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McDonald's Pays $7.18M in CEO Bonuses
McDonald's Pays a Total of $7.18 Million to Those Holding CEO Post in 2004
In a year when McDonald's Corp. had three chief executive officers, the fast-food chain paid a total of $7.18 million in bonuses to executives holding the post.
McDonald's said in a definitive proxy filed Wednesday with the Securities and Exchange Commission that it paid Vice Chairman and Chief Executive James A. Skinner a $2.2 million bonus for 2004. Skinner was elected chief executive on Nov. 22.
The Oak Brook, Ill.-based company said it awarded about $3.19 million to the estate of former President and Chief Executive Charles H. Bell. Bell stepped down from his posts on Nov. 22 for health reasons and died in January from cancer.
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Source - AP
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Date Listed: 2005-04-07
More news about: Industry: Restaurant Category: Financial McDonalds
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