Top executives at nine of Arkansas’ public companies valued their personal flights on company jets at a total of $2.4 million for 2013, according to proxy statements filed with the U.S. Securities & Exchange Commission and compiled by Arkansas Business.
C. Douglas McMillon, who became the president and CEO of Wal-Mart Stores Inc. of Bentonville on Feb. 1, saw his total compensation skyrocket 168 percent to $25.6 million for the fiscal year that ended Jan. 31 as compared with the previous year.
Wal-Mart Stores Inc. says it plans to accelerate growth of its small stores by linking them to its supercenters, which will serve as mini-warehouses for their smaller cousins. The plans come as Wal-Mart aims to cut costs and respond to shoppers' demands for convenience as it faces more competition.
Wal-Mart's final shareholder vote for its board of directors is showing dissent against key executives and directors, including its CEO Mike Duke, as the company deals with the fallout from overseas bribery allegations.
Once again there were multiple celebrities on hand to help Wal-Mart celebrate its annual shareholders meeting. But the themes of integrity and compliance took center stage on Friday at Bud Walton Arena.
Mike Duke, CEO of Wal-Mart Stores Inc. of Bentonville, is ranked among The Associated Press' 50 highest-paid CEOs of 2012, as calculated by executive pay research firm Equilar. He is the only CEO of an Arkansas-based public company to rank in the top 50.
Wal-Mart Stores Inc. of Bentonville reports a first-quarter same-store sales decline of 1.4 percent and earnings that narrowly miss analysts' expectations as its CEO cites "considerable headwinds" to top line sales.