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Wal-Mart paid ex-CEO Scott $30.2 mln in FY09

(Reuters) - Wal-Mart Stores Inc's WMT.N recently retired Chief Executive, Lee Scott, took home a total of $30.2 million in the year ended January, slightly down from a year ago, as revealed by the company's proxy statement.

Scott, who retired as the world’s largest retailer’s president and CEO effective January 31, had received a total compensation of $31.6 million in fiscal 2008.

Scott had served as Wal-Mart’s CEO since January 2000.

Much of Scott’s tenure was marked by struggles and a stagnating stock price. From 2000 through 2007, the company’s stock fell 31 percent, with most of the drop coming shortly after his promotion.

In fiscal 2009, Scott received $17.4 million in stock awards, up from $14.1 million in the previous year.

His fiscal 2009 option awards were valued at $4.4 million, down from $6.8 million a year ago.

He received $5.8 million as non-equity incentive compensation, down from $8.4 million.

Scott’s total compensation also includes salary, non-qualified deferred compensation and all other compensation.

Michael Duke, Wal-Mart’s current CEO, received $12.2 million as compensation in fiscal 2009. He headed the retailer’s international operations before being named CEO.

Duke is expected to expand efforts to reduce waste, use renewable energy and push suppliers to clean up their act.

Shares of the Bentonville, Arkansas-based company closed at $49.27 Monday on the New York Stock Exchange.

Reporting by Sayantani Ghosh in Bangalore; Editing by Himani Sarkar

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