Retail

McDonald’s CEO Chris Kempczinski made more than $10.8 million in 2020

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Chris Kempczinski, McDonald’s, speaks during a press conference in New York, November 17, 2016.

Shannon Stapleton | Reuters

McDonald’s CEO Chris Kempczinski received more than $10.8 million in compensation last year, despite the company missing performance targets, according to a company filing.

In April, the fast-food giant said that its executives would take pay cuts as the coronavirus pandemic battered the restaurant industry. Kempczinski’s base salary was cut in half but reinstated in October as the company’s sales recovered. Without the pay cut, his base salary would have been $1.25 million, but he received about $963,500 instead.

Like most chief executives of publicly traded companies,…



Source cnbc.com

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