2014, which was McDonald’s worst fiscal year in a decade, took a toll on the company’s top executives, if you want to call it that.
Former CEO Don Thompson, who was paid $9.5 million in 2013, was hit with a 25 percent drop in 2014, taking his salary down to $7.3 million. His replacement, Steve Easterbrook, will be paid a comparatively paltry sum of $1.1 million in base salary in his first year as CEO.
Meanwhile, the company’s chief financial officer, Pete Bensen, received $2.8 million in 2013, down 22 percent from $3.6 million in 2014.
Don’t feel too bad for him, though — Benson, who recently “transitioned into the newly created position of chief administrative officer, also got a raise for this year,” according to Crain’s Chicago. That includes a bump in base salary, as well as eligibility for a 125 percent annual bonus.
McDonald’s also announced that its longtime director, Cary McMillan, will leave the board as of May 21, the day of the company’s annual meeting. McDonald’s did not give a reason for the departure of McMillan, who has been with the company since 2003 and is one of the younger company directors at 54 years old.