Even before the pandemic, Doug McMillon, Walmart’s CEO, had it pretty good. In April 2019, CNN reported that McMillon’s compensation for being Walmart’s CEO in 2018 was $24 million, $1.3 million coming from a salary, $15.6 million from stock awards, and a further $6.7 million from other incentives. The piece also points out that this was 1,076 times higher than the average salary under him, though the gap had lessened by 9 percent due to higher wages.
Currently, Wealthy Persons estimates that his net worth hangs at about $120 million and lists his salary as $4.8 million.
The pandemic no doubt helped in regards to his salary and future compensation as Walmart was one of the clear winners of the catastrophe, as Barron’s writes. Its stocks “gained 21.3 percent in 2020.” This, of course, is due to Walmart’s position as one of the central stores for necessities. As Mendy Hughes makes clear, though, some think that they should be awarded better for ensuring the necessities have been met.