New McDonald’s CEO Doesn’t Own a Single Share of the Company
Posted on AllSides November 5th, 2019
From The Left
Chris Kempczinski’s rapid ascent to the top job at McDonald’s Corp. has left him in a slightly awkward situation for a big-company leader: He doesn’t hold a single share in the restaurant chain.
In May, Kempczinski sold the entire stake he had accumulated since he started at McDonald’s in 2015 -- roughly 10,900 shares, regulatory filings show. He also exercised almost 27,900 options and liquidated that holding. The transactions netted him $4.44 million before taxes.
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