The pay rise came despite allegations of bribery in Wal-Mart's Mexico operations that surfaced a year ago. In the regulatory filing, Wal-Mart said that starting this year, it will tie some of Duke's compensation, and that of other top executives, to the discounter's success in fortifying its compliance program.
The company, based in Bentonville, Ark., has launched its own investigation and is working with government officials in the U. Compensation has been traditionally based on such financial measures as sales and operating income.
Duke's other compensation amounted to 4,450, up from 7,258 in the previous year.
The perks included 1,947 for the use of the company aircraft.
This entry was posted on Tuesday, December 5th, 2006 at 1501 by Robert Feinman and is filed under Advertising, Walmart.
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gave its CEO Mike Duke a pay package in 2012 worth .7 million, a 14 percent increase from the year before, according to an Associated Press analysis of a regulatory filing Monday.
It includes a ten-part timeline for attacking the company from mid-October through the end of the year.
He also received 4,450 in above market interest credited on deferred compensation. 31, Wal-Mart posted a 5 percent increase in sales to 6.1 billion.
That figure excludes membership fees from Sam's Club.
There is an old proverb about it being harder to lie than tell the truth.
A liar has to remember the lie as well as the truth, while a person who tells the truth only has to remember one thing.
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