Sponsored By

Compensation Down For Wal-Mart CEO

Michael Duke, president and chief executive officer of Wal-Mart Stores, received about $9 million less in total compensation for the recently ended fiscal year, or about 32% less than a year ago, largely because of a lower stock award.

Donna Boss

April 19, 2010

1 Min Read
Supermarket News logo in a gray background | Supermarket News

MARK HAMSTRA

BENTONVILLE, Ark. — Michael Duke, president and chief executive officer of Wal-Mart Stores here, received about $9 million less in total compensation for the recently ended fiscal year, or about 32% less than a year ago, largely because of a lower stock award.

Duke received about $19.2 million in the fiscal year that ended Jan. 31, 2010, compared with about $28.4 million in the preceding year, according to the company proxy statement, which was filed Monday with the Securities and Exchange Commission.

His base salary rose slightly, to $1.2 million, but stock awards totaled $12.7 million, vs. about $23.7 million in the preceding year, his first as CEO.

Read More of Today's Headlines

Stay up-to-date on the latest food retail news and trends
Subscribe to free eNewsletters from Supermarket News

You May Also Like