CEO Profile: Michael T. Duke of Wal-Mart Stores Inc.

by Mark Friedman  on Monday, Mar. 26, 2012 12:00 am  

“Today, every segment of our business is stronger than it was a year ago, and we’re in a great position” for the current fiscal year, Duke said in the Feb. 21 news release.

Duke’s Pay

Wal-Mart hasn’t released executive compensation data for 2011. In 2010, Wal-Mart CEO Michael Duke received base pay of $1.23 million, the highest among the CEOs of Arkansas’ publicly traded companies. His total compensation of $18.7 million was also the highest in 2010. His total compensation in 2009 was higher at $19.4 million, which was the result of earning a $4.8 million bonus. In 2010, his bonus was $3.8 million.

Duke also owns about 1.1 million shares of Wal-Mart stock. As of March 13, its value was $66.87 million. On March 1, Wal-Mart increased its annual dividend to $1.59 per share, up 9 percent from the fiscal year that ended Jan. 31.

Wal-Mart’s Scope

It serves more than 200 million customers a week.

It has more than 10,130 retail locations under 69 names in 28 countries.

Its revenue for the year that ended Jan. 31 was $443 billion, up 5.9 percent from the previous year.

It employs 2.1 million people around the world, including almost 1.4 million in the United States, making it one of the largest private employers in the U.S.



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