Date of publication: April 15, 2005
Author: Sarah Anderson, Institute for Policy Studies
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Wal-Mart company documents released April 15 reveal that CEO H. Lee Scott, Jr., made $17,543,739 in total compensation last year – nearly twice the average of $9.6 million for leading U.S. CEOs as a whole, according to Business Week. Thomas Coughlin, the Vice Chair of the board who recently was accused by Wal-Mart officials of spending company money on personal items such as alligator skin cowboy boots, has had some of his compensation suspended, but not his $1 million-plus salary.