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Monday, April 16, 2012

Not Every day Low Price- CEO at Wal-Mart

Wal-Mart's CEO paid $18.1 million in 2011 - CBS News: "NEW YORK — Wal-Mart's CEO Mike Duke received a pay package in 2011 worth $18.1 million, a 3 percent dip from the year before.

The decline came largely because Duke's performance based-cash bonus shrunk, according to an AP analysis.

Duke 62, who has been Wal-Mart's CEO since February 2009, received a base salary of $1.3 million and stock awards worth $13.1 million. But Duke's cash-based performance bonus fell 25 percent to $2.88 million in the fiscal year ended Jan. 31 because the company's operating income fell short of goals established in the compensation plan, according to its proxy filed Monday."

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