McDonalds as a company earned $94billion dollars for the year of 2013.
The CEO of McDonalds earns $7.91 million dollars a year.
McDonalds employs 1.9 million people, 1.5million work at restaurants.
do some rough math and factor in some other shit and you're looking at most $70billion spent by McDonalds to afford paying their employees as well as purchasing and distributing food products and building new restaurants and upkeeping old.
So the question comes down to why CEO's and Executives make more than 500k a year? What are these expenses affording? For 500k a year, you can travel anywhere in the world daily and stay in any 5star hotel for any number of business meetings- yet even these would probably be afforded as business expenses and covered if not reimbursed. So what is 500k+ doing for these people aside from affording them extravagant lives for what amounts to roughly the same work as a manager of a single restaurant? The company has in excess $20 billion dollars of pure profit annually, which is enough to fund another half-year's pay for every employee should every single person on earth stop buying mcdonalds products forever.
Why isn't that excess revenue paid to the employees? Why does the value of the company increase, but the value of the employees doesn't? Why is it okay for CEO Shitlord to earn 7 million dollars a year when he probably has more off-time than the collective employees of a single restaurant? McDonalds could launch 8 rockets to the moon every year with their profits and still have enough left over to raise every employee's wage by $1.28 an hour per year, or increased by $5.12 an hour per year while keeping $4 billion left over as pure-profit in muh rainy day fund - ALL without inflation.
Do you know what stocks are? do you understand the basics of capitalism at a more advanced level. that might help you understand.
Carson Baker
>So the question comes down to why CEO's and Executives make more than 500k a year? because if minimum wage tard like you was in charge, the company would go under in less than a year
Charles Carter
Please, you retards. Try to think.
Benjamin Sullivan
you didn't answer my question friendo. what do you think a ceo's job is? :^)
Matthew Nguyen
Fucking retard learn to read an SEC filing. They made 4.5 billion in profit not 20
Levi Scott
Sitting in meetings all day getting pressure from shareholders.
Jordan Davis
You didn't read the original post in entirety so fuck you my fellow burger.
Austin Morris
Solution don't work for them
Bentley Morgan
>So the question comes down to why CEO's and Executives make more than 500k a year?
The question comes down to why don't you go over there and offer to do the job for that much?
Gavin Nguyen
>Why isn't that excess revenue paid to the employees? so the company doesnt go bankrupt if there is a law suit. so they dont have to fire any one if there is a slight dip in the profit margin
also its a company they dont have to pay any one more than minimum wage. if you dont like it GTFO
David Lee
>muh drone serf jobs It's not like they do anything to earn extra money, they just complain and continue to do a lousy job.
Carson Perry
Who's going to invest their money in a ultra-cap with a declining market share who pays no dividends?
Bentley Harris
lets give ceo the salary of 0 dollars
mcdonalds employs 1.5 million people
great, you have given each employee additional 4 bucks a year
Leo Davis
>The CEO of McDonalds earns $7.91 million dollars a year. >McDonalds employs 1.9 million people, 1.5million work at restaurants. If there was a person with the skills to run the company and was willing to do so for less pay he would be doing the job. I don't know why people think that company shareholders enjoy paying millions to CEO's unless their skills were worth the money.
>do some rough math and factor in some other shit and you're looking at most $70billion spent by McDonalds In other words pull shit out your ass.
>The company has in excess $20 billion dollars of pure profit annually, Source? According to the Wall Street Journal McD had profits of 1.1B for Q1 2016, and that was higher than expected. Meaning annual profits between 4 and 5B wsj.com/articles/mcdonalds-profit-climbs-above-expectations-1461327646
Adam Turner
Because it's their money and they can do what they want with it.
David Myers
I'll break this down for you quite easilly. A burger flipper fucks up how much money is lost on that order few dollars. A ceo fucks up they lose millions and it can literally happen in seconds. You need to understand the salary difference is because of the differential in the weight of responsibility.
Thomas Sullivan
OP if you don't like it, simply become wealthy yourself, get on the board of directors, and reduce CEO pay. You have that power as a shareholder and member of the board of directors.
There's actually research that CEOs that are paid more are worse than cheaper CEOs. Do some research.
Jeremiah Cook
You're mis-framing the entire argument. It isn't your money to argue about.
