From Jonathan Turley:
This is an interesting comparison to judge the runaway executive salaries in this country. It turns out that Walmart CEO Michael Duke’s $35 million annual salary constitutes an hourly wage equal to the annual salary of the average Walmart employee.
New Walmart employees are paid $8.75 an hour — a gross salary of $13,650 a year. Thus, over a single lunch, Duke makes the yearly salary of one of his workers.
Comments
9 Comments so far. Leave a comment below.Pretty much every number in the quoted text is depressing.
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They make so much more money because they work “harder” than the rest of us, right?
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a $35 million salary? you are way off. His salary is $1.2 million (source
)
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Your link does say his “annual compensation” was $19m. I don’t think the average Walmart worker would mind too much if they only got an extra 14-15 times their salary as “annual compensation”.
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Salary is not the same as compensation. The OP said he made a $35 million salary. It’s not even close to reality.
If you are going to criticize his pay, get your facts right.
(and yeah I think $18 million annual compensation is a whole heck of a lot)
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Someone who’s not anal retentive gets the point. Each year the guy earns a shitload of money, regardless what part of it is called “salary”. It could be called a “celery” and it wouldn’t make one bit of a difference.
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i didn’t do that link very well. Here is it
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He could make 2,080 employees very happy.
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Anybody else want to see Michael Duke on the next season of Undercover Boss?
Anybody else think it’ll ever happen? Yeah me neither…
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