Wal-Mart CEO Duke’s Pay Rises to $20.7 Million Last Year
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Wal-Mart Stores Inc. Chief Executive Officer Mike Duke got a 14 percent raise in pay to $20.7 million as the retailer, trying to recover from a weak start this year, tied future bonuses to compliance controls.
Duke, 63, was paid a salary of $1.32 million in the fiscal year ended Jan. 31, up 4 percent from a year earlier, Bentonville, Arkansas-based Wal-Mart said in a filing yesterday. His total compensation included $13.7 million in stock awards and $4.37 million in bonus payments.