Departed Wal-Mart CEO Mike Duke's deferred pay should provide enough money to shop beyond discount retailers for many years.
Duke, who retired Jan. 31, had $140.1 million in deferred compensation at year's end, Wal-Mart said Wednesday in its annual proxy filing. That's more than $27 million over what Duke had accumulated in retirement accounts in 2013, when governance experts noted that was more than 6,000 times greater than what the average Wal-Mart employee had stashed in 401K retirement accounts.
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Duke's fiscal 2014 compensation dropped more than 70% to $5.6 million from $20.7 million in the prior fiscal year, mostly due to the absence of a stock award.