Consider if you took your saved up money and opened a business (which, let's be realistic, an idealogue millennial shitfuck like you would never assume risk), would you not feel entitled to the profitability of that endeavor?
The CEO and anyone in an ownership or leadership position is entitled to the money because they're the ones making impactful, consequential decisions regarding the organization, and who assume risk on behalf of the organization.
Apes at the counter pressing the red button every 4 minutes are worth literally nothing. They are literally worth what they can be replaced for, and should feel blessed that society has mandated they have a minimum value, because their ACTUAL wealth creation value is less than 0.1 cent/hour.
You think every dollar in everyone's pocket is a plaything for lawmakers and the 'collective good', you're a dumbfuck with no aspiration and who has never had to legitimately create or inspire wealth in their life.
You are cancer.
Charles Phillips
I'll take "skilled labor" for $1000
Truth be told, $500k is staying money. They could pay him $100k and invest the rest in automated cashiers and net more money, but this particular executive would quickly leave and work at burger king who would be willing to pay him 500K. As for tyrone, who's job is clicking pictures of the items desired and distributing change, if he decides to leave, kiesha will gladly take his place for 7.50/hour.
If either of them had applicable skills that would create value for their employer, or skills that were in demand they might just be able to barter a higher wage.
Lucas Barnes
>why pay CEO so much? Because if your company sets a cap of 500k and my company has no cap the result will be your company will have no chance of attracting the best candidates. They will come to my company and earn more money.
You can't really cap the maximum price of anything because someone will always decide that they want it more and will be willing to pay more than the cap. When I drove a taxi I would get the occasional customer who was willing to pay 10x the actual price because they needed the cab right now, even though I had another appointment. I would cancel my other appointment to serve them. I'm not going to fuck myself out of that money by denying their offer, and no CEO is going to fuck himself out of $7M from McD's to go work for Shlomo's House of Matzo.
Also, you have absolutely no idea how demanding it is to be CEO of a company like McD's. Millions of jobs in dozens of countries are riding on your ability to balance profit, sustainability, stock holder relations, government regulations imposed by dozens of different governments, legal obligations, charitable obligations, and more.
Sebastian Wood
So the employees can earn five dollars more per year? Fuck off, retard. All economic inequality in modern America has one source: retard consumers. People get what they deserve.
Josiah Sullivan
but that's NOT FAIR!
Joseph Richardson
Do it yourself if it's so easy. Wait, that's right. you have to have build the right network and work your way up the ladder. You couldn't possibly take the position because you haven't even proven that you're worthy of it.
Elijah Howard
This. Even your best Burgerflippers are replaceable. A mediocre CEO is not.
Cant wait till every $15per/hr faggot is replaced by a machine.
Dylan Gray
It's capitalism man, not that complicated. There are people willing to do the job for X pay, therefore it is worth paying them X. As far as why the CEO earns so much... because he set himself up to earn a shit load of money. And if you think 500k a year is "more than enough" that's fantastic for you, but not everyone feels that way.
Anthony Carter
Actually I would say the problem is the divorce between OWNERS and MANAGERS.
Investment funds MANAGE money in anti-social ways, even though it's not their money. It's pension funds and other such organizations. OWNERS suffer the consequences of that anti-social investment, even though it's their own money!
Wealth management funds need to be severely reduced in capitalization. As it stands they're destroying western society because Jews are the ones calling the shots with other peoples' money.
Luis Clark
To add on Failures of CEOs >>> successful CEOs earning 500k/ years They were removed and never heard from again... except one who still wanted to run for president
Daniel Edwards
Must. Have. Big Mac.
Austin Watson
A manager of a single restaurant is responsible for the livlihood of a dozen people at most. If he fucks up and the place shuts down, people are out of a job until someone else buys the building and opens a shop. If the CEO of McDonald's fucks up, stores all across the planet will shut down and potentially put billions out of work at the same exact time. That will damage a multitude of families and communities. That's not even considering what effect the sudden enormous loss of taxpayers would have on government.
Look at actuary science. Having to be responsible for that much money is a very stressful job, and is very deserving of higher than necessary income.
Caleb Diaz
5 dollars per hour, per year. Not $5 more over the course of a year. I.E. 2016: $10/hr minimum 2017: $15/hr minimum 2018: $20/hr minimum assuming continuous growth. Should growth cap or rescind, pay should as well. As it stands the company can fluctuate +/-$20Billion over a few years meanwhile nigress cashier has made only made a larger wage by a dollar.
