Wal-Mart CEO's pay jumps 14.1 percent to $20.7 million

Mon Apr 22, 2013 4:54pm EDT

President and CEO of Walmart Mike Duke speaks at the Council on Foreign Relations in New York, December 11, 2012. REUTERS/Brendan McDermid

President and CEO of Walmart Mike Duke speaks at the Council on Foreign Relations in New York, December 11, 2012.

Credit: Reuters/Brendan McDermid

(Reuters) - Wal-Mart Stores Inc (WMT.N) Chief Executive Mike Duke earned $20.7 million last year, up from $18.1 million a year earlier, as the world's largest retailer grew despite a sluggish U.S. economy and concerns over alleged international bribery.

Duke's cash incentive payment in fiscal 2013 was nearly $4.4 million, up from nearly $2.9 million a year earlier.

Wal-Mart's total sales rose 5 percent to $466.11 billion in the fiscal year that ended in January. Sales at Walmart U.S., the company's largest unit, rose 3.9 percent to $264.19 billion.

(Reporting by Jessica Wohl in Chicago; Editing by Gary Hill)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.