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  • In filings with the US Securities and Exchange Commission (SEC), Wal-Mart has revealed the salary levels of its senior executives:

    • H. Lee Scott, president and CEO, received a salary of $1.2 million, plus an incentive bonus of $4.2 million, plus $269,595 in other compensation, including life insurance and other benefits.
    • Thomas M. Coughlin, vice chairman of the board, received a salary of $983,894, an incentive payment of $2.9 million for last fiscal year, plus $252,082 in other compensation.
    • John B. Menzer, president and CEO of Wal-Mart’s International Division, received a salary of $816,538, an incentive payment of $1.9 million, and $267,013 in other compensation during the last fiscal year.
    • Thomas M. Schoewe, CFO, received a salary of $610,384, an incentive payment of $984,000 for last fiscal year, and $87,324 in other compensation.
    • Michael T. Duke, president and CEO of Wal-Mart Stores Divison, received a salary of $603,029, an incentive payment of $852,342, and $114,165 in other compensation during the last fiscal year.

    These payments all were raises compared to the previous year’s compensation levels.


  • Wal-Mart is launching a public relations campaign to rehabilitate its image problems, meeting with media companies and citizen groups around the country to push the point that the company is good for America, not harmful to local communities.

    One example: the company’s representatives have been meeting with Chicago newspaper editors to make their case that its desire to open two stores in the city will be good for the Windy City.

    The Chicago Tribune reports, “Wal-Mart's bid to open two stores in Chicago has been strongly opposed by unions and some aldermen, who questioned Wal-Mart's treatment of workers and hostility toward unions,” but that the company feels it is being unfairly maligned.

KC's View:
Wal-Mart should make its case. Public debate is good for the public. (Not everyone agrees with this, by the way…just check out Your Views below…)