NEW YORK (AP) — McDonald's Corp. gave outgoing CEO Jim Skinner apay package worth $8.8 million last year, a 10 percent drop fromthe previous year.
|The reduction was largely the result of a lower incentive bonus.A regulatory filing made with the Securities and ExchangeCommission shows the world's biggest hamburger chain gave its topexecutive a salary of $1.5 million, stock and option awards worth$3.2 million and an incentive bonus of $3.3 million.
|All other compensation came to $752,024 and covered costs forthe use of the company aircraft and contributions to retirementplans.
|Skinner is set to retire this summer after 41 years with thecompany. The fast food giant's president Don Thompson will takeover and become the company's first African American CEO.
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