By Josh Beckerman
Wal-Mart Stores Inc. said Chief Executive Doug McMillon's total
compensation for the year ended Jan. 31 was valued at $19.4
million, down 24% from $25.6 million in the previous year.
His base salary increased to $1.2 million from $954,408, while
stock awards were lower and non-equity incentive-plan compensation
increased.
The company said its performance "did not meet the challenging
targets" established at the beginning of fiscal 2015, resulting in
short- and long-term incentive pay below target levels. The company
said it "fell short" of operating income, sales and return on
equity targets.
Write to Josh Beckerman at josh.beckerman@wsj.com
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