OAK BROOK, Ill.—McDonald's Corporation disclosed in a regulatory filing Thursday that its board of directors has approved a $2 trillion performance-based stock award for CEO Chris Kempczinski, contingent upon the achievement of five operational milestones that the company acknowledged "read more like a fever dream than securities law."
The 5-tranche award, disclosed in a Form 8-K filed with the Securities and Exchange Commission, would vest in stages as Kempczinski meets conditions ranging from global consumer saturation to interplanetary real estate development. At full vesting, the package would represent approximately 2 percent of global GDP.
Man Who Used AI to Write His Wedding Vows Is Now Suing the Algorithm for Emotional Distress
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