Walmart ceo doug mcmillon saw his pay jump 13 last year
According to the latest data, Walmart CEO Doug McMillon's total compensation package increased by 13% in 2022, compared to the previous year.
In 2022, McMillon's total compensation package was valued at $22.8 million, up from $20.2 million in 2021. This includes his base salary, bonus, and other forms of compensation, such as stock awards and option exercises.
McMillon's pay increase was largely driven by the company's strong financial performance in 2022, which included a 2.4% increase in same-store sales and a 10.6% increase in net income. The company's stock price also rose by 12.5% in 2022, which contributed to the value of McMillon's stock awards.
It's worth noting that McMillon's compensation package is still significantly lower than that of some other CEOs in the retail industry. For example, the CEO of Amazon, Andy Jassy, received a total compensation package valued at $242.8 million in 2022, while the CEO of Target, Brian Cornell, received a package valued at $24.3 million.