Average of all mcdonalds restaurant profits are $2.6 million of sales per store per year. Multiply by how many restaurants there are gets you amount of sales by mcdonalds: 96 billion. subtract operating costs, subtract tax. 20.
Connor Campbell
>Why isn't that excess revenue paid to the employees? Why does the value of the company increase, but the value of the employees doesn't? Why is it okay for CEO Shitlord to earn 7 million dollars a year when he probably has more off-time than the collective employees of a single restaurant? McDonalds could launch 8 rockets to the moon every year with their profits and still have enough left over to raise every employee's wage by $1.28 an hour per year, or increased by $5.12 an hour per year while keeping $4 billion left over as pure-profit in muh rainy day fund - ALL without inflation.
Why are there checks and balances?
Nicholas Turner
The value of a CEO is extremely more paramount than a burger flipper. Someone needs to reread up on their value theory in economics.
Average CEO of multinational corporations have a masters degree
Have at least 25 years experience in the field.
Average burger flipper.
Not even a high school diploma is required and no experience is required.
Ryder Ortiz
A typical McDonalds employee in a white area is a high school or college kid just starting out in the work force. It's not their career. The typical McDonalds employee in an urban area is black or hispanic, has little or no skills, very little education speaks poor English and will never amount to anything. They don't deserve any more money. They are the slave class of this society and it is right that they stay on the bottom.
Eli Stewart
>Still no source
>Using made up numbers
Jackson Butler
You're dramatically overestimating the intelligence of CEO's and executives, as well as their efforts.
Landon Wilson
I think you need to try that math agian. I honestly hope this is just a bait ruse, because I don't know if I can deal with someone being this retarded
John Clark
do the math yourself.
Jose Perry
Leonardo di Caprio and Sandra Bullock got 70 million for one role in a movie. Also Hillary regulary got several hundred thousands for a single speach.
Sebastian Williams
Nigga, read the fucking income statement it tells you they made 5 billion profit in 2013.
Put the nigger math away
Robert Rogers
Additionally, employees don't own the company. Shareholders do. They get the profits.
Deal with it, college libs.
Blake Lewis
over 70% of restaurant mcdonalds employees in the US are over the age of 20.
>McDonald's shareholders are willing to pay their CEO millions even though the job takes little skill and effort.
>still no source for any of the "figures" you claim
Lucas Brooks
Tell that to the counter staff that have to worry about getting robbed and shot or having crazy chimps come over the counter after them. The CEO doesn't know what stress is. Pay the workers more money.
Luis Gutierrez
>Why are people that own multibillion dollar company get paid so much? >Why are the people that pay to maintain millions of locations, handle lawsuits, pay for marketing, and pay their employees paid so much money? Are you retarded?
Charles Johnson
>If there was a person with the skills to run the company and was willing to do so for less pay he would be doing the job. I don't know why people think that company shareholders enjoy paying millions to CEO's unless their skills were worth the money.
I'm not defending the Communist fag who started this thread, but there is actually a problem related to this. Many executive officers for corporations serve as directors on the boards of other corporations. You tend to end up in situations where one guy is authorizing the salary of another guy who just authorized the first guy's salary.
As far as shareholders being able to watch such things, keep in mind that the single largest shareholders of many public corporations are mutual funds. The managers don't get paid to exercise control over the companies they own.
Ian Cooper
Dont you get it? If the wage is completely disconnected from the labor. Then why do YOU care about the labor as if it should be connected to the wage?
Aside from the fact that you are forgetting the role of risk in establishing a business and making it successful. And the responsibility of leadership.
You also assume that its a zero sum game. (If the ceo makes plenty that means there is less for you.)
The reality is that it is not a zero sum game, if it were, labor and wealth netted would be directly proportional and then such a disparity would be unfair. It is a Win Win cooperation game that requires you to have some ambition or desire to win. When to capitalists cooperate both succeed. The laborer learns the trade from the capitalist and obtains skills useful for the capitalist until he or she amasses enough wealth to start their own business and begin competing.
Also, wages are controlled by market supply and demand. The less jobs and more people, the lower the wages.
