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Lululemon CEO Calvin McDonald Receives $16.5 Million Package [Yahoo! Finance]
Last walmart inc. earnings: 2/18 06:00 am
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US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
McDonald, who's been chief executive officer since 2018 , saw his compensation rise 5.3 percent to $16.5 million last year from $15.7 million in 2022, according to the company's proxy statement filed with the Securities and Exchange Commission. More from WWD Walmart CEO Doug McMillon Sees $27 Million Pay Day Left on Friday Unveils Distinctive One-shoulder Look for Canada's Olympic Beach Volleyball Team How Fashion Can Grow When the Global Population Starts Shrinking Most of that pay came from a total of $10 million in stock and option awards, the full value of which will depend on how Lululemon 's stock performs and when the CEO gets access to the shares. The next biggest — and altogether more tangible — part of McDonald's compensation came in the form of $5.2 million in incentive pay. That amounted to 200 percent of his target bonus as both revenues ($9.6 billion last year) and operating income ($2.2 billion) exceeded the threshold for the maximum bonus set by the board.
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