Wal-Mart and Disney Compensation Structures

Wal-Mart's CEO Lee Scott received total compensation worth $23.3 million in fiscal 2007; that included use of the company's corporate jet, an incentive payment of $4.3 million, salary of $1.3 million, and stock options and grants (Waters, 2007). The company was careful to note that the "incentive" payment was not a "bonus." Wal-Mart's sales force is its store employees and the retailer gained national attention when it announced that it was raising the starting pay of new workers in 2006; that was done in part to help avoid municipalities such as Chicago mandating higher starting wages for big box retailers (Gogoi, 2006b). However, the starting pay increase affected only new hires, and salary caps were placed on other hourly workers so that those who reach the top of their job classification's pay scale would not be able to receive even cost of living wage increases (Gogoi, 2006a).

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