Wal-Mart CEO made nearly $20M in FY10

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Published: April 20,2010

Tags: executive compensation, retail

NEW YORK — An Associated Press analysis shows Wal-Mart Stores Inc. CEO Mike Duke received compensation valued at $19.2 million in fiscal 2010.

That’s 34 percent less than in fiscal 2009, when he got a hefty stock award ahead of his promotion to CEO.

Duke’s base salary was $1.2 million, he got a performance-based bonus of $4.8 million and his stock awards were worth $12.7 million when they were granted, according to a company filing. He also got $193,808 in above-market interest on deferred compensation and perks worth $318,218.

The AP calculation aims to isolate the value company boards place on CEOs’ total compensation package. It includes salary, bonus, incentives, perks and the estimated value of stock options and awards.

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