McDonald's new CEO didn't own any shares of the company before last week. Now he owns half a million dollars' worth.
that Kempczinski's new role requires him to hold $7.5 million worth of the company's stock by October 2020. This means over the next year, Kempczinski will need to buy at least $7 million more of stock.
The new CEO's pay is also due to getting a bump — to $1.25 million dollars a year, with a 170% annual bonus. He won't need to pay for the $7.5 million worth of stock at once though, given his pay is far lower, instead, he can exercise the 36,800 options that he holds, which would almost foot the bill based upon the share price at the time of writing .
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