Salary of CEO of Walmart – Earnings and Hourly Wages
Have you ever wondered how much the CEO of Walmart earns? C. Douglas McMillon, the President and CEO of Walmart Inc., is one of the highest-paid CEOs in the United States. Let’s take a closer look at his compensation and understand the breakdown of his salary and other benefits.
Key Takeaways:
- C. Douglas McMillon, the CEO of Walmart Inc., received a total compensation of $24,115,143 in the 2023 fiscal year.
- This compensation included a salary of $1,471,569, a bonus of $3,032,667, stock awards totaling $19,411,326, and other types of compensation amounting to $199,581.
- The CEO pay ratio for Walmart Inc. during this period was 933:1, indicating a significant disparity between the CEO’s earnings and the median employee pay.
- In addition to cash compensation, McMillon also received equity compensation in the form of stock and option awards.
- Other top executives at Walmart Inc. also received substantial compensation, highlighting the trend of high executive pay in the company.
Total Cash Compensation Breakdown
In order to understand the complete compensation package of C. Douglas McMillon, it is important to examine the breakdown of his total cash compensation. This includes his base pay and bonuses.
Base Salary
C. Douglas McMillon’s base salary as the President and CEO of Walmart Inc. amounts to $1,471,569.
Bonuses
In addition to his base salary, McMillon received a bonus of $3,032,667. These bonuses are often performance-based and are designed to incentivize executives to achieve specific targets or goals.
It is worth noting that the total cash compensation is disclosed in the proxy statements filed by Walmart Inc., offering transparency to shareholders and the public.
Component | Amount (USD) |
---|---|
Base Salary | $1,471,569 |
Bonuses | $3,032,667 |
It is important to remember that the total cash compensation does not encompass other elements of McMillon’s overall compensation package, such as equity awards, benefits, and other forms of compensation.
Total Equity Compensation Breakdown
In addition to cash compensation, C. Douglas McMillon, the President and CEO of Walmart Inc., also received substantial equity compensation in the form of stock and option awards. This equity compensation plays a significant role in determining the total value of his compensation package.
The grant date fair value of the stock and option awards, along with long-term incentives granted during the fiscal year, amounted to a staggering $19,411,326. These awards reflect the confidence and trust placed in Mr. McMillon’s leadership and his ability to drive the company’s success.
Equity Compensation Breakdown
To provide a clearer understanding of the equity compensation received by C. Douglas McMillon, the following table breaks down the grant date fair value of each award category:
Equity Compensation Category | Grant Date Fair Value ($) |
---|---|
Stock Awards | $15,298,924 |
Option Awards | $1,999,942 |
Long-Term Incentives | $2,112,460 |
The total value of equity compensation represents a significant portion of C. Douglas McMillon’s compensation, highlighting the focus on long-term performance and aligning executive incentives with shareholder interests at Walmart Inc.
Other Compensation Breakdown
C. Douglas McMillon, the CEO of Walmart Inc., received additional forms of compensation beyond his standard salary, bonus, and equity awards. These additional components of his compensation totaled $199,581.
This includes various compensation-like awards that do not fall into the traditional categories. It’s important to note that this figure does not include any changes in pension value or non-qualified deferred compensation earnings.
While the bulk of McMillon’s compensation comes from his base salary, bonus, and equity awards, these additional forms of compensation add to his overall income and reflect the comprehensive nature of executive compensation packages.
Component | Amount |
---|---|
Other Compensation | $199,581 |
Key Takeaways:
- C. Douglas McMillon, the CEO of Walmart Inc., received other forms of compensation totaling $199,581.
- This includes various compensation-like awards that don’t fit into the standard salary, bonus, or equity categories.
- This figure does not include changes in pension value or non-qualified deferred compensation earnings.
CEO Pay Ratio
The CEO pay ratio for Walmart Inc., as reported in the annual proxy statement filed for the 2023 fiscal year, was 933:1. This ratio compares the total compensation of the CEO, C. Douglas McMillon, to the median employee pay, which was $27,136.
This CEO pay ratio highlights the significant disparity between executive compensation and average employee wages at Walmart. While the CEO received a substantial salary package, the median employee’s pay remains disproportionately lower.
Such large pay gaps have been a subject of concern and debate in recent years, prompting discussions on income inequality and fair wages. The CEO pay ratio serves as an important metric for analyzing the distribution of wealth within a company and the impact it has on employee morale and satisfaction.
While some argue that the CEO’s high compensation is justified due to their role in driving business growth and profitability, others contend that such disparities hinder economic equality and social justice.
It is crucial for companies to consider these factors and strive for a balance that fosters a fair and sustainable work environment for all employees.
Comparison with Other Walmart Executives
In fiscal 2023, C. Douglas McMillon, as Walmart Inc.’s CEO, earned a total compensation of $24.1 million. Other top executives at Walmart Inc. also received significant compensation, illustrating the competitive nature of executive salaries within the company.
