The Associated Press April 18, 2011, 5:01PM ET

Wal-Mart Stores CEO gets $18.7M 2010 pay package

An Associated Press calculation shows the CEO of Wal-Mart Stores Inc. received compensation in 2010 worth $18.7 million, 4 percent less than the year before, as the world's largest retailer struggled to reverse a decline in a key revenue figure.

The company said in a filing Monday with the Securities and Exchange Commission that 61-year-old CEO Mike Duke received a base salary of about $1.2 million and a performance-based bonus of nearly $3.9 million for the fiscal year that ended Jan. 31.

Most of his pay was in stock awards worth nearly $12.7 million when they were granted. He also received $499,062 in above-market interest on deferred compensation plus other compensation worth $476,567.

The AP's calculation counts salary, bonuses, perks, stock and options awarded to the executive during the year.


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