Walmart ceo doug mcmillon saw his pay jump 13 last year #

According to various sources, including Bloomberg and CNBC, Walmart CEO Doug McMillon's total compensation package increased by 13% in 2020 to $22.8 million. This was due to a combination of factors, including the company's strong financial performance and a one-time bonus related to the COVID-19 pandemic.

McMillon's base salary remained unchanged at $1.3 million, but his stock awards and option exercises increased by 13% to $14.5 million. He also received a $2.5 million bonus, which was up from $1.5 million in 2019.

Walmart's strong financial performance in 2020 was driven by its e-commerce growth, as well as its ability to adapt to changing consumer behavior during the pandemic. The company's net sales increased by 2.8% to $524.4 billion, and its operating income rose by 6.7% to $21.2 billion.

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, Amazon CEO Jeff Bezos received a total compensation package of $1.7 million in 2020, although his net worth is estimated to be over $200 billion.