Unimpressive results at Wal-Mart Stores Inc. are hurting pay for its top executives.
Wal-Mart CEO Doug McMillon, who took over the helm of the world's largest retailer in February 2014, received a compensation package worth $19.06 million in the fiscal year that ended Jan. 31, according to an Associated Press analysis of a regulatory filing late Wednesday. That's 24 percent down from $25.3 million in the prior year, when he headed up Wal-Mart's international operations.
McMillon's base salary was $1.2 million, up from $954,408 from the previous year. But his stock awards were $14.6 million, down from $23.01 million in the year ago.
And even though McMillon received a cash bonus of $2.8 million, more than double the prior year's $1 million, he could have had the potential to grab more. He stood to get a cash bonus of $3.8 million in the latest year.