Walmart CEO Doug McMillon Earns 976 Times More Than Median Employee Last Fiscal Year
Portfolio Pulse from Anan Ashraf
Walmart Inc's CEO, Doug McMillon, received a compensation of $26.97 million last fiscal year, 976 times the median associate's salary of $27,642. Walmart, employing about 2.15 million associates globally, reported consolidated revenue of $648.1 billion and operating income of $27 billion. The CEO's pay, which includes a base salary, stock awards, and other compensation, was 6.6% higher than the previous year. This highlights the ongoing debate on pay disparity between CEOs and their employees, especially in comparison to other retail giants.
April 27, 2024 | 8:38 am
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Walmart Inc's CEO received a compensation of $26.97 million last fiscal year, significantly higher than the median associate's salary, amidst the company reporting substantial revenue and operating income.
The news about Walmart's CEO compensation and the comparison to the median associate's salary could lead to public and investor scrutiny regarding pay disparity. However, given Walmart's substantial revenue and market cap, the immediate financial impact on the stock might be limited. The information could influence investor sentiment but is unlikely to directly affect Walmart's stock price in the short term.
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