Walmart CEO Michael Duke makes roughly $35 million a year in salary which comes out to $16,826.92 an hour. Most of Walmart’s new employees make $13,650 in an entire year.
It’s safe to say that Walmart employees are not going to own the place anytime soon so with the disparage in pay it makes one wonder why more of the wealth could not be distributed more efficiently.
Walmart qualifies as the largest company in the world and a Fortune 1 company. A study conducted by the Institute for Policy Studies revealed most CEOs listed on the S&P 500 make 319 times more than the average American worker.