Compensation Down For Wal-Mart CEO

Michael Duke, president and chief executive officer of Wal-Mart Stores, received about $9 million less in total compensation for the recently ended fiscal year, or about 32% less than a year ago, largely because of a lower stock award.

BENTONVILLE, Ark. — Michael Duke, president and chief executive officer of Wal-Mart Stores [3] here, received about $9 million less in total compensation for the recently ended fiscal year, or about 32% less than a year ago, largely because of a lower stock award.

Duke received about $19.2 million in the fiscal year that ended Jan. 31, 2010, compared with about $28.4 million in the preceding year, according to the company proxy statement, which was filed Monday with the Securities and Exchange Commission.

His base salary rose slightly, to $1.2 million, but stock awards totaled $12.7 million, vs. about $23.7 million in the preceding year, his first as CEO.

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