Low Wage, Health Activists Prepare McDonald's Attack

May 19, 2014 | | CNN Money |

Activists want to put the brakes on CEO Don Thompson's multimillion dollar pay package. Health advocates are petitioning LeBron James to stop peddling McDonald's junk food to kids. 

And, hundreds of fast-food workers are expected to protest for higher wages, starting a day before the meeting. All of this is happening as McDonald's is fighting a slump in sales. [...]

Also presenting at the meeting will be CtW Investment Group, a shareholder group representing 5 million union pension holders. The group is asking McDonald's shareholders to vote against the CEO's pay package, which totaled $9.5 million in 2013.

CEOs at fast food companies earn 1,000 times what the average industry's worker earns, according to a recent report from public advocacy group Demos. The report found that fast food industry pay is one of the most unequal in the American economy.

The average hourly wage of fast food employees is $9.09, or less than $19,000 per year for a full time worker. The poverty level of a family of four in the U.S. is $23,850.

Read the report: Fast Food Failure: How CEO-to-Worker Pay Disparity Undermines the Industry and the Overall Economy