Bentonville, Ark. A regulatory filing on Tuesday revealed that Wal-Mart CEO Lee Scott received compensation valued at $29.7 million in 2007, up 27% over the prior year.
As a company, profits rose 12% in 2007.
Scott’s salary was $1.4 million, up from $1.3 million in 2006. The bulk of his compensation came in options and restricted stock that Wal-Mart valued at $19 million when they were granted.
The CEO also received $8.4 million in non-equity incentive-plan compensation and $431,446 in other compensation, including $101,208 for corporate air travel and $64,874 in a deferred compensation plan.
Wal-Mart reported net income of $12.73 billion for the past fiscal year, which ended Jan. 31. Net sales totaled $374.5 billion, up 8.6% from the year before.
The compensation numbers released by the Associated Press on Tuesday are adjusted calculations that can vary from SEC listings. Wal-Mart listed Scott's total compensation as $31.6 million.