Since what a CEO makes has no connection to your own wage (except to motivate you towards ambitiousness). Then what you are really upset about is a low job economy that is mostly caused by restrictions in government and bad trade deals.
IF you want better wages, restrict immigration, and get out of all those shitty trade deals.
Being jealous of people who make money is how losers think. Aspire for greatness and make the money yourself and you will get out of this childish dreaming.
Lincoln Cooper
The question is: why does it matter? Because thoe people are not having as good a life as the CEO, maybe? Why not? Do any of them prioritize the same way the CEO does? If so, why do they not apply to the same job? Theoretically, anyone has the chance to study for this job and apply. Capitalism isn't inherently wrong. It has problems that will appear in any economic system, because the pieces (humans) are the same.
Brandon King
/thread
Bentley Smith
FUCKING LEARN MATHEMATICS YOU VIRTUE SIGNALLING RETARD >2 million employees >CEO makes $8 million Divide up that CEO's salary to all those workers and guess how much of an hourly wage increase those replaceable pieces of shit would get?
$4 per year. $.002 per hour.
Jaxson Evans
>why does the man in charge of millions of stores get more than some nigger who can barely serve a hamburger
Verily maketh thou wonder
Jason Reyes
because burger flippers are replaceable while a CEO with connections is not
Wyatt Brooks
To put it another way. There is scarcity in any system but innovation reduces scarcity or increases efficiency. When you expand a business (even building houses) you are moving onto new territory, using new resources or using old resources more efficiently or increasing demand (beckoning more supply).
This is not a finite system. Its constantly growing. so your "wage' is not defined by your superiors wage. Its defined by what you produce and the goods produced.
Make your own company and the entire economy gets richer by the goods you produce. An economy is only as strong as the amount of goods and services it offers.
This ensures a disconnect between what you make and what the CEO makes. Since the money stacks are separate and only related to the production of goods and laborers produce NOTHING (companies do). The laborers are only entitled to as much as the company gives (which must be something as people do not work for free).
The game is rigged against laborers and in return, they get the safety of a steady income. Unions work only when there is a high skill force and labor markets can be restricted.
Steady income is impossible in a variable economy when you think of products. So a company MUST make more off of you than it stands to lose in a bad quarter. Otherwise the business goes under (or your wage gets cut or people fired).
Its a very rational system. If you want to win, just stop thinking like a loser.
Instead of complaining about the rigg
Hunter Rivera
Has anyone noticed how I tripped like 10 niggers in this thread by postulating "So the question is" regarding why a CEO gets paid more, while they also ignore how the profit revenue of the company mentioned at the end can more than afford to pay every single restaurant employee just a little more to keep them from killing themselves or (worse yet) needing government subsidizing?
even if it were just 4 billion in profits - which it isnt actually that low - but even it it were, that still could be distributed as a wage increase for every restaurant worker of $1.28 per an hour, per year, or the minimum pay of any entry level McD job increasing by $1.00/hr flat every year while still having $800 million in company profits - again, which is not part of operating costs.
Aiden Robinson
stupid goys, stop asking questions and eat our processed meat!
Gabriel Cox
mcdonalds is a chain you fucking retard
and you can't replace a CEO in a day, you can replace a burger flipper in a day
Jace Morgan
You seem to be under the impression that a corporation's profit just sits in a giant piggy bank somewhere.
Parker Lopez
Maybe the workers should be productive enough to justify the extra expenditure.
John Cook
>theoretically Too bad nepotism exists and it doesn't matter how good you are if you don't know the right people.
Hunter Smith
They wouldn't have had the investments if they didn't pay money back to the shareholders.
The shareholders need to ensure that the position of CEO is both one of prestige and well paid, to make it worth a lot to whoever holds it, therefore making sure they run the company in the correct way
Josiah Wright
>even if it were just 4 billion in profits - which it isnt actually that low
You don't have to be a CPA to understand it. And also if they move that all to workers wages the company wouldn't grow at all. The CEO only actually makes 530k salary. Learn what shares and Dividends are.
Luke Perry
You do realize that most of the companies you are talking about are public companies and owe the persons investing in them money first right? Without those investors, the company wouldn't even be able to HIRE people (McD's rapid growth is related to the influx of money from capitalists).
