The short answer is, of course, Walmart CEO Doug McMillon is worth exactly what the (newly reshuffled) board says he is worth. Still, you think they might be aware of how the peasants (sometimes known as stock holders) are faring with all the, internal and external, changes the company is dealing with and tone down the whole compensation package idea for the immediate future, but hey, that’s just me.

Reuters reports that:

Wal-Mart Stores CEO Doug McMillon’s pay rose slightly to $19.8 million in the year ended Jan. 31, a regulatory filing on Wednesday showed, even as profit at the world’s largest retailer fell on higher costs.

The total compensation, which includes cash and stock, compared with the $19.4 million he made the previous year, according to the filing to the Securities and Exchange Commission.

McMillon, 49, took over the top job at Walmart in February 2014.

Well, I suppose the board showed some restraint by giving McMillon only a slight raise. They could have gone all crazy and rounded the package up to an even $20 milllion.

Jeff Hess: Have Coffee Will Write.

This entry was posted on Friday, April 22nd, 2016 at 0700 by Jeff Hess and is filed under Doug McMillon, Video. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.