Latest News

McDonald's pays chief executive £4.5m for boosting business

(23 February 2007 10:38)
McDonald's

McDonald’s has paid its chief executive, Jim Skinner, a bonus of $8.8m (£4.5m) for boosting business over the past three years.

Skinner, who took the helm in 2004, was rewarded for revitalising the fast-food giant chain after implementing an aggressive turnaround strategy. 

This included the addition of healthy options such as salads and sandwiches to McDonald’s menu as well as promoting breakfasts and extending restaurant hours.

McDonald’s said that Skinner will receive $3.5m (£1.8m) as a bonus for 2006 and a $5.3m (£2.7m) payout for the period of 2004 through to 2006 in addition to his regular salary.

Last month, McDonald’s reported a net profit of $3.5b (£1.8b) for 2006, marking a 36% increase compared with the previous year’s figures.

Article continues below

McDonalds wins Caterer’s Best Places to Work award >> 

Watch McDonalds on CatererTV >>

McDonald’s enjoys bumper year as December sales soar >> 

McDonald’s to serve ethical coffee >> 

McDonald’s to launch new Irish outlets >> 

Big Mac continues come back >> 

Fast-food customers opt for healthier option, says survey >> 

McDonalds to reduce the amount of trans fats in its products >> 

McDonalds launches training and lifestyle website for employees >>

By Jessica Harvey

E-mail your comments to Jessica Harvey here.

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

Sudoku
Join the craze and play Sudoku online!
Newswire
For the latest hospitality news, sign up for our e-mail news alerts.

Source: Caterer & Hotelkeeper

Spread the word:   related bookmark it! diggit! reddit!
 
21st November 2008