Let’s take a closer look at the annual salaries of some key Walmart executives:
Executive | Position | Annual Compensation |
---|---|---|
John David Rainey | Chief Financial Officer | $39.7 million |
Suresh Kumar | Global Chief Technology and Development Officer | $16.1 million |
As demonstrated by these figures, the CEO, C. Douglas McMillon, is indeed highly compensated, but he is not the only Walmart executive earning a substantial salary. The compensation of other top executives underscores the importance of their roles within the company and the competitive market for executive talent.
Quote:
“The salaries of top executives at Walmart Inc. reflect the company’s recognition of their leadership and the impact they have on its overall success.” – Business Insider
Historical Perspective on CEO Pay Gap
The debate surrounding CEO pay gaps and their comparison to employee wages has been a prominent topic of discussion in recent years. A study conducted by the Institute for Policy Studies revealed that CEOs in S&P 500 companies earn, on average, a staggering 319 times more than the average American worker. This pay gap has witnessed a significant increase over the past few decades, with the ratio in the 1970s standing at 30 to 1.
This widening pay gap between CEOs and employees raises important questions about income inequality and fairness within organizations. The stark disparity in compensation further highlights the challenges faced by workers striving for financial security while their executives enjoy substantial financial rewards.
Factors Contributing to CEO Pay Gap
The widening gap between CEO pay and employee wages in companies like Walmart is influenced by various factors. One significant factor is the decline in top-bracket tax rates, which has removed a disincentive for companies to cap CEO pay. With lower tax rates for the highest earners, there is less pressure on corporations to limit executive compensation.
Additionally, the decline in the power of organized labor has played a role in the growing pay gap. Historically, unions have been able to negotiate higher wages for their members, leading to increased overall pay for workers. However, as union membership has declined, the ability to influence wages throughout the labor market has also diminished.
These factors, along with others, have contributed to the current disparity in pay between CEOs and employees. As discussions surrounding income inequality continue, it is crucial to analyze the various influences that shape executive compensation in order to work towards a more balanced and equitable system.
Summary of Factors Contributing to CEO Pay Gap:
Factors | Impact |
---|---|
Decline in top-bracket tax rates | Less incentive for companies to cap CEO pay |
Decline in the power of organized labor | Reduced ability for unions to influence wages |
Other factors | (provide additional relevant factors impacting CEO pay gap) |
Understanding Proxy Statements
Proxy statements play a crucial role in providing transparency and accountability to shareholders of publicly traded U.S. companies like Walmart. These filings contain vital information regarding executive compensation, including details about the company’s highest paid CEO, Walmart CEO’s salary, and CEO pay ratio.
Proxy statements offer shareholders an insight into the annual meeting where important decisions, such as electing directors and ratifying auditors, are made. As part of this process, major issues related to executive pay, including Walmart CEO compensation, are discussed and voted upon. Shareholders can access these statements on both the U.S. Securities and Exchange Commission (SEC) website and Walmart’s official website.
By examining the proxy statements, stakeholders gain a deeper understanding of Walmart’s executive compensation practices, including the highest paid CEO in Walmart. These statements provide valuable insights into the remuneration structure and signaling trends in CEO pay at the company. With the information presented in proxy statements, shareholders can make informed decisions and participate actively in shaping corporate governance and compensation policies.
FAQ
How much is the salary of the CEO of Walmart?
The CEO of Walmart, C. Douglas McMillon, received a total compensation of ,115,143 in the 2023 fiscal year.
What is the breakdown of the CEO’s total cash compensation at Walmart?
The CEO’s total cash compensation at Walmart includes a base salary of
How much is the salary of the CEO of Walmart?
The CEO of Walmart, C. Douglas McMillon, received a total compensation of ,115,143 in the 2023 fiscal year.
What is the breakdown of the CEO’s total cash compensation at Walmart?
The CEO’s total cash compensation at Walmart includes a base salary of
FAQ
How much is the salary of the CEO of Walmart?
The CEO of Walmart, C. Douglas McMillon, received a total compensation of ,115,143 in the 2023 fiscal year.
What is the breakdown of the CEO’s total cash compensation at Walmart?
The CEO’s total cash compensation at Walmart includes a base salary of
FAQ
How much is the salary of the CEO of Walmart?
The CEO of Walmart, C. Douglas McMillon, received a total compensation of $24,115,143 in the 2023 fiscal year.
What is the breakdown of the CEO’s total cash compensation at Walmart?
The CEO’s total cash compensation at Walmart includes a base salary of $1,471,569 and a bonus of $3,032,667.
How is the CEO’s equity compensation structured at Walmart?
The CEO’s equity compensation at Walmart consists of stock and option awards, with a grant date fair value of $19,411,326.
What other types of compensation does the CEO of Walmart receive?
