depotoo
Diamond Member
- Sep 9, 2012
- 40,718
- 13,425
Envious, are you? You don’t like what their corporate pays their people, then don’t eat there. McDonald's operates 36,899 restaurants worldwide, employing more than 375,000 people as of the end of 2016. So, do remember the head of the company, overseeing all these franchises, making sure they are run properly so they can continue to be successful is more than a 40 hour work week, with the lives of many in their hands. Keeping that running smoothly is not like flipping a burger. And for the most part, there is no job stability. The average length of time a ceo is with a company, is between 2 and 3 years. They answer to a Board that can vote them out in a nano second. And they do. Stock drops for any reason, even if the economy overall is sliding? Out you go. There is a scandal at the lower levels? Out you go. Matters not your involvement, you as head are responsible for the actions of those under you, even if unaware, as you should have been. It is your head. Try keeping track of everything other managers with a company of over 300,000 employees, do at any second. If they have a family, their lives suffer from lack of stability, as well. They have to be saints to stay with their spouse that is having to work around the clock, seeing to problems that crop up. They are rarely home.
McDonalds has had 2 ceo’s since late 2012. And once out, try finding another job in that capacity quickly. It doesn’t happen and can take years.
You have no idea the amount of stress they deal with 24/7, not just 40 hours a week.
Now, are you so envious?
McDonalds has had 2 ceo’s since late 2012. And once out, try finding another job in that capacity quickly. It doesn’t happen and can take years.
You have no idea the amount of stress they deal with 24/7, not just 40 hours a week.
Now, are you so envious?
Well, if you don't pay your executive those wages, your competitor will. You can find a floor sweeper or shelf stocker anywhere.
Actually, given that these executives get t heir 8 figure salaries, even if the company is going under, that doesn't impress me.
So let's look at the Fox watching the McDonald's Henhouse.
McDonald's CEO gets 368% pay raise
The fast food chain’s chief executive, Steve Easterbrook, brought home a whopping $7.91 million last year — a 368% raise over his 2014 salary of $1.69 million —while low-wage McDonald’s workers are striking around the country for a livable income.
Wow? Really? so McDonald's must be doing pretty awesome if that's the case.
Errr... No.
The Continuing Decline of McDonald’s : The Corbett Report
Long-time Corbett Reporteers might recall my 2015 video, “Celebrate! McDonald’s is Dying!” where I detailed the many, many woes the fast “food” giant was dealing with at the time, including:
Since then, McCancer’s has been undergoing a sweeping “restructuring” that has seen many layers of lipstick slapped on their factory-farmed pig. This restructuring includes not only cosmetic changes (“All-day breakfasts and new value menus for everyone!”) but behind-the-scenes efforts to trim $500 million from the company’s operating expenses, including buyouts and layoffs at company headquarters and the re-franchising of 4,000 corporate “restaurants.”
- The first quarterly loss in the firm’s 38 years as a publicly traded company ($343.8 million).
- Its first full-year loss ($186 million) in Japan in 11 years.
- A 58 cent per share drop on the back of a global comparable sales drop of 3.3%.
Not to worry, though. Those McDonald's employees can always collect government benefits that Ray(cist) from Cleveland will whine about them getting.