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
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Hershey's new logo launched, compared to emoji poop
2
Brazil Air Force, Saab discuss Gripen procurement deal
3
The 'Home of the Whopper' to keep headquarters in U.S.
4
Abercrombie & Fitch axes logos after years of declining sales and bad press
5
Canadian media must broadcast official emergency notifications
Trending News
Video
x
Feedback