TECH - Walmart CEO Doug McMillon Earns 976 Times More Than Median Employee Last Fiscal Year | Benzinga
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 ...