"The CEO of McDonald's (NYSE: MCD) is bullish on his own stock; he recently bought $1.1 million in shares," says trading and investing expert Bill Martin in BullMarket.com.
"On October 23, CEO Jim Skinner purchased 20,000 shares at $55.00, increasing his holdings to 236,700 shares. The buy was the first for Skinner in at least five years. "Under the terms of McDonald's stock ownership guidelines, Skinner is expected to hold 6 times his annual base salary in shares, or $7.65 million in stock.
"He exceeded the ownership guidelines prior to his recent purchase and presently owns more than $12.55 million in shares, excluding unvested restricted stock, phantom stock, and options.
"Excluding dividends, shares of McDonald's have risen nearly 90% during Skinner's approximately four-year tenure at the helm, no small feat considering they rose just 2% in the preceding four years and 43% in the preceding eight years.



