One of America’s Corporate Black Executive, Desiree Ann Ralls-Morrison, the General Counsel and Corporate Secretary (Chief legal officer) of McDonald’s, received a total compensation package of $4.8 million from the American multinational fast food chain in 2022.
Ralls-Morrison — who became McDonald’s General Counsel and Corporate Secretary on April 26, 2021 — received a compensation package that includes a base salary of $0.8 million and a performance-based short-term incentive of $1.2 million — a direct reflection of her joint role in leading the multinational fast food chain toward impressive financial milestones in 2022.
The highly accomplished corporate executive also received a long-term incentive award of $1.2 million, reflecting her unwavering dedication and expertise as a seasoned corporate executive — her leadership not only propels the company forward but also reshapes the narrative of legal counsel within the ever-evolving corporate landscape.
Ralls-Morrison’s legal mastery supports McDonald’s financial resilience
McDonald’s Corporation is an American operator and franchisor of fast food restaurants represented worldwide and the biggest fast food company in the world with over 39,000 locations in over 100 countries. Approximately 93 percent of McDonald’s restaurants worldwide are owned and operated by independent local business owners.
Ralls-Morrison’s leadership in overseeing global legal operations and corporate governance has contributed immensely towards the operations and financial success of McDonald’s, with the group recording a modest 4.98 percent surge in gross profit — from $12.58 billion in 2021 to $13.21 billion at the end of 2022.
The legal maestro: Ralls-Morrison’s impact on McDonald’s and beyond
Ralls-Morrison’s managerial prowess and strategic legal acumen have been showcased at Boehringer Ingelheim USA, Inc. and Johnson & Johnson. In recent times, her roles as Senior Vice President, General Counsel, and Corporate Secretary have impacted McDonald’s legal strategies.
Beyond her executive and governance roles, Ralls-Morrison owns a minority 0.0009-percent stake in McDonald’s—equivalent to 32,569 ordinary shares. This stake presently commands a valuation of $9.31 million, underscoring her vested commitment to the continued triumph of the multinational fast-food giant.