Posted on 11/08/2019 3:56:20 PM PST by rickmichaels
Rep. Ilhan Omar ripped McDonald’s on Thursday over its $42 million severance package for outgoing CEO Steve Easterbrook, who resigned last week after engaging in consensual affair with an employee.
McDonald’s disclosed a filing that Easterbrook would receive six months of severance pay as well as stock considerations. The total value of Easterbrook’s severance package is nearly $42 million, according to an analysis by the executive compensation benchmarking firm Equilar.
“McDonald’s former CEO violated company policy and was awarded almost $42 million,” Omar, D-Minn., wrote on Twitter. “Meanwhile, there are hardworking McDonald’s employees who deal with low wages and retaliation for reporting sexual assault. We must and will demand better for the working class.”
(Excerpt) Read more at foxbusiness.com ...
Most CEOs negotiate their severance packages when they are hired. Generally these are time and performance based. Without his leadership, many of those poor kids would not have a job.
Omar might want to understand how the world works.
Omar needs to be ripped over the incompatibility of Islam with the US Constitution.
I can’t wait until she Katie Hills herself.
She might want to but she never will! :)
It would be so much better if government officials decided how much money each person deserved.
After apportioning a just amount of it to themselves, of course.
She has as much say so as my dog does. That said, keep her occupied with this rather than messing up the country.
As long as he doesn’t marry his sister, I’m good with it.
Well at least she pays her lovers handsomely. And using other people’s money, just like publicly traded companies do. So the only questions are 1) how much is the CEO’s lover getting and 2) do we call this a living wage or a loving wage?
Burger flipping jobs were never meant to support a family!
Ah, criticizing and pointing out and obvious ridiculous thing is not saying I want the government to do anything about it. Man, give it a break. The fact so many are so defensive about this means it is RIDICULOUS.
Then there are communist/Islamic traitors like Omar who fooled her voters and is pulling in $165.000 a year plus perks.
No, this is the one that was married to her brother.
Not my circus, not my monkeys.
You may have more information than the rest of us ‘onlookers’ do - but I think that when we communicated previously, we both admitted that we didn’t know enough about this particular situation.
Corporations will find ways to do what is advantageous and - hopefully - legal at the same time, when they’ve been presented with a situation like this.
I don’t personally find a consensual affair between coworkers to be such a big deal; but, again, I don’t live at the great, convoluted, ‘frightened-of-everything-and-especially-of-litigation’ HEIGHTS, as these folks do.
We know very little amount on the details on this event, so lets reserve judgement until we learn more.
In order to get very rich you have to be a risk-taker.
The higher the stakes, the bigger the reward... or failure.
Are you a risk taker?
Ever borrowed a large sum of money to implement a business plan?
Well, unless there are facts - with ramifications beyond what we know - I think more important things might intervene.
I really have no interest in which wealthy stranger whom I’ve never met, is poking another one.
What business is it of Ihan Omar’s or any other government official? It’s none of their business. Fascists and communists both think it’s their business. That’s why they are close together on the Left side of the political spectrum.
Sarcasm
Satire
Irony
(It’s useful to understand the difference :-)
On 1 March 2015, after being chief brand officer of McDonald's and its former head in the UK and northern Europe, he became the CEO of the company, succeeding Don Thompson, who stepped down on 28 January 2015.[9] For 2016, Easterbrook's total compensation almost doubled to $15.4 million.[1]
In November 2019, the McDonald's board of directors voted to remove Easterbrook as CEO, as he had violated corporate policies on personal conduct by entering into a relationship with an employee.[10] He was replaced as CEO by Chris Kempczinski, who had been president of McDonald's USA.[11]
I see no risk taking here. Just a lot of opportunities that most people never get.
Do you think that a Wiki article is going to show all the ‘risks’ that went before the facts of success?
Very few people - who have actually done JOBS - wind up earning that much money unless they’ve done a very GOOD job.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.