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Its executives receive a significant portion of their total compensation in stock.
Stock and options could account for a fifth of their total compensation, according to former employees and financial planners.
A typical family insurance plan would raise their total compensation by more than half, destroying the McDonald's business model.
For some Wall Street professionals, the year-end bonus can easily account for more than half their total compensation.
Their total compensation packages are not known, but the person briefed on the matter said their pay would be down from the previous year.
The company's top 600 managers will now have their performance-based stock awards -- which can be a majority of their total compensation -- determined mainly by how well they satisfy customers, based on surveys conducted by the company.
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The cash and stock that the executives returned amounted to roughly one year's worth of their total incentive compensation.
Since Merrill's stock makes up 4% to 5% of their total annual compensation, they are ripe for picking just now.
A recent survey of 350 large American companies by William M. Mercer, a consultancy, found that their chief executives' median total compensation was $8.6m.
Last year, the S.E.C. began requiring companies to provide more information about stock option awards and to report the total compensation of their five highest-paid managers.
The public companies paid on average more than twice as much to their chief execs, with average total compensation of $7.2 million, versus $3.3 million at similarly situated private concerns.
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CEO of Professional Science Editing for Scientists @ prosciediting.com