NEW YORK (AP) — The pay of Wal-Mart Stores Inc.’s outgoing CEO fell 73 percent in 2013 because he received a lower performance-based bonus and he didn’t get stock awards that are given in anticipation of future performance.
The world’s largest retailer gave Duke, 64, a compensation package worth about $5.6 million, down from $20.7 million in the prior year, according to an Associated Press analysis of a regulatory filing Wednesday. The fiscal year ended Jan. 31 and Duke was replaced by Doug McMillon, head of Wal-Mart’s international division, on Feb. 1.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Already a print subscriber? Click here to login/register your account
