USA: Wal-Mart President Saw Salary Rise 24 Per Cent In 2000
Wal-Mart Stores Inc president and chief executive H. Lee Scott's salary increased 24 per cent to $992,308, and he received a $1,750,000 bonus in 2000, his first year in the top job at the world's largest retailer, based in Bentonville, Ark. Mr Scott chose to defer a portion of his compensation, so he actually received less than $1m of his $2.7m compensation, according to the company's proxy filing. He also volunteered to defer $100,000 of his $1.1m base salary in 2001 until after his retirement.
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