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.
BRUISED, BEAUTIFUL, AND ENTIRELY TOO LONG: MUNGIU'S "FJORD" IS THE FILM WE DESERVE AND CANNOT ESCAPE
By Jackie Esiskel, Senior Film Correspondent, IRREVERENT Magazine
On location, Palais des Festivals, Cannes
CANNES, FRANCE — There are films that challenge you. There are films that disturb you. And then there is Fjord, the new work from celebrated Moldovan auteur Cristian Mungiu, which does both simultaneously while also running approximately as long as a transatlantic flight with a layover in Reykjavik.
I have seen it. I have
...The S&P 500 hit 13.4% profit margins in Q1. True conservatives understand what this means. The left, predictably, does not.
By Tuck Chimes | Senior Correspondent
NEW HAVEN — I was sitting in my study — the one with the Yale pennant, the one my advisor helped me decorate in 2003, the one where serious
...By Kharla | Fashion Director, IRREVERENT Magazine
MILAN — The thing about Milan in May is that the light does something to your cheekbones. Mine specifically. I noticed it the moment I stepped off the train at Centrale, rosé already open in my tote bag because I am a professional and professionals hydrate, and also
...VIENNA — I am writing this from the Hotel Imperial lobby at 2:47 AM, surrounded by the wreckage of what I can only describe as the most expensive lesson in trusting algorithms I have ever received. The WiFi is still down. It has been down since Tuesday. Friedrich, the concierge, just walked past with a look that said I
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