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Study: Fast food CEOs paid millions more than workers

AM New York

Fast food CEOs were paid more than 1,200 times the average fast food worker in 2012, according to a new study released Tuesday by Demos, a public policy group.

On a conference call to discuss the report New York City Comptroller Scott Stringer said such a wide income disparity could affect the city's pension fund, which holds millions of shares in several fast food companies. And it could trickle down to affect every day New Yorkers, he said. [...]

Last year the ratio of CEO-to-worker compensation remained at 1,000 to one, according to the report, which analyzed results nationwide. The average fast food CEO earned about $23.8 million in 2013, according to the report titled "Fast Food Failure: How CEO-to-Worker Pay Disparity Undermines the Industry and the Overall Economy."