Walmart Inc (NYSE:WMT) CEO Doug McMillon was paid 976 times a median associate in the world's largest retail company over the last fiscal year.
What Happened: McMillon was paid $26.97 million last fiscal year as compared to the annual total compensation of a median associate which was $27,642, the company said in a filing on Thursday.
As of December 31, 2023, Walmart employed about 2.15 associates worldwide, with over 2 million employed just in the U.S. The company has over 5000 stores in the U.S. and accumulated consolidated revenue of $648.1 billion and consolidated operating income of $27 billion over the past fiscal year.
McMillon had a base salary of over $1.5 million, received stock awards of $19.61 million and other compensation of about $5.85 million, taking his cumulative salary for the fiscal year ended Jan. 31 to $26.97 million or 6.6% higher than the fiscal year before.
Why It Matters: The pay disparity between CEOs and their employees has been a contentious issue for some time. The significant difference in McMillon's compensation compared to the median Walmart employee's earnings highlights this ongoing debate. This disparity is even more pronounced when compared to other retail giants like Target and Costco, where the CEO-to-worker pay ratios are significantly lower.
Earlier, this month planemaker Boeing said that the company paid its outgoing CEO David Calhoun $32.8 million as total compensation in 2023. While Calhoun's salary only accounts for $1.4 million of his total compensation, he received $30.2 million in stock awards and $1.2 million as all other compensation last year, Boeing said in a regulatory filing.
Price Action: Walmart stock fell 0.08% to $60.16 per share on Friday, according to Benzinga Pro. As of the stock's previous close, the company has a market cap of $485.28 billion, significantly higher than Target Corp's $75.92 billion or Costco Wholesale Corporation's $320.15 billion.
沃尔玛公司(纽约证券交易所代码:WMT)首席执行官道格·麦克米伦在上一财年的薪水中位数是这家全球最大的零售公司的员工薪水中位数的976倍。
发生了什么:该公司在周四的一份文件中表示,麦克米伦在上个财年获得了2697万美元的报酬,而中位数合伙人的年总薪酬为27,642美元。
截至2023年12月31日,沃尔玛在全球雇用了约2.15名员工,仅在美国就有超过200万名员工。该公司在美国拥有5000多家门店,上一财年的累计合并收入为6,481亿美元,合并营业收入为270亿美元。
麦克米伦的基本工资超过150万美元,获得的股票奖励为1,961万美元,其他薪酬约为585万美元,这使他在截至1月31日的财年的累计工资达到2697万美元,比上一财年增长6.6%。
为何重要:一段时间以来,首席执行官与员工之间的薪酬差异一直是一个有争议的问题。麦克米伦的薪酬与沃尔玛员工收入中位数的显著差异凸显了这场持续的争论。与塔吉特和好市多等其他零售巨头相比,这种差异更加明显,后者的首席执行官与员工的薪酬比率要低得多。
本月早些时候,飞机制造商波音公司表示,该公司在2023年向即将离任的首席执行官戴维·卡尔霍恩支付了3,280万美元的总薪酬。波音在一份监管文件中表示,尽管卡尔霍恩的薪水仅占其总薪酬的140万美元,但去年他获得了3,020万美元的股票奖励和120万美元的所有其他薪酬。
价格走势:根据Benzinga Pro的数据,沃尔玛股价周五下跌0.08%,至每股60.16美元。截至该股前收盘时,该公司的市值为4,852.8亿美元,大大高于塔吉特公司的759.2亿美元或好市多批发公司的3,201.5亿美元。