FROM THE
Unleash Prosperity Hotline

Are CEOs Overpaid?

Bad ones are. But not the good ones:

Walmart CEO Doug McMillon announced his retirement at age 59 a little over a week ago. Walmart’s stock fell by 3% on the move, a loss of $16 billion to shareholders.

Since taking over as CEO in 2014, McMillon presided over a 300% gain in Walmart stock, which we back-of-the-envelope estimate at well over $150 billion to the shareholders.

His annual salary and other benefits was a tiny fraction of that: $30 million. We’d say that’s one of the great bargains of all time.

Someone ask Elizabeth Warren whether he was overpaid.

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