McDonald’s pay bump was the result of a higher cash-based bonus of $3.3 million, which was up 36 percent from the previous year. His base salary of $1.6 million and stock awards of $6.4 million were unchanged from the previous year. His stock options were valued at $4.2 million, a 4 percent dip.
Other compensation rose 7 percent to $332,877 million, including the value of use of the corporate jet and retirement fund contributions.
Lafley’s compensation included a salary of $217,391 and a bonus of $1.6 million. All other compensation came to $187,264.
The maker of Tide detergent, Crest toothpaste and other consumer goods, like many of its rivals, has been expanding into rapidly growing emerging markets such as Latin America, India and Russia. But there, it has faced tough competition from already entrenched smaller rivals such as Dutch consumer-products maker Unilever and Colgate-Palmolive.
P&G in 2011 acknowledged that it had made missteps in some emerging markets when it expanded in some product areas too quickly. Since then it has been working on a turnaround effort aimed at focusing on its top 40 top businesses, 20 biggest new products and 10 most profitable emerging markets as it undergoes a cost cutting plan aimed at saving $10 billion by fiscal 2016.
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