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 ...
$42M and he can’t rap or shoot hoops!(/s)
“Burger flipping jobs were never meant to support a family!”
They were supposed to support high school students.
First questions:
Why do you care how much CEO's make? What bearing does it have on you.
Next:
How big was McDonalds in 1950?
How big was Walmart
How big was Amazon?
Lets look at the Fortune 500 companies of today
and compare them to the Fortune 500 of 1950.
Oh wait...Fortune didn't do the top 500 until 1955.
The Fortune 500, created by Edgar P. Smith, was first published in 1955.[2] The original top ten companies were General Motors, Jersey Standard, U.S. Steel, General Electric, Esmark, Chrysler, Armour, Gulf Oil, Mobil and DuPont.[5] (per Wikipedia)
Let's compare apples to apples.
Let's compare the wages and skills of an auto worker to that of McDonalds employee.
Let's compare the pay of a CEO of 1,000 employee company to that of a 350,000 employee company.
How big (employee wise) were these top 10 companies in 1950 vs the top ten today?
What were the sales numbers in 1950 vs today?
What were the profit margins in 1950 vs today?HUGE difference.
Walmart has 2.2 million employees worldwide.
Between full time and part time employees, averaging 25 hours a week per employee, times 52 weeks a year,
that equals 2.86 BILLION man hours worked per year.
Walmarts CEO made $23.6 million.
That's LESS THAN 1 cent per total man hour worked.
In other words,
It has no bearing on employees pay.
A clear case of “pot/kettle.”
Why do you care that I care?
“And the money he got was apparently the result of his original contract.”
Well, considering the way the rich are treating Trump (and us by extension), I wouldn’t mind see them get cleaned out by our government, although I definitely want Trump to be doing the cleaning.
They can SHOVE IT, as far as I’m concerned. I’m tired of carrying their water, just to be treated like dog crap by them. Not to mention what their Globalist agenda is doing to the country.
Yeah well...I know you are, but what am I.
Sheesh.
Based on what?
Your envy is making you stupid.
So if the Muzzie Witch Ilhan comes out pro life should I become pro choice?
Link here: CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law
It's a pay site so I originally didn't post he link.
I’d suggest an AA meeting near you.
Its way too early to be drunk.
What does your penis envy
have to do with Omar, on being pro choice or pro life?
I don’t know if the writer has envy, but you seem obsessed with what others are paid.
There’s no ‘logic’ in your post at all.
You’re the one who is making an expedient decision on the part of a corporation ‘political’.
Others might object to,
Representatives’ Salary
The salary for most members of the U.S. House of Representatives is $174,000 per year, according to the Congressional Research Service. This annual wage is the same for members of both the House of Representatives and the Senate. Salaries are higher for those in leadership roles. In particular, the Speaker of the House receives $223,500 per year, and the majority and minority leaders of the House each earn $193,400 per year.
Health Benefits
Members of the U.S. House of Representatives must purchase health care from the Affordable Care Act health insurance exchange. They have a choice of 57 gold plans from four insurers, and the government pays approximately 75 percent of the premium. The representatives pay the remainder, but they are not eligible for federal tax credits that decrease the amount paid.
Life Insurance and Retirement Benefits
Members of the U.S. House of Representatives can acquire life insurance through the Federal Employees Group Life Insurance Program, the amount of cover for which is determined by a formula based on the cover chosen. Representatives also can acquire three forms of optional coverage. In addition, House members have access to retirement programs through the Federal Employees Retirement System. These include the Basic Benefit Plan, which leads to monthly annuities payments upon retirement, and the Thrift Savings Plan, which is an investment account similar to 401(k) plan. Participants contribute to both plans and receive contributions from the federal government. Members also participate in the Social Security system. - https://work.chron.com/us-house-representatives-salary-8425.html
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