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In 2021, Kempczinski's total compensation from McDonald's was $20 million. [27] In 2023, Kempczinski's total compensation from McDonald's was $19.2 million, or 1,212 times the median employee pay at McDonald's for that year. [28]
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.
McDonald's former CEO, Steve Easterbrook, earned an annual salary of $1,100,000. [96] In 2015, Easterbrook had a base salary of $1.3 million and received $15.4 million in total compensation. [ 97 ]
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On August 23, 2006, he became the President of McDonald's USA and McDonald's Restaurants of Canada. In 2007, Thompson stepped into the role of Chief Operating Officer for the global corporation, and on July 1, 2012, he became president and chief executive officer (CEO) of McDonald's Corp, succeeding outgoing CEO, the retiring Jim Skinner.
McDonald’s employees working at the locations affected by the sale are expected to maintain their jobs. Abbate estimates roughly 1,700 employees work at his family’s Valley McDonald’s locations.
Rensi started working for McDonald's in 1966, as "a grill man and part-time manager trainee" in Columbus, Ohio, rising to restaurant manager within a year. [2]He was president and CEO of McDonald's USA from 1991 to 1997, and is "credited with development of chicken McNuggets and numerous other innovations".
The new contract, obtained by the Daily News through a public records request, extended by a year a pact that was originally set to end in 2025, and raised her annual salary by 9.5%, from $162,500 ...