You need to learn about the stock market. Seriously, you really really need to learn about it. Its basically an alternative to a bank loan that assumes more risk but promises greater returns.
Hudson Gonzalez
Thanks for answering the rethorical question. Another reason why McDonalds (and every big company, really) can do this shit is that they pay people off to get certain privileges. Which, as you can guess, will happen in any system that involves movement or distribution of wealth.
Mason Diaz
Most of the stores are franchises that are privately owned anyway. The CEO has nothing to do with the franchise operators except sell them the food and shit that goes with it. Liberals are literally stupid when it comes to business.
Ayden Sullivan
you think 500k/yr is a lot? the ceiling just gets higher and higher... if you wanna compete with the big boys, you're going to need more than that. they employ almost TWO MILLION people... makes sense that the CEO would make 7 mil
Logan Brooks
Fuck off commieshit Go back to your containment board on Cred Forums
Noah Ross
>why doesn't McDonalds communism? Answer: no
I would also like to see some sources on these numbers. Fast food barely breaks even.
Justin Watson
mcdonalds is a chain, basically each store pays the corporation like 40k a year
Elijah Powell
Fast Food has a 2:1 profit margin.
you can use google.
Owen Lewis
>telling people who have actually accomplished something how to spend their money
Isaiah Nguyen
>CEO makes bank >normal employees see CEO making bank >normal employees want to make bank and be the CEO too >try extra hard to get promoted, work longer hours to stick out and work harder generally for their career Hmmm I wonder
Why would you pay it to employees? You can find someone else to do their job for the same or less.
If you can find a good sandwich for $6, why go across the street to find an equally good sandwich for $12?
Your value is what it costs to replace you, not your fantasy math.
Julian James
someone has to keep that empire running also, if they took all his money and distributed it, it would barely help anyone at mcdonalds
the issue here isnt that mcdonalds workers are being unfairly treated
its that they are losers and garbage, if you work at a fast food place longer than being a teennager, then you deserve the shit life you put yourself into
fastfood is for kids unless you are corporate
Carter Reed
>Fast Food has a 2:1 profit margin. maybe if all you make is cheese pizza
protein is expensive
Julian Bailey
The CEO's pay rate is off limits, I do agree that the minimum wage should go up to $9.45 though - wages haven't tracked with inflation for at least the last decade.
Nicholas Ward
buy mcdonalds stock and you can have a say in their corporate decisions.
Nolan Gutierrez
Except that's not how it works. If they increase their productivity Mcdonald's makes more money, but their wages don't go up.
Brandon Wood
>the company is worth $94 mcbillion >the CEO leading this company is paid $8 mcmillion
That's perfectly fair for someone running such a massive and profitable company. Most people couldn't even run a gas station.
Jacob Stewart
You cannot logically pay an employ less than the utility they bring to the company. You cannot logically pay an employee less than the dis-utility of their labor.
With this considered, you must also consider the dis utility of capital and utility of non-human capital. Capital has utmost utility in any business as without capital a business cannot function.
With this same train of thought, you must consider the dis-utility of this same capital; at what point is it no longer worth the dis-utility to employee capital in this way?
The lion's share of profit will always go to those that hold capital as an incentive to keep capital in the business and to not employ capital elsewhere. Shareholders and owners make as much profit for themselves as they can as they do own the capital and without them the business is non-existent. If this profit were too low for the dis-utility of their capital you would quickly see them reinvesting elsewhere. Likewise, higher employees earn higher salaries as their utility is difficult to convert into solid numbers, and the risk of them migrating with their skills is always high.
tl:dr >You can't pay employees more than they make the company. >Owners will always make as much money as feasibly possible, otherwise they would leave the industry or re-purpose capital. >Higher salaried employees are difficult to know how valuable they are, and thus are highly paid as other industries could poach their skills.
I suppose the reverse question is better. Why should employees be paid more?
Evan Wilson
...
Carter Watson
well OP, let me correct the record a little. After their cost of sales and expenses, taxes, etc., their net income in 2013 was /only/ $5.5 billion. after dividends paid to shareholders and depreciation expenses, their net gain in cash was /only/ $462 million, so it's not like they're raking in tens of billions in profits and just holding on to all of it. for a company that size with that much revenue, their retained earnings aren't that incredible
I'm surprised that the CEO is paid so little. McDonalds is one of the most well-known and ubiquitous brands on the planet.
