The CEO of McDonald’s is one of the highest-paid CEOs in the world. In 2020, the company’s CEO, Chris Kempczinski, earned a total of $10.8 million in compensation. This includes a base salary of $1.2 million, stock awards of $8.5 million, and other compensation of $1.1 million.
Kempczinski’s compensation is significantly higher than the average CEO salary in the United States. In 2023, the average CEO of a large U.S. company earned $15.5 million.
However, Kempczinski’s compensation is in line with the salaries of other CEOs of large restaurant chains. For example, the CEO of Yum! Brands, which owns KFC and Taco Bell, earned $15.4 million in 2020.
McDonald’s CEO’s salary is controversial. Some people argue that it is too high, especially given the company’s recent financial performance. In 2023, McDonald’s profits fell by 22%.
Others argue that Kempczinski’s salary is justified, given the size and complexity of the company. McDonald’s is one of the largest restaurant chains in the world, with over 39,000 restaurants in over 100 countries.
How McDonald’s CEO’s salary is determined
McDonald’s CEO’s salary is determined by the company’s board of directors. The board considers a number of factors when setting the CEO’s salary, including the company’s financial performance, the CEO’s experience and qualifications, and the salaries of CEOs of other comparable companies.
McDonald’s CEO’s salary in comparison to other CEOs
McDonald’s CEO’s salary is in line with the salaries of other CEOs of large restaurant chains. For example, the CEO of Yum! Brands, which owns KFC and Taco Bell, earned $15.4 million in 2020. The CEO of Starbucks earned $14.7 million in 2023.
However, McDonald’s CEO’s salary is significantly higher than the average CEO salary in the United States. In 2023, the average CEO of a large U.S. company earned $15.5 million.
The controversy surrounding McDonald’s CEO’s salary
McDonald’s CEO’s salary is controversial. Some people argue that it is too high, especially given the company’s recent financial performance. In 2023, McDonald’s profits fell by 22%.
Others argue that Kempczinski’s salary is justified, given the size and complexity of the company. McDonald’s is one of the largest restaurant chains in the world, with over 39,000 restaurants in over 100 countries.
What the future holds for McDonald’s CEO’s salary
It is likely that McDonald’s CEO’s salary will continue to be high in the future. The company is one of the largest and most successful restaurant chains in the world, and the CEO’s position is a demanding one.
However, it is also possible that the company’s board of directors will face pressure to reduce the CEO’s salary, especially if the company’s financial performance continues to decline.
