Categories: BusinessU.S. News

McDonald’s investors back executive pay plan despite protests

McDonald’s investors have backed an executive pay plan at the company’s annual meeting despite protests.

Nearly 94% of shareholders voted in favor of the plan, which determines chief executive Don Thompson’s pay as well as a formula for paying top management.

McDonald’s investors have backed an executive pay plan at the company’s annual meeting despite protests

Last year, Don Thompson was paid a total of $9.5 million.

The vote came a day after more than 100 demonstrators seeking better pay for McDonald’s workers were arrested.

Addressing the protests, Don Thompson reportedly told investors at the meeting: “We respect the fact that they want to challenge us relative to wages.

“We pay fair and competitive wages and we provide opportunity, and we provide job opportunities and training for those entering the workforce.”

In addition to protests by workers and labor organizers, who are demanding the chain raise the minimum wage paid to workers to $15 from the US federal minimum of $7.25, McDonald’s has seen falling sales in the US.

McDonald’s has also been hit by the increasing cost of beef, and criticism from public health experts over its advertising.

EyS4EIueY9o
Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

Spain: At Least 158 Killed In The Country’s Worst Flooding Disaster

At least 158 people have died in Spain's worst flooding disaster in generations. On October…

2 days ago

Russia Fines Google $20,000,000,000,000,000,000,000,000,000,000,000, Surpassing Global GDP

Google has been fined two undecillion (a two followed by 36 zeroes) roubles by a…

2 days ago

Financing Your Home Remodel: 7 Tips for Success

Embarking on a home remodel is an exciting journey, promising enhanced comfort, increased property value,…

2 weeks ago

Donald Trump Serves Up McDonald’s Fries While Kamala Harris Celebrates 60th Birthday with Church Choir

The US presidential candidates continued to campaign across key swing states on October 20. Footage…

2 weeks ago

America PAC: Elon Musk Promises to Award $1M Each Day to Swing States Voters

Elon Musk has said he will give away $1 million a day to a registered…

2 weeks ago

Canada Expels 6 Indian Diplomats Amid Khalistan Row

India and Canada have decided to expel their top envoys along with other diplomats as…

3 weeks ago