– Walmart CEO Doug McMillon received total compensation of $26.9 million in the last fiscal year
– The median compensation for Walmart associates was $27,642
– Since 2009, McMillon has received a combined $136 million for his work as a Walmart executive
Walmart CEO Doug McMillon received a total compensation of $26.9 million in the last fiscal year, with a pay package consisting of $1.5 million in base salary, $19.6 million in stock awards, and $5.8 million in other compensation. Since 2009, McMillon has received a total of $136 million for his work as a Walmart executive. The median compensation for Walmart associates was $27,642, with McMillon’s compensation being 976 times that amount.
McMillon, who started at Walmart earning $6.50 an hour unloading trucks, is now in charge of 2.1 million workers across over 10,000 retail stores globally, with annual sales of $648 billion. In comparison, the median employee was paid $27,642 last year, up 1.8 percent from the previous year. McMillon’s compensation is significantly higher than that of other retail CEOs, such as Target’s Brian Cornell and Costco’s Craig Jelinek.
Under a new calculation requirement, McMillon’s net worth grew by nearly $47.5 million last year after adjustments were made to recognize the fair value of his stock awards. Since 2009, Walmart has paid McMillon a total of nearly $163 million for his work as an executive. McMillon now owns over 5.1 million shares of Walmart stock, worth $306 million at the current closing price. If you work at Walmart and would like to share your experience, you can contact Dominick Reuter through email or text/call/Signal.