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 Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
- 2 iOS 8 apps and features: eight iPhone settings you need to look at after you install the update
- 3 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 4 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 5 Scotland could still declare independence – even without referendum, says Alex Salmond
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
Khorasan: Muhsin al-Fadhli - the man leading a terror group more feared by US officials than Isis
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Alicia Keys leaks own nude photo 'to create a kinder and more peaceful world'
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...