to the company’s annual proxy statement filed Thursday with the SEC.
The pay package included $1.5 million in base salary, $19.6 million in stock and $5.8 million in other compensation.
That’s a sizable increase from his first job unloading trucks for the retailer, which earned $6.50 an hour in 1984, which would equate to about $19.79 in today’s dollars ‘today.
The 57-year-old Arkansas native now leads 2.1 million employees in more than 10,000 retail stores worldwide and annual sales of $648 billion. dollars, more people and higher sales than any other private employer in the world.
Among these more than two million workers, the median employee received $27,642 last year, an increase of 1.8 percent from last year. McMillon’s compensation is 976 times that amount.
For comparison, Target CEO Brian Cornell’s most recently disclosed compensation was $17.6 million, while Craig Jelinek earned $16.8 million in his final year as CEO from Costco. Their pay ratios were 680 and 336, respectively.
According to a new calculation that companies have been required to disclose since last year, McMillon saw his net worth increase by nearly $47.5 million last year after adjustments to recognize the fair value of his awards. actions.
Since 2009, Walmart has paid McMillon a combined total of nearly $163 million for his executive work. Before becoming CEO, McMillon was head of the company’s international division from 2009 to 2014 and director of Sam’s Club from 2005 to 2009.
businessinsider
