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Wal-Mart CEO's pay jumps 14.1 percent to $20.7 million
April 22, 2013 / 8:57 PM / 5 years ago

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

(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.

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

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

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