Categories: MSN Money

McDonald’s CEO Made 1,100 Times What His Workers Did

The U.S. Securities and Exchange Commission has long required public corporations to disclose the compensation of their top officers. The debate about whether chief executive officers are paid too much has gone on for decades. Many investors object to high CEO pay, which often runs into the tens of millions of dollars. Boards of directors claim that good CEOs are hard to find and that they have responsibilities for tens of thousands or even hundreds of thousands of workers.

Last year, the CEO of McDonald’s, Christopher Kempczinski, made 1,189 times the median compensation of his workers, according to an exclusive analysis of the pay of 294 public company CEOs done by MyLogIQ, which uses artificial intelligence and machine learning to examine SEC data. Kempczinski’s total pay was $10,847,032 in 2020. The company’s proxy stated, “McDonald’s is committed to a strong pay-for-performance culture that closely aligns the interests of executives with those of shareholders.”

AddThis Website Tools
admin

Share
Published by
admin

Recent Posts

High-Profile CEOs See Security Perks Climb in Divisive EnvironmentHigh-Profile CEOs See Security Perks Climb in Divisive Environment

High-Profile CEOs See Security Perks Climb in Divisive Environment

Nearly 40 S&P 500 firms included security costs in their CEOs' perk packages last year,…

4 months ago
Hanging Around: More 65+ CEOs Stay On the JobHanging Around: More 65+ CEOs Stay On the Job

Hanging Around: More 65+ CEOs Stay On the Job

Within the next five years, major corporations from JPMorgan Chase to The Walt Disney Co.…

5 months ago
AI Disclosures Increase, yet Committee Charters Have Not Caught UpAI Disclosures Increase, yet Committee Charters Have Not Caught Up

AI Disclosures Increase, yet Committee Charters Have Not Caught Up

Artificial intelligence is the single-largest area that boards have devoted time to in the last…

6 months ago

The Highest Paid CEOs of 2023

The chiefs of America’s biggest companies reached new pay heights in 2023 as stock awards…

7 months ago

Musk Effect Drives Spread of Supersize CEO Pay Packages

Elon Musk didn’t just upend the global auto business and space missions. The billionaire is…

7 months ago

Top 5 Highest Paid American CEOs Of 2023

In 2023, the leaders of America's largest companies saw their compensation packages soar to unprecedented…

7 months ago