Doug McMillon, Walmart's President and CEO, earned $26.9 million in total compensation for the 12-month period that concluded on January 31. This figure is also reported as just under $27 million.
Walmart CEO Compensation in Detail
As the President and Chief Executive Officer of Walmart, Doug McMillon's total compensation for the fiscal year ending on January 31 amounted to $26.9 million. This comprehensive figure reflects his earnings for leading one of the world's largest retail corporations.
Components of Executive Compensation
CEO compensation packages are typically multifaceted, extending beyond a basic salary to include various forms of remuneration designed to align executive incentives with company performance and shareholder interests. Common components often found in such packages include:
- Base Salary: The fixed annual payment.
- Annual Cash Bonuses: Payments based on the achievement of specific performance targets.
- Equity Awards: Stock options, restricted stock units (RSUs), or other share-based incentives, which often constitute a significant portion of the total compensation and vest over time.
- Perquisites and Benefits: Other benefits such as retirement contributions, health insurance, and various allowances.
While the precise breakdown of Doug McMillon's compensation is not publicly detailed in the provided information, the $26.9 million sum represents his overall earnings, reflecting the immense responsibilities associated with overseeing Walmart's vast global operations, which encompass thousands of retail locations and millions of employees worldwide.
For additional insights into executive compensation within the retail and grocery sectors, industry analyses provide valuable context. Explore more about CEO salaries in the grocery industry.
