At Walmart, the CEO Makes 1,188 Times as Much as the Median Worker
By: Wall Street Journal
April 20, 2018
Walmart Inc. WMT -0.50% paid its median worker $19,177 last year, while Chief Executive Doug McMillon earned $22.8 million, according to a securities filing Friday.
That places the retailer 10th among S&P 500 companies with the widest gap in pay between the CEO and a typical worker, based on an analysis of more than 330 firms that have disclosed the figures so far.
Retailers, which often rely on part-time and seasonal workers to fill their labor force, take four of the top 10 spots on the list of companies with the largest pay gap, including Kohl’s Corp. and Gap Inc. Mr. McMillon earns 1,188 times more than the median employee, according to the filing.
“Our company is unique because we are significantly larger than most of our peer group companies in terms of revenue, market capitalization, and the size and scope of our world-wide associate population,” said Walmart in the filing.
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