I think it's interesting how you, Dick Adams, always talk about the value of Don Thompson's shares and his sale of stock, but refuse to post discussion on his salary. Selective indignation?
This website is hosted in a manner where I can’t go backand look at the comments I’ve rejected but I know it has notbeen a large number. I only reject those that are profane,possibly slanderous, off topic,or unintelligent.I recall a comment or two that featured the liberal (union thug) complaint that there was some relationship betweena CEO’s pay and the pay rateof the people working in the restaurants. That’s not an intelligent comment and would be rejected. Nor was there a relationship between my profits as a McDonald’s franchisee and theminimum wage worker we’d justhired to sweep the dining room floor.In my humble opinion, if a CEOor corporate executives are successful and make a lot of money for their shareholders (and franchisees) they deservea substantial reward. If they fail and sales and profit in the wrong direction they should be paid very little andsoon be shown the door.As hard as they work the entry level person flippingburgers had nothing to do with that success or failure.
If someone wants to discuss CEO pay start the discussion right here! If it's interesting and intelligent I'll post it and even feature it on our front page.
MCD CEO compensation is no one's business. What impacts the stores is not so much the CEO compensation as it is the CEO's policies and day to day decisions. Compensation is between the Board of Directors and the CEO. Be it is too high or too low is meaningless. In a public company it is public knowledge and shareholders and others will have an opinion that matters very little. Many times the region will indicate to an operator that he is taking too much money from the stores but as a factual matter it is none of their business. They will attempt to tie that opinion to operations justified or not. Reducing MCD CEO compensation will not increase operator compensation one cent. So, why be concerned about it?
Post a Comment