McDonald's exec paid $9.4 million in 2007

OAK BROOK, Ill., April 10 (UPI) -- McDonald's Corp. Chief Executive Jim Skinner received a compensation package of $9.44 million in 2007, a Securities and Exchange Commission file showed.

The total package was down 35 percent from his earnings in 2006, the Chicago Tribune reported.

Much of the cut was due to a reduction in restricted stock. Skinner received $3.19 million worth of restricted stock in 2006 and $918,376 worth in 2007, the paper said.

Skinner also received a $5.33 million long term incentive plan payment in 2006, the report said.

It wasn't a bad year for the hamburger chain, which saw global sales rise 6.8 percent in 2007.