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    Wal-Mart's CEO paid $18.1 million in 2011

    1:22 PM, Apr 16, 2012   |    comments
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    NEW YORK (AP) - Wal-Mart's CEO Mike Duke received a pay package in 2011 worth $18.1 million, a 3 percent dip from the year before.

    The decline came largely because Duke's performance based-cash bonus shrunk, according to an AP analysis.

    Duke 62, who has been Wal-Mart's CEO since February 2009, received a base salary of $1.3 million and stock awards worth $13.1 million. But Duke's cash-based performance bonus fell 25 percent to $2.88 million in the fiscal year ended Jan. 31 because the company's operating income fell short of goals established in the compensation plan, according to its proxy filed Monday.

    The dip in compensation comes even as Wal-Mart reversed a more than two-year sales slump in its namesake business

    The world's largest retailer is based in Bentonville, Ark.

    (Copyright 2012 The Associated Press. All rights reserved.)

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