Wal-Mart cuts CEO Duke's pay 73% last year

Bentonville, Ark. -- Wal-Mart Stores Inc. cut some stock awards and reduced outgoing CEO Mike Duke’s compensation package 73% to $5.6 million in 2013, according to a report by the Associated Press.

Last year, Duke didn't get stock awards that are given in anticipation of future performance, and his performance-based bonus was reduced, resulting in a compensation package worth about $5.6 million including a base salary of $1.4 million and a performance-based bonus of $2.8 million for the fiscal year ended Jan. 31.

Other compensation totaled $490,090, including retirement contributions and $144,586 for personal use of company aircraft, according to the AP.

 

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