Wal-Mart E-Commerce CEO Gets US$244 Million In Pay After Jet Deal
Wal-Mart Stores Inc. executive Marc Lore reaped an astronomical US$243.9 million in compensation last year, fueled by shares he received as part of the sale of his company to the retail giant.
The package included restricted stock worth US$236.3 million, which came as part of the buyout of his company, Jet.com, according to a regulatory filing Thursday. Most of those shares will vest monthly through September 2021 starting later this year. He also received about US$7.55 million in salary, stock awards and perks.
Read the full story on Bloomberg here.