NEW YORK (AP) — McDonald's Corp. gave outgoing CEO Jim Skinner a pay package worth $8.8 million last year, a 10 percent drop from the previous year.
The reduction was largely the result of a lower incentive bonus. A regulatory filing made with the Securities and Exchange Commission shows the world's biggest hamburger chain gave its top executive a salary of $1.5 million, stock and option awards worth $3.2 million and an incentive bonus of $3.3 million.
All other compensation came to $752,024 and covered costs for the use of the company aircraft and contributions to retirement plans.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
