LITTLE ROCK — Most Wal-Mart execs get less in payments
Most of Wal-Mart’s top executives received less in cash incentive payments in fiscal 2012 as operating income fell short of target performance goals, according to the company’s proxy statement released Monday.
The company’s fiscal year ended Jan. 31.
Mike Duke, president and chief executive officer, received $2.88 million, down from $3.85 million in 2011 and $4.8 million in 2010.
Cash incentive payments for other officers for fiscal 2012 were as follows: Bill Simon, president and chief executive officer of Wal-Mart U.S., $1.29 million; Doug McMillon, president and CEO, Wal-Mart International, $1.13 million; Charles Holley Jr., executive vice president and chief financial officer, $832,454; and Brian Cornell, president and CEO of Sam’s Club, $1.5 million.
Home BancShares sells 50 properties
Conway-based Home BancShares, which has 39 Centennial Bank branches in Florida, sold about 50 foreclosed properties at auction last week for about $2.3 million.
The properties were sold to the highest bidders at an absolute auction, which means there was no minimum bid, held in Tallahassee, Fla.
The sale prices ranged from $4,000 for a residential lot in Carrabelle, Fla., to $227,000 for a condominium in Franklin, Fla.
There were 101 bidders at the auction and another 151 bidders online, said Bob Birch, regional president of Centennial’s Arkansas division.
“We were very pleased with the turnout and happy to sell these properties at these prices,” Birch said.
Most of the properties are clustered near the Florida Gulf Coast from Panama City Beach to Carrabelle.
The properties up for sale included more than 100 residential lots, two residential condominiums, a restaurant, a warehouse and a single-family home.
State index up 1.87 as J.B. Hunt rallies
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 1.87 to 227.01 on Monday.
“Despite a 4 percent decline in shares of Apple, weighing down the S&P 500 and Nasdaq, the Dow Jones industrial average managed to gain on better-than-expected retail sales,” said Chris Harkins, senior vice president and managing director of Delta Trust Investments Inc. in Little Rock. “The Arkansas Index moved higher, as 12 stocks advanced and four declined.”
J.B. Hunt rallied 1.6 percent, hitting another 52-week high, Harkins said.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 21 on 04/17/2012