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In 2023, McDonald's CEO and chairman Chris Kempczinski received a raise and was paid around 1,212 times that of the average employee. He snagged a salary of $19.2 million, including bonuses and stock.
McDonald’s (MCD) will raise hourly wages "by an average of 10 percent" for more than 36,5000 employees at more than 660 U.S. restaurants.
McDonald's will be raising the average wage for employees at company-owned restaurants across the U.S. over the next several months. The fast-food chain is also looking to hire an additional 10,000...
In 2021, Kempczinski's total compensation from McDonald's was $20 million. [27] In 2023, Kempczinski's total compensation from McDonald's was $19.2 million, or 1,212 times the median employee pay at McDonald's for that year. [28]
Ratio of the average compensation of CEOs from the top 350 firms and production workers, 1965–2009. Source: Economic Policy Institute. 2012. Based on data from Wall Street Journal/Mercer, Hay Group 2010. [1] [2] In economics, the wage ratio refers to the ratio of the top salaries in a group (company, city, country, etc.) to the bottom salaries.
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
AP (Reuters) - McDonald's Corp (MCD.N) plans to raise the average pay of about 90,000 U.S. workers to around $10 an hour, but the increase will not benefit workers at the vast majority of the ...
McDonald's is the world's second-largest private employer with 1.7 million employees (behind Walmart with 2.3 million employees), the majority of whom work in the restaurant's franchises. [20] [21] McDonald's has been subject to criticism over the health effects of its products and its participation in various legal cases.
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