Walmart CEO's Pay Jumps 14.1 Percent To $20.7 Million
04/22/2013 6:39 pm EDT
(Reuters) - Wal-Mart Stores Inc said on Monday that members of its board's audit committee were paid more for the latest year due to extra work they had to take on to handle an ongoing investigation into alleged foreign bribery.
The world's largest retailer also said in its annual proxy, filed with U.S. regulators late on Monday, that three board members would not stand for re-election at the company's June 7 annual meeting, and that Chief Executive Mike Duke and some other executives were paid more as sales and profit grew.
Back in November 2011, Wal-Mart began its own probe into matters including alleged violations of the U.S. Foreign Corrupt Practices Act, and whether such matters were appropriately handled by the company.
The issue was brought into the public spotlight one year ago, when the New York Times published a report that described how Wal-Mart had intentionally stifled an early internal probe into allegations that Wal-Mart de Mexico officials had paid bribes to help build stores in Mexico.
More: http://www.huffingtonpost.com/2013/04/22/walmart-ceo-pay-2012_n_3134515.html
How much are Walmart employees paid again?
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