Walmart will now pay more than $600,000 a year to some of its top managers, report says
The Wall Street Journal first reported the changes, noting that the people receiving these pay raises are market managers who oversee around a dozen stores. Their total pay, including bonuses and stock awards, will increase from $320,000 to $420,000 on the low end and from $570,000 to $620,000 on the high end, according to a Walmart spokesperson.
Walmart's multi-store managers can now make up to $620,000
Walmart said it will increase base salary, stock grants, and bonus pay for around 440 market managers who each oversee multiple retail locations.
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Walmart Store Manager Pay Hits $600,000
A Walmart Inc. (NYSE: WMT) manager who runs a dozen stores can now make over $600,000 a year, which is as much as some publicly traded company CEOs do. Walmart calls these workers “market managers.” 24/7 Wall St.
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