How Walmart CEO Doug McMillon went from unloading Walmart trucks as teen to earning $25.7M in total compensation
Under McMillon, Walmart brought its "everyday low prices" mantra to the rest of the world. This was just one strategy that led to his promotion to CEO in 2014.As CEO, McMillon has used his leadership skills beyond retail, seeking to make a positive impact on social issues. He has been called one of the most 'woke' CEOs in the country and was named 'the most connected CEO' in the Brunswick Group's Connected Leaders Survey.
Doug McMillon participates in a Business Roundtable discussion on the "Future of Work in an Era of Automation and Artificial Intelligence" during a 2018 CEO Innovation Summit.Following the murder of George Floyd, McMillon condemned racial violence and pledged that Walmart would provide mentorship and funding to help advance racial equity.
Doug McMillon, CEO of Walmart, speaks about the coronavirus in the Rose Garden of the White House, Monday, April 27, 2020, in Washington.In 2020, McMillon also oversaw the launch of the Walmart+ membership program, the Walmart Connect advertising business, express delivery, and curbside pickup at Sam's Club.McMillon earned $25.7 million in total compensation in fiscal 2022. He and wife Shelley McMillon are philanthropists who've donated millions to various causes.
Shelley and Doug McMillon attend the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, U.S., July 7, 2022."My optimism is higher than it was at the beginning of the year," McMillon said on a post-earnings call in May 2022. "In the US, economic stimulus is clearly having an impact." McMillon's optimism has the numbers to back it, with fiscal 2022 earnings expected to increase by high single digits.
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