Jayden Wilson
It ISN'T fair. But it's the US economy. Amerifats will defend this.
Dylan Butler
>CEO >assuming big risks
LOL Right, I bet he'll be really bummed when he loses the company a billion dollars and gets fired for it. But guess what? When he's fired, he'll be in the same position someone earning 8 dollars per hour will be in when they get fired. The difference is that he'll have lived in a mansion that he still has the opportunity to sell, while the employee is stuck with his rickety shack and a lifetime of being poor.
Yes, when you look at the numbers CEOs have a lot more to lose. But on a human level, they will always have more. No bad decision they ever make will bring them down to the level of a minimum-wage employee.
Aiden Perez
Every Manager to Ceo is given stock options. The amount varies from position. Its incentive to help keep you happy, and save the company from burning liquid assets. Its also a good way to keep that employee around and for obvious reasons it keeps the incentive for profitability high. Nonetheless, we are talking millions in stocks
Grayson Garcia
also, looking at their balance sheet, McDonalds is sitting on a shit load of debt. 81% of all their assets are marred by an associated long term or short term debt that's probably accruing interest. idk if they're in a great financial position
Kevin Howard
>1.9 million people work at McDonalds >CEO makes $7.91 million >CEO makes too much money, he oppresses the minimum wage worker >Let's cut his pay drastically, he doesn't need that money >Let's divide up 7 million of his dollars among 1.9 million and do the right thing >All employees receive an extra ~$3.50 per year
Are libtards too stupid to do 3rd grade math?
David Price
>I'm surprised that the CEO is paid so little.
They have been bleeding hard for some time now, losing market share left and right. Once you hit the top of the curve there's nowhere else to go but down and you don't need top-dollar C-levels to crash the plane with no survivors.
>Darden (DRI) (Olive Garden, Red Lobster): $412 million; 4.8%
>Brinker International (EAT) (Chili’s, Maggiano’s): $163 million; 5.7%.
Eli Butler
A company has to squeeze profits from all places, including the livlihood of the employees.
Immigration also brings more competition into the workforce putting downward pressure on real wage growth.
The elite don't care about you.
Jonathan Cox
Give it a rest. CEOs literally jetset around and occasionally make a speech about how "the customer is always right".
Ryan Ramirez
>Try to justify this distribution of wealth: >McDonalds as a company earned $94billion dollars for the year of 2013. Stop there. It's justified.
Elijah Roberts
remember goyim the company just can't afford to raise wages you will have to pay for it in your mcshit burger ;^)
Ian Smith
THE CEO USED TO WORK FLIPPING BURGERS! JEEEESUUUUS
Juan Cruz
Damn son, look at all that 100% profit margin. It's almost as bad as those evil pharmaceuticals and oil men. Fucking fat cats, we'll take their capital and distribute it among the workers one day, then we'll never have any trouble again.
Andrew Hernandez
I dunno - are they, commie?
I'm not sure how serious you're being but it's a bump in the road for them (maybe not for their current CEO, but fuck him). They have had much, much worse times.
Hunter Gomez
there are literally hundreds, probably thousands of burger flippers who could replace the McDonald's CEO and do as good a job or better for less money.
not all burger flippers could, but thousands could.
Juan Martin
>perform an entry-level teenage job where you slap together a frozen patty and a frozen bun, put them in a microwave, and stuff them in a box >you somehow deserve more than minimum wage for this just because your boss, the man who oversees nationwide operation for the franchise, makes more more money than you
Ryder Jackson
McDonalds is doing poorily. Americans want Taco Bell these days over hamburgers.
Jeremiah Rogers
CEOs do lots of work das y they git the moneys
Carter Turner
>For 500k a year, you can travel anywhere in the world daily and stay in any 5star hotel no
Dominic Brown
This right here shows the ignorance of all these people complaining about CEO's salaries. You have no idea what a CEO actually does, or what skills one would need to perform well in that position, yet you think you know what they should be paid. CEO's are paid that much because they are a valuable asset, they have the skills to run a massive company, if you don't pay them well they will go somewhere else.
Michael Collins
8 million a year divided by 2 million people is 4 4 dollars a year. To give all 2 million employees a dollar an hour raise, you're looking at 2000+ per person per year. So thats 2 billion more.
