Summary Box: McDonald's CEO paid $8.8M in 2011

AP News
Posted: Mar 08, 2012 12:12 PM
Summary Box: McDonald's CEO paid $8.8M in 2011

THE PAY PACKAGE: McDonald's CEO Jim Skinner was given a pay package worth $8.8 million last year, down 10 percent from the previous year.

THE PAY CUT: The drop was the result of Skinner's performance-based cash bonus, which fell to $3.3 million, down 27 percent from $4.5 million. McDonald's determines bonuses as a percentage of the executive's salary. The exact percentage varies depending on a mix of metrics, including corporate and individual performance measures.

EXTRAS: In addition to annual bonuses, McDonald's also gives its executives a long-term bonus once every three years; Skinner received an $8.3 million long-term bonus in 2009 and is due for another this year.