Brian White over at bloggingstocks posts some interesting questions about CEO Lee Scott's recent $22 million bonus.

If you're a Wal-Mart Stores, Inc. shareholder who has watched WMT shares sit around for the past five years without much movement, you'll be interested to know that Wal-Mart has awarded CEO Lee Scott a stock bonus worth $22 million for reaching revenue targets.

That's all well and good -- but after glancing at the five-year stock performance chart [see chart here], Scott certainly has not had a positive effect on the price of WMT shares in that timeframe, even though Wal-Mart itself may have met revenue goals set by upper management or the board. In fact, who set those revenue goals? ...

The details: Scott's regular salary and bonus for 2006 was $5.23 million, and his total compensation was $15.7 million, not counting restricted stock awards for performance. The $22 million bonus was for Wal-Mart's 2007 fiscal year revenue targets being beat.

Workers, shoppers and all Americans concerned about out-of-control CEO compensation should be alarmed at Scott's recent bonus. Wal-Mart shareholders should be incensed.

UPDATE: This post on White's blog sums up what I said about the bonus yesterday:

Wow, As a Wal-Mart associate my wages got capped! No wonder Wal-Mart sales are lackluster. Associates just don't care anymore! We have lost the basic core values that built this company. It's a real shame.