Wal-Mart paid ex-CEO Scott $30.2 mln in FY09

Mon Apr 20, 2009 11:42pm BST
 
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(Reuters) - Wal-Mart Stores Inc's (WMT.N) recently retired Chief Executive, Lee Scott, took home a total of $30.2 million in the year ended January, slightly down from a year ago, as revealed by the company's proxy statement.

Scott, who retired as the world's largest retailer's president and CEO effective January 31, had received a total compensation of $31.6 million in fiscal 2008.

Scott had served as Wal-Mart's CEO since January 2000.

Much of Scott's tenure was marked by struggles and a stagnating stock price. From 2000 through 2007, the company's stock fell 31 percent, with most of the drop coming shortly after his promotion.

In fiscal 2009, Scott received $17.4 million in stock awards, up from $14.1 million in the previous year.

His fiscal 2009 option awards were valued at $4.4 million, down from $6.8 million a year ago.

He received $5.8 million as non-equity incentive compensation, down from $8.4 million.

Scott's total compensation also includes salary, non-qualified deferred compensation and all other compensation.

Michael Duke, Wal-Mart's current CEO, received $12.2 million as compensation in fiscal 2009. He headed the retailer's international operations before being named CEO.  Continued...

 

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