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McDonald’s CEO Skinner’s salary up, other pay fell

The Columbian
Published: March 4, 2011, 12:00am

PORTLAND, Ore. (AP) — The CEO of McDonald’s Corp. received a pay package worth nearly $9.7 million during fiscal 2010.

That’s down 45 percent from the year before, but the drop is largely due to the timing of long-term bonuses that McDonald’s executives receive only every three years.

The nation’s largest hamburger chain increased CEO Jim Skinner’s salary 3 percent to $1.4 million and it raised his annual performance bonus by 38 percent. But Skinner got an $8.3 million long-term bonus in 2009 and isn’t up for another long-term bonus until 2012.

Skinner’s perks and stock options and awards also fell but by a much smaller amount.

The Associated Press formula is designed to isolate the value the company places on executives’ total compensation and AP’s totals sometimes vary from what’s reported to regulators.

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