facebook
twitter
rss
account
search
search
 

McCEO Skinner's pay drops before retiring

April 14, 2012 at 8:40 AM   |   Comments

| License Photo
OAK BROOK, Ill., April 14 (UPI) -- Pay for McDonald's retiring Chief Executive Officer Jim Skinner slipped in 2011 compared to 2010, the company said in a regulatory filing.

Skinner, who announced his retirement in March, was paid $8.8 million in salary and stock awards -- including stock options -- for 2011, a 10 percent drop from his 2010 pay of $9.7 million, The Chicago Tribune reported Saturday.

As he leaves the company, Skinner will be paid an additional $10 million in cash at the end of the year, McDonald's said.

Skinner is leaving June 30 and will be replaced by McDonald's Chief Operating Officer Don Thompson.

Topics: Jim Skinner
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
5
Rheinmetall, KBR in joint venture bid for British defense entity
Trending News
Video
x
Feedback