McDonald's CEO made more than $10.8 million last year

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McDonald's CEO Chris Kempczinski received more than $10.8 million in compensation last year, despite the company missing performance targets
, according to a company filing.

In April, the fast-food giant said that its executives would take pay cuts as the coronavirus pandemic battered the restaurant industry. Kempczinski's base salary was cut in half but reinstated in October as the company's sales recovered. Without the pay cut, his base salary would have been $1.25 million, but he received about $963,500 instead.

Like most chief executives of publicly traded companies, the bulk of Kempczinski's compensation does not come from a salary. Stock and option awards added $9.5 million to his compensation, and other forms of compensation, like use of the…
Amelia Lucas
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