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Shareholder Activists Target McDonald's CEO Pay in Bid for Higher Worker Wages

The Guardian

Shareholder activists on Monday called for the board of McDonald’s to cut the wage of chief executive Donald Thomson, citing poor performance and the massive gap between his wages and the average fast-food worker. The fast-food giant holds its annual meeting on 22 May and will be targeted by protesters calling for a higher wages for workers as well as shareholders disappointed with the company’s financial performance and Thomson’s remuneration. Change to Win (CtW) Investment Group is organising a vote against Thomson, who took over as CEO in 2012.

In a letter to shareholders due to be filed with the Securities and Exchange Commission on Monday, CTW wrote: “As you are no doubt aware, McDonald’s financial and operational performance has been disappointing for several years: its share price has trailed the S&P500 over each of the past 5-, 3-, and 1-year periods, by 45%, 20%, and 20% respectively.”