Walmart CEO's annual pay rockets to $21m
The chief executive of Walmart enjoyed a double-digit increase in his total pay last year – pocketing $21m (£14m).
Mike Duke, who has led the world's biggest retailer since 2009, saw his bonus jump by more than half after a rise in the behemoth's annual profits. However, his bumper payout came in a period that has seen Walmart, which owns the UK supermarket Asda, face possible bribery charges in Mexico and some other countries in its global empire.
Mr Duke received a total package of $20.7m for the year to the end of January, including an increased salary of $1.3m and share awards of $13.6m. His cash bonus rocketed by 51 per cent to $4.4m.
Walmart has 10,700 stores in 27 countries and grew its operating profits by 4.7 per cent to $27.8bn last year on increased revenue of $466.1bn.
Asda, meanwhile, unveiled details of a huge investment this year. It plans to invest more than £700m in new and existing shops, and its web services, creating 2,500 new jobs. Asda lifted total sales by 4.5 per cent to £22.8bn in 2012.
- 1 Howard Jacobson: Let's see the 'criticism' of Israel for what it really is
- 3 Belgium fan Axelle Despiegelaere lands L'Oreal campaign after World Cup viral photo
- 4 Britney Spears sings 'Alien' without Auto-Tune in embarrassing leaked audio clip
- 5 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
Instagram of US airport security chiefs: Lipstick knives and IED training kits among items seized
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Mick Jagger denies being World Cup curse and reason for Brazil’s embarrassing defeat
Israel-Gaza crisis: ‘We just want it to end… We don’t deserve to live like this’
Israel-Gaza crisis: Eight killed in Gaza Strip cafe while watching World Cup semi-final
Sustained immigration has not harmed Britons' employment, say government advisers
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
There’s a nasty smell in the political air – and it’s coming from the Tories
iJobs Money & Business
Negotiable: Randstad Education Birmingham: Randstad Education are seeking a Fi...
£12 - £15 per hour: Cameron Kennedy Recruitment: Excellent opportunity to join...
£400 per hour: Orgtel: Technical Business Analyst - Banking - Bristol - £400pd...
£38000 - £42000 per annum + competitive: Real Staffing: Required skills:Previo...