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.
沃爾瑪公司(紐約證券交易所代碼:WMT)首席執行官道格·麥克米倫在上一財年的薪水中位數是這家全球最大的零售公司的員工薪水中位數的976倍。
發生了什麼:該公司在週四的一份文件中表示,麥克米倫在上個財年獲得了2697萬美元的報酬,而中位數合夥人的年總薪酬爲27,642美元。
截至2023年12月31日,沃爾瑪在全球僱用了約2.15名員工,僅在美國就有超過200萬名員工。該公司在美國擁有5000多家門店,上一財年的累計合併收入爲6,481億美元,合併營業收入爲270億美元。
麥克米倫的基本工資超過150萬美元,獲得的股票獎勵爲1,961萬美元,其他薪酬約爲585萬美元,這使他在截至1月31日的財年的累計工資達到2697萬美元,比上一財年增長6.6%。
爲何重要:一段時間以來,首席執行官與員工之間的薪酬差異一直是一個有爭議的問題。麥克米倫的薪酬與沃爾瑪員工收入中位數的顯著差異凸顯了這場持續的爭論。與塔吉特和好市多等其他零售巨頭相比,這種差異更加明顯,後者的首席執行官與員工的薪酬比率要低得多。
本月早些時候,飛機制造商波音公司表示,該公司在2023年向即將離任的首席執行官戴維·卡爾霍恩支付了3,280萬美元的總薪酬。波音在一份監管文件中表示,儘管卡爾霍恩的薪水僅佔其總薪酬的140萬美元,但去年他獲得了3,020萬美元的股票獎勵和120萬美元的所有其他薪酬。
價格走勢:根據Benzinga Pro的數據,沃爾瑪股價週五下跌0.08%,至每股60.16美元。截至該股前收盤時,該公司的市值爲4,852.8億美元,大大高於塔吉特公司的759.2億美元或好市多批發公司的3,201.5億美元。