Typical Walmart worker makes $19,177 a year
The chief executive officer of Walmart Inc. makes 1,188 times the typical worker, according to a Securities and Exchange Commission filing late Friday. In fiscal 2018 the median worker compensation was $19,177, and CEO Douglas McMillon's total compensation was $22.8 million. Walmart excluded about 90,000 employees outside of the U.S. from countries such as Costa Rica, Guatemala, and South Africa, after which the company took into account the remaining 2.2 million workers in its employ when determining the median compensation. Firms are reporting their CEO pay in comparison to the median worker for the first time because of a 2015 rule mandated by the Dodd-Frank act. Walmart stock was flat in the extended session after closing down 1% to $86.98. Walmart stock has lost 12% this year, as the S&P 500 index has gained less than 1%.
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