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Fast Food CEO Pay Report Highlights Disparity Between Common Worker's Earnings

The news has not been kind to the fast food industry over the past few years. From labor strikes to claims of wage theft, companies like McDonald's and Burger King have taken increasing criticism for treatment of workers and their low wage jobs. Now a new report from New York-based think tank Demos has added fuel to the fire.

In the media
Eric Reed

Why Don't Corporations Care More About Their Image on Economic Fairness?

This week, Apple loudly touted its fealty to environmentalism, rolling out an updated website on what it's doing to be a greener company and playing up its progress in reducing its carbon footprint and removing toxins from its products. This blitz included expensive full-page newspaper ads in places like the Wall Street Journal. 
 
Apple, of course, is just one of many companies that has put a lot of effort into improving its environmental record. Most famously, Walmart has been talking this talk since 2005.
Blog
David Callahan

Pay Inequality Is a Threat to McDonald's Bottom Line

McDonald’s is losing customers.

Blog
Catherine Ruetschlin

Fast Food CEOs Make 1,000 Times More Than Their Typical Workers: Report

David Novak, the CEO of YUM! Brands, which owns Taco Bell and KFC, took home more than $22 million last year after exercising stock options, according to proxy statements. The average full-time fast-food worker, by comparison, would have made about $19,000 on the year. [...]

In the media
Dave Jamieson

PRESS CALL Featuring Comptroller Scott Stringer: New Demos Report Shows Fast-Food With Greatest CEO-to-Worker Pay Disparity in Economy

(New York, NY) – Today, national public policy organization Demos will release a new report examining the latest CEO-to-worker compensation ratios of the largest publicly traded fast food companies and shows that the fast-food industry has the greatest pay disparity in our economy, with ratios exceeding 1,000-to-1. 

Press release/statement

Study: Fast food CEOs paid millions more than workers

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. [...]

In the media
Alison Fox

New Demos Study Reveals Fast-food Industry with Greatest CEO-to-Worker Pay Disparity in Economy

(New York, NY) – As shareholders prepare for annual meetings, Demos released a new study today that finds that the fast-food industry has the greatest CEO-to-worker pay disparity in our economy, with ratios exceeding 1,000-to-1. The study finds that the growing disparity within fast-food threatens economic growth and shareholder investment. 

Press release/statement

Fast-Food CEOs Make 1,000 Times More Than Their Workers

Fast-food restaurants are serving up plenty of food for discussion in the debate over income inequality.

Fast-food chief executives take home $1,000 for every $1 dollar earned by their average workers, making it the most unequal sector within the U.S. economy, according to a new report from public policy group Demos.

In the media
Aimee Picchi

Fast Food CEOs Make The Most Relative To Their Average Employees, Study Shows, More Than In Retail, Media Or Construction

Shantel Walker has been working on and off for Papa John’s pizza since she was in high school. The 32-year-old New York City resident says that over her 15 years at a Brooklyn outlet of the Louisville, Ky.-based pizza chain, she’s received only two raises that weren’t mandated by federal or state minimum wage hikes. Today she makes $8.50 an hour, 50 cents above the New York State minimum wage, but her employer doesn’t currently use her more than 24 hours a week.

In the media
Angelo Young