From unloading trucks to $25.7 million in compensation
December 26, 2022
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McMillon was a graduate of the local public school. He then left for Arkansas to study at the University of Arkansas, Fayetteville. He received a bachelor’s degree from the University of Arkansas at Fayetteville in 1989 in business administration. Her Instagram bio says “Husband.” Dad. Razorback. Gadget enthusiast. Retail life. Proud Associate of Walmart”, refers to the university’s mascot (a shaved-back pig known simply as “Big Red”)
University of Arkansas yearbook photo of Doug McMillon in 1989
University of Arkansas Libraries Special Collections
McMillon enrolled in the University of Tulsa’s MBA program the following year. While finishing college, McMillon started out as an intern buyer at a local Walmart. McMillon moved to Walmart headquarters in his hometown of Arkansas soon after.
Bloomberg Businessweek reports that McMillon has worked in many fields, including food, clothing and home furnishings. He started his career as General Merchandise Manager at Sam’s Club (Walmart’s wholesale store) and rose to the rank of Senior Vice President at Walmart where he was responsible for toys, electronics, sporting goods and other products.
McMillon became CEO of Sam’s Club, his first major position with the company. According to the Wall Street Journal, this is where McMillon made his name focusing on small business owners.
McMillon, as CEO, applied his leadership skills to other areas, such as social issues. McMillon has been called one of the nation’s most “woke” CEOs. He was also named “Most Connected CEO” by Brunswick Group’s Connected Leadership Survey.
Gareth Patterson/AP Images
McMillon condemned racial violence after the death of George Floyd and promised Walmart would provide mentorship as well as funding to support racial equity. The company has donated a total of $14 million to 16 nonprofit organizations. They also set a goal to donate $100,000,000 over five years to address systemic racist behavior.
Mark Lennihan/AP Images
Walmart helped bolster vaccination efforts across the country and provided essential goods to low-income shoppers as the Covid-19 pandemic grew. McMillon called on Congress to pass a second stimulus check in February 2021. He used Walmart spending data from February 2021 to show that families need more money to buy groceries and household items. other essentials.
Doug McMillon is the CEO of Walmart. He speaks on the coronavirus at the Rose Garden of the White House on Monday, April 27, 2020.
AP Photo/Alex Brandon
McMillon was also responsible for the 2020 launch of Walmart+, the Walmart Connect advertising company, and curbside pickup at Sam’s Club.
Sam’s Club employees assist with curbside pickup
sam’s club
McMillon received $25.7 million in total compensation in fiscal year 2022. Shelley McMillon, his wife, is a philanthropist who has donated millions to various causes.
Shelley and Doug McMillon were at Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, USA on July 7, 2022.
Brendan McDermid/REUTERS
McMillon said his optimism is higher now than it was at the start of his year during a May 20, 2022 post-earnings call. “The economic stimulus in the United States is clearly having an impact.” McMillon’s optimism is backed by the numbers, with a single-digit profit increase in fiscal 2022.
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