“Let’s just say the numbers can be made to fib”

Walmart shareholders haven’t had a great year. Despite a hot market, Walmart stock has been flat and FY 2014 sales were up just 1.6%. But don’t worry: The flat stock performance didn’t hurt pay for Walmart’s top executives! As Gretchen Morgenson of the New York Times wrote this weekend, “when it comes to figuring the performance of top executives, let’s just say the numbers can be made to fib.”

Deja Vu All Over Again: Shifting the Goal Posts on Executive Compensation

In 2011, The New York Times reported on the Board of Directors’ decision to alter one of the criteria Walmart used to assess executive performance and thereby executive compensation. The result? As the Times described it, “Shifting the goal posts meant more money for Mr. Duke in the latest fiscal year than he would have received under the old arrangement.”