Industry News | April 5, 2002

McDonald's Chairman Greenberg's '01 Bonus Unchanged At $1.2 Million

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According to Dow Jones, Jack Greenberg, McDonald's Corp. (MCD) Chairman and Chief Executive, received a $1.2 million bonus in 2001 in addition to his $1.4 million salary, a 7.7 percent increase from the $1.3 million he earned in 2000, according the Securities and Exchange Commission.

McDonald's said that Greenburg's bonus was based upon his strong leadership in the face of the company's current challenges. However, the company also said that across the board, annual executive bonuses were lower than expected because of those same challenges—no merit-based raises were given to executives in 2002.