Nearly all Walmart promotions to the Top 5 SEC Named Executive Officers (NEO) Category are promotions from within the Company and have substantial stock awards compensation accompanying them. Thus the Annual Total Compensation required to be disclosed in the year of promotion tends to be enormous. Further, there is no Total Compensation disclosed in the immediately preceding year, even though this employee worked full time for Walmart Inc in that previous year. Thus the Total Compensation percentage changes for any year including this year of promotion are completely meaningless.
Therefore I excluded these obviously non-comparable and meaningless Total Compensation years for a given Walmart employee promoted to the SEC NEO ranks.
Walmart Inc's is the 21st Dow Industrial Company I have researched so far on Top-Tier Executives Average Long-term % Pay Raises Per Year.
To fix Income Inequality driven mainly by Company and its Board of Director choices on Percentage Annual Pay Raises, the US Government should step in and pass wisely-designed Fair Pay Raise Income Inequality Narrowing Company tax incentives ..... the carrot ..... and Company wise tax disincentives ..... the stick. And the continuing annual net tax revenues raised by the US Government here should be set up in a separate fund to be used only for wise additional income inequality narrowing initiatives. This fund should be run by an outside group made up entirely of minorities harmed the most by Income Inequality Expansion of the past decades .....all women, all blacks, all Latinos, all other non-white people, all past and present union members, all LGBTQ, all non-employee contract workers and all middle and lower income people of all ages.
Also, the US Government should require all US Corporate Boards to include at least one worker representative.
I will continue this same research for many other large US Companies to get a better handle on just why the US has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative annual pay raise percentages.
| FYE | FYE | FYE | FYE | FYE | FYE | |||||||||
| JAN | JAN | JAN | JAN | JAN | JAN | |||||||||
| Walmart Inc | 2019 | 2018 | 2018 | 2017 | 2017 | 2016 | ||||||||
| Top-Tier | Total | Total | Total | Total | Total | Total | ||||||||
| Executive | Comp | Comp | Comp | Comp | Comp | Comp | ||||||||
| $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | |||||||||
| Douglas McMillon Pres and CEO | 23,618 | 22,791 | 22,791 | 22,352 | 22,352 | 19,809 | ||||||||
| Brett Biggs EVP CFO | 9,420 | 7,593 | 7,593 | 6,409 | N/C | N/C | ||||||||
| Gregory Foran EVP Walmart US | 13,486 | 11,018 | 11,018 | 11,554 | 11,554 | 11,544 | ||||||||
| Judith McKenna EVP Walmart Intl | N/A | N/A | ||||||||||||
| John Furner EVP Sams Club | N/C | N/C | N/C | N/C | ||||||||||
| Marc Lore EVP Pres and CEO eCommerce | N/A | N/A | ||||||||||||
| David Cheesewright EVP Walmart Intl | 12,553 | 10,172 | ||||||||||||
| Charles Holley EVP CFO | N/A | N/A | ||||||||||||
| Rosalind Brewer EVP Sams Club | ||||||||||||||
| Neil Ashe EVP eCommerce and Tech | ||||||||||||||
| Totals | 46,524 | 41,402 | 41,402 | 40,315 | 46,459 | 41,525 | ||||||||
| Annual % Change | 12.4% | 2.7% | 11.9% | |||||||||||
| FYE | FYE | FYE | FYE | FYE | FYE | |||||||||
| JAN | JAN | JAN | JAN | JAN | JAN | |||||||||
| Walmart Inc | 2016 | 2015 | 2015 | 2014 | 2014 | 2013 | ||||||||
| Top-Tier | Total | Total | Total | Total | Total | Total | ||||||||
| Executive | Comp | Comp | Comp | Comp | Comp | Comp | ||||||||
| $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | |||||||||
| Douglas McMillon Pres and CEO | 19,809 | 19,393 | 19,393 | 25,593 | 25,593 | 9,563 | ||||||||
| Brett Biggs EVP CFO | N/C | N/C | ||||||||||||
| Gregory Foran EVP Walmart US | N/C | N/C | N/C | N/C | ||||||||||
| Judith McKenna EVP Walmart Intl | ||||||||||||||
| John Furner EVP Sams Club | ||||||||||||||
| Marc Lore EVP Pres and CEO eCommerce | ||||||||||||||
| David Cheesewright EVP Walmart Intl | 10,172 | 10,665 | N/A | N/A | ||||||||||
| Charles Holley EVP CFO | 3,006 | 7,432 | 7,432 | 8,199 | 8,199 | 6,639 | ||||||||
| Rosalind Brewer EVP Sams Club | 8,455 | 9,560 | 9,560 | 11,664 | N/C | N/C | ||||||||
| Neil Ashe EVP eCommerce and Tech | 10,831 | 9,437 | 9,437 | 13,179 | 13,179 | 8,351 | ||||||||
| Totals | 52,273 | 56,487 | 45,822 | 58,635 | 46,971 | 24,553 | ||||||||
| Annual % Change | -7.5% | -21.9% | 91.3% | |||||||||||
| FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
| JAN | JAN | JAN | JAN | JAN | JAN | JAN | JAN | JAN | JAN | |||||
| WalMart | 2013 | 2012 | 2012 | 2011 | 2011 | 2010 | 2010 | 2009 | 2009 | 2008 | ||||
| Top-Tier | Total | Total | Total | Total | Total | Total | Total | Total | Total | Total | ||||
| Executive | Comp | Comp | Comp | Comp | Comp | Comp | Comp | Comp | Comp | Comp | ||||
| $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | |||||
| Michael Duke Pres and CEO | 20,694 | 18,132 | 18,132 | 18,713 | 18,713 | 19,234 | 19,234 | 28,397 | 28,397 | 13,101 | ||||
| William Simon EVP Walmart US | 11,222 | 8,443 | N/C | N/C | N/C | N/C | ||||||||
| Douglas McMillon EVP Walmart Intl | 9,563 | 10,961 | 10,961 | 8,806 | 8,806 | 11,230 | 11,230 | 9,587 | N/A | N/A | ||||
| Rosalind Brewer EVP Sams Club | N/C | N/C | ||||||||||||
| Neil Ashe EVP eCommerce and Tech | N/A | N/A | N/A | N/A | ||||||||||
| Brian Cornell EVP Sams Club | 5,043 | 7,195 | N/A | N/A | N/A | N/A | ||||||||
| Charles Holley EVP CFO | 6,639 | 5,112 | N/C | N/C | N/C | N/C | ||||||||
| Thomas Schoewe EVP CFO | N/A | N/A | 3,090 | 7,216 | 7,216 | 7,161 | 7,161 | 6,963 | ||||||
| Eduardo Castro-Wright Vice Chairman | 9,168 | 13,942 | 13,942 | 18,568 | 18,568 | 12,924 | ||||||||
| Totals | 48,118 | 42,648 | 34,136 | 34,714 | 39,777 | 51,622 | 51,622 | 63,713 | 54,126 | 32,988 | ||||
| Annual % Change | 12.8% | -1.7% | -22.9% | -19.0% | 64.1% | |||||||||
| 11 Year Average Per Year % Change | 11.1% |
N/C: Non-Comparable years including the year of promotion to the NEO ranks
