Newsflash:
Lesli Messinger Economic and Social Justice McDonald's: Low-Paid Workers, High-Flying Execs
Thursday, 21 November 2013 13:44

McDonald's: Low-Paid Workers, High-Flying Execs

Written by  Jim Hightower | Creators.com
McDonald's: Low-Paid Workers, High-Flying Execs GenBug/ cc/ Flickr

He was CEO of the hamburger behemoth, McDonald's, pulling down a hefty $8.8 million in pay. Last year, though, Skinner retired, and, rather than getting a gold watch, he was given a load of gold — so large that even a Brink's armored truck would have been too small to haul it all away. His salary of $753,000 was the least of it.

The Big Mac chain also served up $1.7 million to the chief in stock and $3 million in option awards. Then it slathered on another $10.2 million in retirement pay. All that was topped by a super-rich dessert: $11.6 million in "incentive pay."

What? Why does a guy with millions already on his food tray need any incentive to do his job? Maybe because Skinner found it hard to stomach the biggest part of his job, which was to pay poverty wages to McDonald's workers, shove thousands of them onto food stamps and other programs paid for by taxpayers, and lobby aggressively to prevent any increases in the minimum wage or any tax hikes on uber-rich elites like him.

It's dirty work, but Skinner did it, finally skipping away with a 2012 pay package totaling $27.7 million. Yet, in the phantasmagoric plutocracy of CorporateLand, too much is not enough. Last year, for the first time ever, the 10 highest-paid CEOs in America hauled in at least $100 million each, even as the great majority of workaday families have lost income.

This gaping (and ever-widening) inequality is the greatest threat to our society's cohesion. Too few people now control an unconscionable and untenable share of America's money and power, using it to grab more of both for themselves. They can build a $100-million wall, but it won't be high enough to hide their greed from the rest of us.

But there's an added dimension to this inequality that you might find especially interesting: Not only are low-wage corporations overly generous to their top dogs, but so are you and I.

For example, I'm sure you'll be as delighted as I am to know that we — all of us taxpayers together — contribute day-in and day-out to the very big global cause of Supersizing McDonald's.

The world's largest hamburger chain is a particularly needy charity case, because without your and my generous tax support, the Big Mac bosses in charge would have to pay a living wage to their 860,000-plus American workers. But, thanks to us, the $27 billion-a-year hamburger-flipping flim flammers can get away with paying poverty wages — and then send their workforce to get food stamps, Medicaid, child welfare payments, public housing and other tax-funded poverty benefits. This public subsidy of the Golden Arches adds up to a very golden $1.2 billion a year. What a creative business plan! Who says giant corporations aren't enterprising?

Well, sniff the chain's top executives; we operate on razor-thin profit margins, so we can't afford to throw money at workers. Really? Last year's $5.6 billion in profits doesn't sound thin to me. Also, note that McDonald's more than tripled the pay of its new CEO last year, elevating him from $4.1 million to $13.8 million.

But what really galls its workers (whose low wages and forced part-time schedules mean they average less than $12,000 a year) is that the taxpayer-subsidized profiteer laid out a fat $35 million in October to add a brand new executive jet to its corporate fleet. This one is a "Bombardier 605" with the full package of luxurious amenities, and it cost $2,500 an hour to fly it.

Just flying one hour on the Bombardier cost more than the combined hourly wages of more than 300 McDonald's workers. Remember, you're subsidizing this. Aren't you just "Lovin' it," as the chain's ad slogan puts it? To tell McDonald's CEO that this is immoral, go to OurFuture.org.

Link to original article from Creators.com

Read 5307 times

Latest News from the Messinger Campaign

  • Savannah's Lesli Messinger gives Democrats best chance to beat Jack Kingston
    Savannah's Lesli Messinger gives Democrats best chance to beat Jack Kingston

    On Saturday, October 20, First Congressional District candidate Lesli Messinger visited Pin Point, Georgia and talked with locals about her candidacy and to listen to what issues those citizens believe are important.

    Messinger has traveled through her congressional district for months since her qualifying back in late May and has touted a strong progressive message and has been able to build grassroots coalitions.

    Written on Sunday, 21 October 2012 16:18 Read more...
  • Messinger Wins Race to Face Kingston
    Messinger Wins Race to Face Kingston

    Progressive Democrats say Congrats to U.S. Congressional GA District 1 Primary Winner Lesli Messinger. Lesli Messinger has claimed the Democratic nomination for Georgia’s 1st Congressional District Tuesday beating Nathan Russo in the Democratic Primary.  Unofficial results showed Messinger with 54 percent of the vote to 46 percent for Russo with 97 percent of the precincts reporting.

    Written on Wednesday, 01 August 2012 15:55 Read more...
  • Georgia’s Only Democratic Woman Candidate for Congress
    Georgia’s Only Democratic Woman Candidate for Congress

    Democrat Lesli Messinger seeks to end 20 years of Republican domination in coastal Georgia.  It’s a particularly difficult challenge to unseat an incumbent, and harder still for a Democrat in a Congressional District that’s been Republican-ruled for 20 years.

    Written on Friday, 27 July 2012 02:52 Read more...
  • Mickey Stephens backs Lesli Messinger for Congress
    Mickey Stephens backs Lesli Messinger for Congress

    State Rep. Mickey Stephens, D-Savannah, has endorsed Lesli Messinger for the Democratic nomination in the 1st Congressional District.

    Messinger, a Savannah businesswoman, is running against Nathan Russo, a retired St. Simons businessman, in Tuesday’s primary.

    The winner will face Republican incumbent Jack Kingston, who is seeking a 10th term.  Last year’s boundary changes left the district with a GOP tilt, but less pronounced than in the past.

    The endorsement apparently is intended to buttress Messinger’s claim to be a stauncher Democrat than Russo and a loyal supporter of  President Barack Obama.

    Russo has argued that, to beat Kingston in the district, a Democrat must make a strong appeal to many independents and at least some Republicans.

    Stephens prefaces his statement by saying he’s “a lifelong member of the Democratic Party for over 30 years.”  

    “Not only does Mrs. Messinger have fresh new ideas that I feel truly represent the people of our district, and the state of Georgia,” he said. “She is a proud supporter of President Obama’s policies. I know Messinger will stand with President Obama in Congress, on a true Democratic front with other members of Congress.”

    Written on Thursday, 26 July 2012 00:00
  • U.S. House District 1: Lesli Messinger says she speaks for middle class
    U.S. House District 1: Lesli Messinger says she speaks for middle class

    Lesli Messinger moved to Skidaway Island four years ago, she says, to escape the “dark and dreary” environs of New Jersey. But Messinger says she found darkness and dreariness near the tranquil community where she and her husband, Nathan, relocated. She says she met women who couldn’t afford cookies for their grandchildren and people whose jobless benefits were expiring.

    Written on Tuesday, 24 July 2012 00:00 Read more...

ERA Legislation in your State

Unratified states Gold - Ratified States Purple

Sign the ERA Petition

ERADemandButton

On Friday, September 12th more than 150 activists will go to DC and Demand that their Senators and Representatives support removing the ratification deadline from the ERA (SJ Res 15 and HJ Res 113)

Button-SignERAPetition

Sign the Petition - Sen. Sanders Run as a Democrat in 2016

Button-SandersPetition

Like Lesli Messinger

Lori Wallach on the TPP from PDA Progressive Roundtable

Progressive Roundtable with Reps. Ellison and Pocan and Lori Wallach on TPP

TPP: The Biggest Threat to the Internet You've Probably Never Heard Of