- Fast-food CEOs have been slammed for making exponentially more than workers at their companies.
- Public companies are now required to report the ratio between the salaries of the company’s CEO and its „median“ worker.
- At McDonald’s, the CEO makes 3,101 times as much as the median worker, while Starbucks‚ CEO makes 1,049 times the average employee.
- Here is how some of the biggest names in fast food stack up.
As fast-food workers fight to make $15 an hour, many CEOs have been slammed for their multimillion-dollar salaries.
Last year, the Securities and Exchange Committee made it mandatory for public companies to disclose the ratio of pay between their chief executive and „median“ worker.
Companies often include a number of caveats in these filings. At most fast-food companies, the „median“ worker — as determined by pay — is not a full-time worker, meaning that they likely work roughly 20 to 25 hours a week. It is difficult to directly compare fast-food rivals, as many mega-chains are franchised, meaning most in-store workers do not actually work directly for the company and therefore would not be included in calculations.
Further, CEOs typically are compensated in bonuses and stock on top of their base salary. For example, 90% of McDonald’s CEO Steve Easterbrook’s compensation is directly tied to the company’s performance.
All caveats aside, the gap between CEO and the average worker is stark. For every $1 the average Starbucks worker made in 2018, CEO Kevin Johnson made $1,049 — and the gap was even greater at other fast-food industry giants.
Here is how 12 of the biggest names in fast food stack up when it comes to CEO-to-median worker pay.
12. Dunkin‘ Brands (Dunkin‘ Donuts, Baskin Robbins)
Ratio: 48.4 to 1
CEO pay: $5,349,292
Median worker pay: $110,471
Dunkin‘ analyzed the pay of full-time, part-time, and temporary employees as of December 30, 2017 at its corporate offices as well as Dunkin‘ Donuts and Baskin-Robbins chains.
11. Dine Brands (IHOP, Applebee’s)
Ratio: 64 to 1
CEO pay: $7,754,880
Median worker pay: $121,200
As a primarily franchised company, Dine Brands determined the median employee in 2017 based on the salaries of 487 workers in the US.
Ratio: 132 to 1
CEO pay: $2,761,084
Median worker pay: $20,976
In 2017, CEO Charlie Morrison made 132 times the median pay of Wingstop employees.
See the rest of the story at Business Insider
Source: Business insider