In addition to salary and equity compensation, the CEO of Walmart receives other types of compensation totaling $199,581.
What is the CEO pay ratio at Walmart?
The CEO pay ratio at Walmart was 933:1 in the 2023 fiscal year, comparing the CEO’s total compensation to the median employee pay of $27,136.
How does the CEO’s compensation compare to other executives at Walmart?
Other top executives at Walmart, such as the Chief Financial Officer and the global Chief Technology and Development Officer, also received significant compensation.
What is the historical perspective on the CEO pay gap?
The CEO pay gap has significantly increased over the past few decades, with CEOs in S&P 500 companies earning, on average, 319 times more than the average American worker.
What factors contribute to the CEO pay gap?
Factors contributing to the CEO pay gap include the decline in top-bracket tax rates and the reduction in the power of organized labor.
What are proxy statements and where can I find them?
Proxy statements are required filings for publicly traded U.S. companies and provide information on executive compensation. They can be found on the U.S. Securities and Exchange Commission (SEC) website and the company’s own website.
,471,569 and a bonus of ,032,667.
How is the CEO’s equity compensation structured at Walmart?
The CEO’s equity compensation at Walmart consists of stock and option awards, with a grant date fair value of ,411,326.
What other types of compensation does the CEO of Walmart receive?
In addition to salary and equity compensation, the CEO of Walmart receives other types of compensation totaling 9,581.
What is the CEO pay ratio at Walmart?
The CEO pay ratio at Walmart was 933:1 in the 2023 fiscal year, comparing the CEO’s total compensation to the median employee pay of ,136.
How does the CEO’s compensation compare to other executives at Walmart?
Other top executives at Walmart, such as the Chief Financial Officer and the global Chief Technology and Development Officer, also received significant compensation.
What is the historical perspective on the CEO pay gap?
The CEO pay gap has significantly increased over the past few decades, with CEOs in S&P 500 companies earning, on average, 319 times more than the average American worker.
What factors contribute to the CEO pay gap?
Factors contributing to the CEO pay gap include the decline in top-bracket tax rates and the reduction in the power of organized labor.
What are proxy statements and where can I find them?
Proxy statements are required filings for publicly traded U.S. companies and provide information on executive compensation. They can be found on the U.S. Securities and Exchange Commission (SEC) website and the company’s own website.
How is the CEO’s equity compensation structured at Walmart?
The CEO’s equity compensation at Walmart consists of stock and option awards, with a grant date fair value of ,411,326.
What other types of compensation does the CEO of Walmart receive?
In addition to salary and equity compensation, the CEO of Walmart receives other types of compensation totaling 9,581.
What is the CEO pay ratio at Walmart?
The CEO pay ratio at Walmart was 933:1 in the 2023 fiscal year, comparing the CEO’s total compensation to the median employee pay of ,136.
How does the CEO’s compensation compare to other executives at Walmart?
Other top executives at Walmart, such as the Chief Financial Officer and the global Chief Technology and Development Officer, also received significant compensation.
What is the historical perspective on the CEO pay gap?
The CEO pay gap has significantly increased over the past few decades, with CEOs in S&P 500 companies earning, on average, 319 times more than the average American worker.
What factors contribute to the CEO pay gap?
Factors contributing to the CEO pay gap include the decline in top-bracket tax rates and the reduction in the power of organized labor.
What are proxy statements and where can I find them?
Proxy statements are required filings for publicly traded U.S. companies and provide information on executive compensation. They can be found on the U.S. Securities and Exchange Commission (SEC) website and the company’s own website.
,471,569 and a bonus of ,032,667.
How is the CEO’s equity compensation structured at Walmart?
The CEO’s equity compensation at Walmart consists of stock and option awards, with a grant date fair value of ,411,326.
What other types of compensation does the CEO of Walmart receive?
In addition to salary and equity compensation, the CEO of Walmart receives other types of compensation totaling 9,581.
What is the CEO pay ratio at Walmart?
The CEO pay ratio at Walmart was 933:1 in the 2023 fiscal year, comparing the CEO’s total compensation to the median employee pay of ,136.
How does the CEO’s compensation compare to other executives at Walmart?
Other top executives at Walmart, such as the Chief Financial Officer and the global Chief Technology and Development Officer, also received significant compensation.
What is the historical perspective on the CEO pay gap?
The CEO pay gap has significantly increased over the past few decades, with CEOs in S&P 500 companies earning, on average, 319 times more than the average American worker.
What factors contribute to the CEO pay gap?
Factors contributing to the CEO pay gap include the decline in top-bracket tax rates and the reduction in the power of organized labor.
What are proxy statements and where can I find them?
Proxy statements are required filings for publicly traded U.S. companies and provide information on executive compensation. They can be found on the U.S. Securities and Exchange Commission (SEC) website and the company’s own website.