McDonald’s Will Pay Former CEO Thompson $3 Million to Consult
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McDonald’s Corp., the world’s largest restaurant chain, will pay former Chief Executive Officer Don Thompson $3 million to consult for the company in the next year.
Thompson, who presided over a sales slump that forced him from the CEO job after less than three years, will receive the money in two cash payments, the Oak Brook, Illinois-based company said Tuesday in a filing. He also agreed to extend his non-compete clause to two years, longer than the company’s customary 18-month agreement.