Can Trump take credit for brand new jobs?

the item’s a tough time to be in retail. yet Walmart will be doing okay — along with CEO Doug McMillon will be cashing in.

The top executive’s pay rose nearly 13% to $22.4 million during the company’s fiscal year which ended on Jan. 31, according to a company filing. which’s up by $19.8 million the year prior.

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Related: Mary Barra will be the planet’s top-paid auto CEO

McMillion has led Walmart (WMT) since 2014. Under his direction, the company has expanded its e-commerce footprint along with managed to stay inside the game against the likes of online shopping behemoth Amazon (AMZN, Tech30).

In its most recent quarter, Walmart’s online sales grew 29% by a year ago. Amazon increased total sales by 22%.

McMillon also closed a deal to buy e-commerce site Jet.com for $3.3 billion last September. along with he’s joined President Donald Trump’s economic advisory council.

Walmart said in January the item plans to create 10,000 brand new U.S. jobs at the top of the year. Though the additions represent less than 1% of the company’s current American workforce, the item runs counter to the layoffs along with store shutdowns facing different retailers.

McMillon’s hefty paycheck will be enviable, yet not unheard of.

inside the same ballpark: General Motors (GM) CEO Mary Barra earned $22.6 million in 2016, up 30% if you exclude a one-time retention bonus she received the year before. Mark Fields of Ford (F) received $22.1 million in 2016, a 19% pay hike. along with Randall Stephenson, the top exec at AT&T (T, Tech30), received $28.4 million, up 13%, according to a company filing.

sy88pgw (brand new York) First published April 20, 2017: 7:26 PM ET


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