BUSINESS

Millionaire Walmart CEO Says He's Just Another Associate

05/28/2014 05:22 pm ET | Updated May 28, 2014
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Walmart's chief executive deflected a question on Wednesday about how to improve his employees' lives by reportedly proclaiming himself just another "associate."

President and CEO Doug McMillon, who made $9.56 million last year, spoke mostly about the future of Walmart's e-commerce business at the inaugural Code Conference, a tech convention just outside of Los Angeles being hosted by the publication Re/code.

Business Insider reports that during a Q&A session, Bloomberg Businessweek senior writer Brad Stone asked McMillon what he's doing to improve life for Walmart's 1.3 million retail associates. Walmart claims that only 30,000 of those workers work for minimum wage, and that the majority earn more; other reports put the number of minimum-wage workers higher.

McMillon answered that he was just another "associate."

"I'm one of them," he said, according to the Business Insider report.

Parroting the usual line Walmart uses to justify its low wages, McMillon said the company provides an "opportunity" for low-level employees to move up. After all, he said, he started by working in a company warehouse.

Walmart associates cost the government about $300 million a year in food stamps, according to the public radio show "Marketplace."

A spokesman for Walmart did not immediately respond to The Huffington Post's requests for comment.

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