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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