Wednesday, October 27, 2010

McDonald's executives cash in on soaring stock

Crain's) — McDonald’s Corp.’s CEO and other top executives netted nearly $26 million in stock option profits last week when they sold shares following the company’s strong third-quarter earnings report.

James Skinner, CEO of the Oak Brook-based fast-food chain, sold 235,000 shares at an average price of $78.43 for a profit of nearly $11.7 million. The sales were part of a “routine exercise of a group of stock options,” a McDonald’s spokeswoman said.

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