Tuesday, March 13th, 2007
McD’s hands out more than $15 million in bonuses to three top execs
From the CIW:
Clearly not overly concerned about appearances, McDonald’s announced in February the payment of over $15 million dollars in bonuses — above and beyond baseline compensation — to CEO Jim Skinner and two other top executives. Meanwhile, McDonald’s continues to claim that the company can’t afford to pay farmworkers one penny more per pound for the tomatoes they pick for the burger giant.
You can read the story, “McDonald’s CEO gets $8.8 million bonus,” at: http://www.chicagotribune.com/business/chi-070222mcbonus,0,1879773.story?coll=chi-business-hed
The announcement comes just weeks before farmworkers from Immokalee, who pick tomatoes at a per bucket piece rate that hasn’t raised significantly in nearly 30 years, and thousands of their supporters will be gathering in Chicago to demand that McDonald’s follow Taco Bell’s lead, work with the CIW to improve farm labor conditions, and pay a penny more per pound to help nearly double farmworkers’ wages when picking for McDonald’s.
The $15 million in bonuses, paid to three people, would easily cover 30 years of the penny per pound payout, to thousands of people.
Stay tuned for more news as the 2007 Truth Tour approaches, and be sure to check out the CIW website, http://www.ciw-online.org , for how you can join us in Chicago this April!
– thanks –
Coalition of Immokalee Workers