Walmart CEO Doug McMillon's total compensation reached nearly $ 24 million last year
McMillon's salary was about $ 1.3 million, and he was eligible for share price based on $ 15.6 million. He is also eligible for about $ 6.7 million in incentives and other forms of compensation.
"We are a profit-making company linking our leading compensation program to the company's operating results and strategic priorities," Walmart spokesman Randy Hargrove said. He noted that 76% of McMillon's compensation is contingent on performance targets not yet met. McMillon has been CEO since 201[ads1]4.
Walmart's turnover rates were reduced last year and the year before as a result of their measures.
"At Walmart, it's all about moving people beyond the level of jobs by giving employees clearer career paths, skill-based training and more control over their schedule," says Hargrove. "Walmart has represented a ladder of opportunity since we started business and we want to make sure that is the case ahead. "
Many companies recently had to release the executive payroll for the second time. The move was mandated under a provision in the Dodd-Frank economic reforms undertaken during the Obama administration. The salary difference in retail between the CEO and the media assistant last year, according to data from MyLogIQ, CEO Art Peck earned 3,566 times as much as the dealer's median association Peck made $ 2 0.7 million Ross Stores ( ROST ) CEO Barbara Rentler made 1,222 more than the company's median work.
– CNN Business & # 39; Julia Horowitz contributed to this report. 19659020]