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In 2023, McDonald's CEO and chairman Chris Kempczinski received a raise and was paid around 1,212 times that of the average employee. He snagged a salary of $19.2 million, including bonuses and stock.
McDonald's (MCD) CEO Jim Skinner's $17 million pay package is directly tied to the fast-food company's delivery of solid revenues and big returns for shareholders during an economic downturn. The ...
United States: The Dodd–Frank Wall Street Reform and Consumer Protection Act, which began in 2018, requires publicly traded companies to report a "pay ratio", which is the ratio of the CEO's to the median employee's pay. [17] For example, in 2018 McDonald's CEO's ratio was 3,101:1 (although the median pay was of a worker in Poland), while in ...
By shifting strategies, Skinner and his team were able to increase McDonald's total sales, increasing from $50.1 billion in 2004 to $70.1 billion in 2008. [8] Skinner retired as Vice Chairman and Chief Executive Officer on June 30, 2012 after 41 years with McDonald's. [9] In 2012, he received total annual compensation of $27,741,408. [10]
Since the 1990s, CEO compensation in the U.S. has outpaced corporate profits, economic growth and the average compensation of all workers. Between 1980 and 2004, Mutual Fund founder John Bogle estimates total CEO compensation grew 8.5 per cent/year compared to corporate profit growth of 2.9 per cent/year and per capita income growth of 3.1 per cent.
CEOs at leading firms pocket over 1,000 times their employees' salaries. Curious about the companies with the widest gaps? Dive deeper to uncover the full story.
Kempczinski joined the McDonald's global strategy team in late 2015, and was promoted to president of McDonald's USA in October 2016 where he oversaw the business operations of approximately 14,000 restaurants. [9] [11] [12] In November 2019, he succeeded Steve Easterbrook as president and CEO. [13]
In a stirring Bloomberg BusinessWeek article, Leslie Patton tells the story of one McDonald's employee. His name is Tyree Johnson. The 44-year-old has worked at the fast food chain for two decades ...