Mackey J. McDonald served as the Chairman and CEO of V.F. Corporation from 2000 until his retirement in 2008. With a background in business administration, he focused his career on management in the apparel industry. Notably, during his tenure at...

Mackey J. McDonald served as the Chairman and CEO of V.F. Corporation from 2000 until his retirement in 2008. With a background in business administration, he focused his career on management in the apparel industry. Notably, during his tenure at V.F. Corporation, he adapted the company's executive compensation plans to ensure they were aligned with company performance, aiming to attract top talent. McDonald significantly impacted the company, implementing strategies that significantly increased earnings and revenues. After stepping down, he remained involved as executive chairman, showcasing his commitment to the company's success even post-retirement. An interesting tidbit: McDonald initiated a change to his severance agreement to reduce his potential tax burden on large payouts when a change in control occurred, indicating a thoughtful approach to financial management. His leadership principles and decisions have left a lasting mark on V.F. Corporation, making it a prominent name in the industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other V.F. Corporation CEOs

V

Mackey J. McDonald

Ex-CEO of V.F. Corporation

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

August 10, 1948 - 76 years ago

CEO of V.F. Corporation for

8 years 0 months (Jan 2000 - Jan 2008)

Previous Experience

CEO of VF Corporation

Rivals

Competitors/colleagues of Mackey J. McDonald

Holdings

See how much did Mackey J. McDonald make over time.

Mackey J. McDonald held a substantial number of shares in V.F. Corporation during his tenure, with a peak reported ownership of around 1.28 million shares as of early 2003. This stake highlighted his strong belief in the company’s future and...

Mackey J. McDonald held a substantial number of shares in V.F. Corporation during his tenure, with a peak reported ownership of around 1.28 million shares as of early 2003. This stake highlighted his strong belief in the company’s future and aligned his interests with those of the shareholders. Over time, fluctuations in his holdings for stock options and performance-based shares showed a direct connection to his performance as CEO. In 2003, he had 1,156,667 options that were set to vest reflecting his engagement in business strategies that yielded increased earnings per share for the company. McDonald’s significant ownership signifies his strong belief in the company’s potential for long-term growth and commitment to its success. After retirement in 2008, the value of his holdings reflected both his contributions to the company and the overall market performance of the apparel industry, showing how executive decisions can impact personal financial outcomes.

Loading...

Insider Trading

See recent insider trades of Mackey J. McDonald.

No insider trades found for this CEO.

Compensation History

See how much did Mackey J. McDonald make over time.

In 2008, Mackey J. McDonald earned a total compensation of approximately $5.9 million from V.F. Corporation. This included a base salary of $291,000 and a significant cash bonus of almost $197,000 based on company performance. A notable feature of his compensation package was the performance-based restricted stock units that vested during his tenure, valued at about $4.5 million. McDonald’s compensation structure was clearly tied to the company's success, reflecting a philosophy that aimed to reward top executives for achieving ambitious performance metrics. In previous years, such as in 2007, his total compensation reached around $1.5 million, primarily driven by his bonus tied to performance metrics. This trend illustrates how executive pay at V.F. Corporation was tailored to match the company’s financial achievements. McDonald’s compensation details provide insight into how performance and results were crucial in setting executive pay at the company.

Year

2008

Total Compensation

$1.45M

Salary

$291.00K

Board Justification

The compensation philosophy aims to align executive compensation with company performance, attract and retain top talent, and provide competitive compensation packages.

Bonus

$196.94K

Board Justification

Discretionary cash bonuses based on performance evaluation of VF and executives during 2008.

Other

$47.69K

Board Justification

Includes various perquisites and benefits, such as financial planning and personal use of aircraft.

Restricted Stock

$917.17K(4.46M RSU)

Board Justification

Performance-based restricted stock units (RSUs) that vested based on achievement of performance goals for the 2006-2008 cycle.

Performance Metrics

Performance metrics included earnings per share, revenue growth from continuing businesses, and revenue from recent acquisitions.

Other V.F. Corporation CEOs

Here are other CEOs of V.F. Corporation

Eric C. Wiseman

Ex-CEO of V.F. Corporation

January 2008 - January 2017