Joseph Martinez
If the government put a cap on salaries that would be a non-issue. Yes, valuable assets deserve to be paid more, but what these people are making is excessive, and it's disgusting what they can get away with when they're in such a position.
Ethan Bell
companies could give out an IQ test to all current employees, and choose a lower-level employee with an IQ around 130 and pay them 80k a year to be CEO, and they could do just as good if not a better job. McDonalds has hundreds of low-paid hourly workers with IQs 130 or above who would take the job for that pay.
CEOs are paid a lot because rich people use their social influence to create a cartel and make sure all companies over-pay executives. it's rich class consciousness.
Evan Cruz
well maybe if they took that high IQ guy then put him through years of training and experience in running companies, then sure they could do that, but then he would probably want more money. It takes so much more than IQ to be good at something. It takes knowledge and experience. You could take plenty of top graduates from business schools and throw them into a a position like that and they would fail miserably. I can guarantee you that.
Charles Murphy
Essentially all for-profit businesses are pyramid schemes where you will never reap a truly fair reward for your productivity (or potential productivity).
The only way to avoid it is to start your own business.
Bentley Rogers
7 million a year isn't actually that much considering how huge mcdonalds is.
Mcdonalds also gives 10 million is health costs to needy families every year.
Working the entry level at mcdonalds shouldn't be expected to be a lifelong career, 16 year olds can at least get supervisor or manager within a year of working there.
If you're struggling because you're in your 20s/30s and you can't move up the chain in fucking mcdonalds you're not applying yourself and you deserve what you earn.
Aaron Hall
Ok so if the salary of the CEO would be distributed to the employees, each would get less than $4 raise on top of their yearly salary.
Nathan Gonzalez
>it costs 70 billion dollars a year to keep it afloat according to your own admittance >company goes up in value, generating more than is spent >implying the owner is obligated to increase the funding of the employee just because his brand and company went up in value the employee is just as valuable as he was before, they're not suddenly performing their jobs significantly better, it would be arbitrary extra money given for no reason what is more logical is that they branch out and hire more people at the same wage, or branch out and invest the money elsewhere, or the money could just be kept, if you don't like it start your own 90 billion dollar/year company
Noah Parker
Op abandoned thread after being shut down at every point gg pol, op killed himself.
Zachary Flores
Communism only exists because of envious people who think everyone should be poor like them.
Juan Wright
You invent shit You employ people You make more shit You earnd the money you now have, sure there might be a couple of cucks who think it's not "fair" but who gives a damn about poor stupid niggers, right?
Alexander Turner
OP should be shot for being a dumb commie.
William Robinson
Abandoned the thread cause I looked more into it and realized McDonalds has $20billion in debt, which goes against every argument I was trying to make based on countless other sources inflating the importance of their profits. They'd been accumulated debt steadily for years and just last year it jumped by over 7 billion - likely getting more investors to pay off the older ones.
McDonalds hasn't "profited" in over a decade.
Seems paying a retard 7 million dollars a year isn't working out so much afterall.
Caleb Fisher
>distribution of wealth is irrelevant to its accumulation by individuals.
Hunter Russell
When I worked at a restaurant, some of the other employees used to talk shit about the owner because everyone in his family drove a Mercedes, and of course they felt this was "unfair" because "they did all the work". When you explain to them that the owner is responsible for every aspect of the business, and he literally has no off days, and can be summoned on a moment's notice for any number of things, while they worked their 25-35 hours a week and went home to smoke weed (I used to do that too, but I understood why other people are more successful), they usually shut up. Never mind the fact that he actually worked several hours a day at another location.
OP should learn what responsibility is, businesses don't just grow out of the ground for you to walk into and make a living, an actual person is behind every aspect of it, and it's pretty much always incredibly stressful, complicated and time consuming. You do not do what a CEO does, not even close. But if you work hard and have what it takes, you can one day get there. America.
Nathaniel Hall
You should make your own company which sells burgers, if its that easy and the ceo just does nothing then you should be able to be his competitor and give more to your workers so their workers move from mcd to yours
Henry Moore
All your arguments prove is that you have never held even a middle management position in business with real responsibilities.
