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Wal-Mart chief Duke's compensation fell 2.7% to $18.7 million last year


Bentonville, Ark. -- Wal-Mart Stores reported in a filing on Monday that its CEO Mike Duke received compensation valued at $18.7 million last year, less than a year earlier, as U.S. store sales dropped.

Duke received incentive pay, which is tied to Wal-Mart’s financial performance, of $3.85 million in the year ended Jan. 31, down from $4.8 million a year earlier.

His salary rose 2.4% to $1.23 million, based on U.S. Securities and Exchange Commission rules. A year earlier, Duke’s compensation totaled $19.2 million.

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