- Walmart CEO and President Doug McMillon received total compensation of $25.3 million in the last fiscal year.
- The median compensation for associates was $27,136, according to Walmart's annual proxy statement.
Walmart President and CEO Doug McMillon is sitting mighty pretty compared to the 1.6 million US employees that make up his company.
McMillon got more than $25.3 million in total compensation in the previous fiscal year, according to Walmart's annual proxy statement, filed this week. Meanwhile, the median compensation for associates was $27,136.
In other words, McMillon got roughly 933 times the median compensation of a Walmart employee.
McMillon has served as president and CEO of the country's largest private employer since 2014 and has been with the Bentonville, Arkansas-based retailer for more than 32 years.
The pay disclosure comes as activists have been fighting for years to get Walmart to increase wages for store-level workers.
In January, Walmart announced that it would boost its minimum wage from $12 to $14 per hour and said the average US employee's wage would be $17.50 per hour. The increase was met with mixed reactions from Walmart employees, as many said they were already making above $14 per hour.
"A higher poverty wage isn't enough," Emily Francois, a Walmart worker in Texas who is a leader for retail-worker advocacy nonprofit United for Respect, said in a statement at the time.
In 2021, the average S&P 500 CEO — a group that includes McMillon — made 324 times what their company's average worker made, according to a report published in July 2022 by the AFL-CIO.
Though the pay difference between McMillon and his employees is above that average, Walmart hasn't cracked the top 20 for biggest pay gaps between CEOs and workers. For example, in 2021, Amazon CEO Andy Jassy's salary was roughly 6,500 times more than the average Amazon worker.
Are you a Walmart worker? We want to hear from you. Contact reporter Ben Tobin on email at btobin@insider.com or over encrypted messaging app Signal at +1 703-498-9171.