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.
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.
EyS4EIueY9oImage source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…
Millions of voters across the US chose to return Donald Trump to the White House…
Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…
Stocks around the world are rising as Donald Trump appears to be on the cusp…
Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…
Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…