Walmart boss earns 1,200 times as much as the company’s median worker


The salaries of CEOs have ballooned over the past 50 years, extending huge gaps with those of their employees. Today, so-called ‘fat cats’ can earn the annual salary of a typical worker by lunchtime.

In its latest filing, Walmart disclosed that company CEO Doug McMillon’s total compensation rose two percent in 2017 to $22.8 million. Meanwhile, the firm’s median employee earned $19,177 in the same period.

The largest chunk of McMillon’s compensation came in the form of stock awards. He has held the company’s top job since 2014.

Walmart, which is the largest private-sector employer in the US, has around 2.3 million global employees, including full-time and part-time workers.

source: https://www.rt.com/business/426592-walmart-ceo-huge-salary/

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Author: Rayan M

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