Mike Duke | featured news

The CEO of Wal-Mart Stores Inc. received a pay package in 2010 worth $18.7 million, a 4 percent dip from the year before, according to an Associated Press calculation, as the world's largest retailer struggled to reverse a decline in a key revenue figure.Mike Duke, 61, received a base salary of about $1.2 million and a performance-based bonus of nearly $3.9 million for the fiscal year that ended Jan. 31.

Walmart has stepped up efforts to mobilise local political support for new store openings in US cities and urban areas that were last month identified as a growth priority for the retailer by Mike Duke, its chief executive.