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Walmart has announced plans to increase the salaries of 440 of its regional multi-store managers, meaning the top earners could make as much as $620,000 a year.
Combined with a previously announced new average salary of $128,000 and the ability to earn up to 200% of that salary in bonuses, a Walmart manager could earn as much as $404,000 a year.
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Walmart officials moved McMillon from his role at Sam's Club to lead Walmart's international division in February 2009, [12] replacing Mike Duke, who was promoted to CEO of Walmart Stores, Inc. [10] Under McMillon, Walmart International focused on improving in existing markets, such as Canada, China, United Kingdom and the Americas. [13]
The company is also raising the starting base salary for store managers and increasing the bonus plan of up to 200 per cent of their regular salaries. [138] Also in February, Walmart entered into an agreement to acquire Vizio for $2.3 billion with the intention to expand its advertising sales in video content that streams for free on Vizio devices.
Furner began his career at Walmart in 1993 as an hourly store associate. [3] He later became a store manager, district manager, and buyer. He became CEO of Sam's Club on Feb. 1, 2017, after serving as Sam's Club's chief merchandising officer and, prior that, spending nearly three years in Walmart's international division as EVP of merchandising and marketing for Walmart China.
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