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Initech

(108,943 posts)
8. The real criminals in this country are indeed the executives.
Wed Oct 9, 2013, 02:40 PM
Oct 2013
In 2012, his pay package went up to $27.7 million from $8.8 million the year before, reflecting a $10.2 million payment as part of his retirement under his contract agreement.

His pay included a base salary of $753,333, stock awards of $1.7 million and option awards of $3 million. His incentive pay came to $11.6 million, according to a filing with the Securities and Exchange Commission.

All other compensation came to $10.6 million, reflecting his $10.2 million as part of his retirement, contributions to retirement plans and use of a company plane. The company noted that Skinner will also get "secretarial services" for two years after his retirement.

As for Thompson, his pay included a base salary of $979,167 and stock awards of $660,129. His pay increase came mostly from his option awards, which rose to $3.2 million from $785,902, and his incentive pay, which rose to $8.6 million from $1.5 million.

http://www.usatoday.com/story/money/business/2013/04/12/mcdonalds-former-new-ceo-big-pay-bumps/2078001/


The ex CEO gets $27.5 million, the current one gets $13.8 million. And we wonder why our wages haven't changed.

Recommendations

0 members have recommended this reply (displayed in chronological order):

"I've been there forty years" handmade34 Oct 2013 #1
"I've been there 40 years" Iwillnevergiveup Oct 2013 #2
Typical "it's all about ME" response, no connection with speaker,no listening going on DebJ Oct 2013 #3
...so out of touch... handmade34 Oct 2013 #4
Nothing new here, BillyRibs Oct 2013 #5
I know, I know... handmade34 Oct 2013 #6
Kill one, warn a thousand. Ikonoklast Oct 2013 #9
........ daleanime Oct 2013 #7
The real criminals in this country are indeed the executives. Initech Oct 2013 #8
never going to eat at Mikey D's again.... WCGreen Oct 2013 #10
I only did many years in the past, RebelOne Oct 2013 #11
"I've been there forty years" KansDem Oct 2013 #12
Let them eat fries! LiberalEsto Oct 2013 #13
Rarely have gone there Iwillnevergiveup Oct 2013 #14
what a jerk noiretextatique Oct 2013 #15
Arrested for asking a question? What the HELL has become of our country? CIT13 Oct 2013 #16
She deserves a living wage Generic Other Oct 2013 #17
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