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

23 February 2007
McDonald's pays chief executive £4.5m for boosting business

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.

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](mailto:daniel.thomas@rbi.co.uk?subject=McDonald's pays chief executive £4.5m for boosting sales) here.

Get your copy of Caterer and Hotelkeeper every week -

[Sudoku](http://www.caterersearch.com/Articles/Article.aspx?liArticleID=302619 "A new puzzle every day!") Join the craze and play Sudoku online!
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking