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Wal-Mart’s top e-commerce manager earns 29% less

April 29, 2015

Editor’s Note: So… am I supposed to feel sorry for this guy?

Wal-Mart’s top e-commerce manager earns 29% less

Based on a lower stock award, Wal-Mart CEO of global e-commerce Neil Ashe earned over $9 million in fiscal 2015, down from more than $13 million in the prior year.

Neil Ashe, an executive vice president with Wal-Mart Stores Inc. and the retailer’s global e-commerce chief, took a cut in pay and didn’t make as much as some of his contemporaries in the past year.

But Ashe, who heads up all top global web and e-commerce operations for Walmart.com, No. 3 in the  Internet Retailer 2015 Top 500 Guide did earn total compensation last year of more than $9 million in Wal-Mart’s 2015 fiscal year, which ended Jan. 31.

Ashe, who was named Wal-Mart’s top online retailing executive in January 2012, earned total compensation of $9.43 million according to Wal-Mart’s annual proxy document filed last week with the U.S. Securities and Exchange Commission.

Ashe earned a base salary of $953,303, stock awards of $6.64 million, $1.61 million in non-equity incentive plan compensation and miscellaneous compensation of $232,199. Non-equity incentive plan compensation is a cash award that is intended to serve as an incentive to achieve targeted performance over a specified period, according to Investopedia.com.

In comparison to fiscal 2014, Ashe’s total compensation dropped by 29% mainly because of smaller payout in stock awards. In fiscal 2014, Ashe earned total compensation of $13.17 million, including a base salary of $843,544, stock awards of $11.25 million, non-equity incentive plan compensation of $1.03 million and miscellaneous compensation of $51,169.

Of Wal-Mart’s cadre of executive vice presidents, Ashe was paid more than one of his peers but less than two others. Executive vice president and chief financial officer Charles Holley earned total compensation of $7.43 million, while executive vice presidents Gregory S. Foran, David Cheesewright, and Rosalind G. Brewer earned annual compensation packages of $19.53 million, $10.67 million and $9.56 million, respectively.

Foran is CEO, Walmart U.S.; Cheesewright is CEO, Walmart International; and Brewer is CEO of Sam’s Club. Wal-Mart CEO C. Douglas McMillon earned total compensation of $19.39 million in fiscal 2015.

For fiscal 2015 ended or the year ended Jan. 31, Wal-Mart reported:

  • Global e-commerce sales increased 21.6% to $12.20 billion from $10.03 billion for fiscal 2014. Wal-Mart didn’t break out regional metrics.
  • Total net sales increased 1.9% to $482.22 billion from $473.07 billion.
  • The web accounted for 2.5% of sales compared with 2.1% in fiscal 2014.
  • U.S. comparable-store sales, which include Wal-Mart stores and Sam’s Club warehouse locations, increased 0.5%. Wal-Mart didn’t provide an international breakout.
  • Net income was $16.36 billion, up 2.1% compared with net income of $16.02 billion in the prior year.
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