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by heymijo
2545 days ago
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> One other factor to keep in mind, though it’s unclear if it contributes to the Foran-Lore tension: In past years, Foran’s annual performance bonus has been heavily tied to the operating profit of Walmart’s US business, which includes the e-commerce division that Lore runs. Walmart’s US operating profit hasn’t, however, factored into Lore’s annual bonus. Lore is operating like a startup, not focused on short-term profits. Meanwhile, Walmart's US CEO, Greg Foran has his compensation tied to annual results, which include Lore's operations. If accurate, this reads like Incentives 101, and it reflects poorly on Doug McMillon, Walmart's overall CEO. |
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