McDonald's CEO on coronavirus impact: Optimistic government will ask us to remain open. In departing, Easterbrook acknowledged that the relationship was a mistake. As a bellwether for the fast-food industry, McDonald’s has become a principal target of groups like Fight for $15 and the American Civil Liberties Union, which say McDonald’s has tolerated workplace harassment and ignored safety issues. Home of the Week: A 116-year-old Tudor in South Pasadena. Those shares would be worth $6.94 million as of Monday’s close, putting him close to the threshold. All Rights Reserved. Chris Kempczinski is President/CEO at Mcdonald's Corp. See Chris Kempczinski's compensation, career history, education, & memberships. As the President, Chief Executive Officer, and Director of McDonald's, the total compensation of Christopher Kempczinski at McDonald's is $5,229,160. Chris Kempczinski received a more than $2 million bump to $3.8 million in his first year as president of McDonald’s USA. Some investors closely monitor executive stock sales, particularly at companies in turmoil. Chris Kempczinski is President and CEO of McDonald’s, the world’s largest restaurant company. 21: Does expanding rent control make sense in a COVID recession? As part of his separation agreement, Easterbrook promised to cooperate with the company in future investigations and legal matters, and to refrain from working for a direct competitor for two years. BlackRock CEO Fink Says He’s Bearish on Emerging World, BTS Fans Now Have a New Way to Show Their Love: Buying Shares, Trump’s Debts Are the Least Mysterious Aspect of His Finances, Online Shopping the Pandemic Away? McDonald’s board voted Friday to oust Easterbrook after investigating the relationship, which was consensual but violated company policy. At the end of 2018, Easterbrook had unvested options worth $21.8 million. Chris Kempczinski Salary. Last year, Easterbrook received awards of restricted stock and options worth $11.5 million. In November, Steve Easterbrook abruptly departed as McDonald's CEO after an internal investigation into his romantic relationship with a coworker. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider The new training and anti-harassment measures create “a clear message that we are committed to creating and sustaining a culture of trust where employees feel safe, valued and respected,” Easterbrook said in a May letter to Sen. Tammy Duckworth (D-Ill.), who had sent an inquiry to the company amid a rise in claims of sexual harassment and misconduct. McDonald’s allowed him to keep $37 million of such awards when he left. What is the salary of Christopher Kempczinski? ‘The Wonder Years’ creators hang $29.5-million price tag on Malibu compound. Easterbrook, who took the reins in 2015 amid a sales slump and oversaw market-beating share gains, put McDonald’s in an uncomfortable position — even though the relationship was consensual. McDonald’s declined to elaborate on Easterbrook’s severance and departure beyond its public statements and filings. You may occasionally receive promotional content from the Los Angeles Times. Transactions at fast-food restaurants fell 40% in the week ended March 29, while full-service restaurants saw their transactions decline 79% in the same period, according to the NPD Group. McDonald's identified its median employee by annualizing a month of total gross wages for all employees around the world, including all full-time, part-time, and temporary workers. A Division of NBCUniversal. Senior executives can meet ownership thresholds by purchasing stock on the open market or hoarding shares they receive from various equity grants built into their compensation packages.
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