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This page contains all of the posts and discussion on MemeStreams referencing the following web page: McDonald's pays deceased CEOs bonuses. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

McDonald's pays deceased CEOs bonuses
by IconoclasT at 6:02 pm EDT, Apr 6, 2005

Wow... Blame Elvis.. I hate when dead guys are better compensated than me...

LOS ANGELES (Reuters) - McDonald's Corp. said on Wednesday it paid more than $5 million in bonuses to the estates of former Chief Executives Jim Cantalupo and Charlie Bell following their deaths.

Cantalupo, who died suddenly of a heart attack last April, received a bonus of $1.8 million in recognition of his "outstanding service," the company said in regulatory filing. McDonald's said the bonus was similar to one Cantalupo would have received had he remained employed throughout 2004.

Cantalupo's estate also received a prorated payout of $791,000 as part of the company's long-term incentive plan.

Bell, Cantalupo's successor, received a bonus of $3.2 million following his death in January from colon cancer. He stepped down as CEO in November due to his illness.


 
RE: McDonald's pays deceased CEOs bonuses
by flynn23 at 11:50 am EDT, Apr 7, 2005

IconoclasT wrote:
] Wow... Blame Elvis.. I hate when dead guys are better
] compensated than me...
]
] LOS ANGELES (Reuters) - McDonald's Corp. said on Wednesday
] it paid more than $5 million in bonuses to the estates of
] former Chief Executives Jim Cantalupo and Charlie Bell
] following their deaths.
]
] Cantalupo, who died suddenly of a heart attack last April,
] received a bonus of $1.8 million in recognition of his
] "outstanding service," the company said in regulatory filing.
] McDonald's said the bonus was similar to one Cantalupo would
] have received had he remained employed throughout 2004.
]
] Cantalupo's estate also received a prorated payout of $791,000
] as part of the company's long-term incentive plan.
]
] Bell, Cantalupo's successor, received a bonus of $3.2 million
] following his death in January from colon cancer. He stepped
] down as CEO in November due to his illness.

I think the more telling and ironic part of this article is the fact that two former leaders of this company dies suddenly from colon cancer and heart disease! Surely not from consuming the company product day after day.


 
 
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