Wal-Mart CEO’s Pay Falls 24% as Stock Slips
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Wal-Mart Stores Inc. Chief Executive H. Lee Scott Jr.’s pay fell 24% to $17.5 million in the last fiscal year as the retailer’s stock declined. The company also suspended the benefits of former Vice Chairman Tom Coughlin amid an investigation into his financial transactions.
Scott received a salary of $1.24 million, a bonus of $4.12 million and restricted stock worth $6.33 million, according to a Securities and Exchange Commission filing. He also received options for 339,000 shares worth $4.95 million.
Wal-Mart shares fell 26 cents to $47.70 on the New York Stock Exchange.
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