- Douglas McMillon was paid $25,670,673 in 2021 while the median worker compensation is $25,335. That makes for a whopping 1,013 CEO to median worker pay ratio. It's not the highest, but it's certainly up there. These people have no shame. Employees can't afford to feed their families and he's taking home more than $25 million.
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That makes no sense
Now you can go get a job with the Denver Broncos. They only pay their employees/players millions to only work for 5 months a year. Walmart slaves
This forum is full of trolls, paid union organizers and malcontents. There’s some topics that actually have meaning, but not many. It’s basically social media where any yahoo can pretend to be an expert and say anything.
@1kbw+1gWcmL03 --- Exactly. Even if Doug gave up his whole salary and gave it to the employees, each employee would get around $12.83.
$25,670,673/2,000,000 employees= $12.83
His salary and the salary of any exec. is usually stock or stock options heavy. Not to say that even a million dollars is not a lot, but if you want to move up in the company then go get the education (free if you are working at Walmart) and move up or move on to another company.
Who cares
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@1kbw+1gWcmL03 Nice post but... this forum does not apply factual information. This entire sit has every retailer going under every year or at least 1-3 years. Every board member is foolish and embezzling from the company. Every stock is manipulated in one fashion or another. Any everyone on this site is capable of being the CEO of the retailer they are working for , even though they are under paid and miserable working there.
Oh, Brother. If you’re going to put out drivel such as this, at least get it right.
Walmart is the single largest private employer in the United States with well over 2 million employees. Walmart has the largest private fleet of trucks on the planet. Walmart has stores and distribution centers in numerous foreign countries. So, without going into much more on that, Walmart is a big company. Wait, not just big….. it’s freaking humongous.
Doug’s salary is actually on the low side, compared to other multi-national company’s CEOs. Go ahead, check that out if you like. The lion share of his compensation is stock, which he earns based on performance metrics set by the board. And stock price was up in 2021.
Being the CEO of Walmart is not a walk in the park. It’s not like the guy sits around with his feet up on his desk drinking coffee and playing solitaire on his PC.
To the poster of this thread: I’d like to see you try to do his job for even 10 minutes. I’d like to see you pour over the P&L reports, supply chain strategies, and rustle up the Christmas buying season tasks. You have absolutely no idea what it takes to get the CEOs job, or to hold it. If he wasn’t doing a great job, he’d be gone in a New York minute, and the board would shuffle him out immediately.
These guys at the top of huge companies (IBM, Oracle, BofA, Chase, etc etc etc) wouldn’t be in those jobs if they didn’t have something to bring to the table to command a top compensation number.
Know your facts.