The CEO and Chairman of McDonald's, Chris Kempczinski, was paid $19.2 million last year in total compensation, which includes his salary, bonuses, and stock awards.
Understanding CEO Compensation
When discussing the "salary" of a CEO, it typically refers to their base pay. However, publicly reported figures for executive compensation usually encompass a broader package known as total compensation. This comprehensive figure includes not only the base salary but also performance-based bonuses, stock options, restricted stock units, and other benefits. These components are designed to align the executive's incentives with the company's performance and shareholder interests.
McDonald's CEO Chris Kempczinski's Compensation
For the most recently reported fiscal year, Chris Kempczinski, the CEO and Chairman of McDonald's, received $19.2 million in total compensation. This substantial sum reflects a combination of his base salary, various performance-based bonuses, and equity awards in the form of stock.
This compensation package represented an 8% increase compared to his earnings in 2022. While it marked a significant raise, it was still somewhat lower than his total compensation in 2021, when Kempczinski was paid approximately $20 million.
Compensation Overview
The following table summarizes Chris Kempczinski's total compensation over recent years:
| Year | CEO Total Compensation | Details |
|---|---|---|
| Last Year | $19.2 million | Includes salary, bonuses, and stock. This was an 8% increase over the previous year. |
| 2021 | Approximately $20 million | Total compensation, which was higher than "last year's" figure. |
For more detailed information on executive compensation, you can refer to business news outlets that cover corporate finance, such as Restaurant Business Online.
