McDon­ald’s re­leases pay data

Los Angeles Times - - BUSINESS -

McDon­ald’s for­mer CEO Don Thomp­son’s com­pen­sa­tion fell more than 20% in his fi­nal full year at the helm, a year in which the com­pany’s per­for­mance “fell sig­nif­i­cantly short of ex­pec­ta­tions,” McDon­ald’s board said.

In its let­ter to share­hold­ers, McDon­ald’s board ac­knowl­edged that share­hold­ers have been look­ing for more trans­parency in what the board does, es­pe­cially when it comes to “driv­ing im­proved op­er­at­ing per­for­mance.”

Last year, McDon­ald’s net profit plunged 15% and rev­enue fell 2%. The com­pany faced a va­ri­ety of is­sues in­clud­ing height­ened com­pe­ti­tion from nim­ble com­peti­tors and a sup­plier safety is­sue in Asia.

The board named Steve Easter­brook to suc­ceed Thomp­son as CEO this year. Thomp­son’s to­tal com­pen­sa­tion fell to about $7.3 mil­lion in 2014 from about $9.5 mil­lion in 2013, which was also sharply lower than 2012’s to­tal com­pen­sa­tion of al­most $13.8 mil­lion.

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