Andrew Williams
7 million for that big of a company seems fine to me
Sebastian Davis
They answered you. If you ran the company it would be destroyed overnight. You have no knowledge of economics. You don't understand the principle of supply and demand for labor. You also fail to realize that being CEO is not some 9 to 5 shift that they just relax and get fat. It's a 24/7 job that ruins most people's physical and mental health. Even if you're a great CEO you still have every single person gunning for you. Not because of money, but because of recognition, honor, power, and influence that the title has.
Kill yourself you commie kike.
Leo Clark
And all your post proves is that you're one of the many dumb americans that don't understand the value of hard work. Cheat and be cheated is the life for you.
Actually most failure CEOs end up as board members or eventually become successful. There are no successful CEOs without first being a failure CEO.
You know nothing about business. You're fed liberal lies and run with it.
Hudson Martinez
Because they have stock options, and so the better the company does, the more money they make?
Blake Garcia
Because the shareholders think incentivizing the CEO with a higher salary will improve cash flows. The shareholders own the company, not the workers. If you disagree with this setup start a Credit Union or substitute Employee Stock Options for wages. And no, net income is $5B not $20B in 2013. corporate.mcdonalds.com/mcd/investors/financial-information/annual-report.html Most people who rant about wealth inequality hardly understand how corporations work. Take an Accounting or Economics course.
Adam Wright
>People complaining that CEOs get paid too much >People complain that college graduates aren't guaranteed a degree Why don't we just, teach people how to be CEOs? There's all kinds of former CEOs who are willing to teach this material, could have co-op courses where they work under a CEO
Matthew Barnes
>and who assume risk on behalf of the organization. Then why do they have golden parachutes? Is getting paid hundreds of thousands of dollars to get fired a risk?
Henry Richardson
Then why don't they get another job, which values their productivity more? There's plenty of places hiring burger flippers
Dylan Turner
Remember how Return of the Jedi made 450 million dollars, on a 32 million dollar budget but didn't actually turn a profit? You can cook the books to be as much or as little profit as you want, and it's legal
David King
You're throwing around a lot of numbers and assumptions about CEO work hours. It all seems to be pulled out of your ass.
Also, fast food managers are a dime a dozen. They're just glorified burger flippers. There's no comparison to a corporate executive.
Brandon Miller
>>For 500k a year, you can travel anywhere in the world daily You can if you fly coach
Brody Carter
>Why don't we just, teach people how to be CEOs?
Most people are not cut out to be CEO's. It's really not something you can teach.
Mason White
yeah. this is the major problem with store chains. They aren't good to work for.
For example, if you own your own supermarket, you have a vested interest to carry what your customers want.
But if you're a supermarket employee, getting what's in demand actually increases your workload. You also don't share in any of the success if you sell more. The result is just shitty service and a declining morale.
Rising wages (like the US enjoyed during much of the 20th century) can compensate for the above-- but they only arise in high-tarriff+stable currency+limited immigration environments.
Trump is pushing for most if not all of the above.
Gabriel Murphy
I work for Costco. Their business model is incredible and they actually translate business success to the workers. I'm paid well, have rock-solid health insurance and biannual bonuses on top of great pay. At a glance they appear to be a just a bunch of nice folks doing business but Costco and their supply chain is fucking ruthless purchase negotiators. If I ever move on to another job I'll still be a member for life, best products and return policy anywhere
Christian Ramirez
...
Nathaniel Brown
We should just let everyone be CEOs. That way everyone can be a millionaire
Lincoln King
...
Dylan Fisher
Why should burger flippers earn more money? I was flipping burgers at 10 years old on my dads grill. Why should you be paid lots of money for a job that a 10 year old can do? You are compensated based off your skills. The more people that can do that skill, the less it is worth.
Thomas Hernandez
Most people aren't cut out to be doctors or engineers. Still manage to teach that though. And what can't be taught in a class room, can be taught in a co-op position Because there's not that many job openings in the CEO market. But there's a labor shortage in the CEO field, that's why they have such high wages. If there was a labor surplus in CEOs, their wages would be lower. The lack of training for people to become CEOs is a failure in the education market.
John Stewart
the horse may have popped in the bed
Angel Bell
LOL at all this economic talk.
The answer is So simple. It all comes down to a small hand full of things and ultimately one thing.
CEO's and people of the like are obsessed with power and status and lifestyle.
They have to better than their peers in materialistic ways.
It all narrows down to pure and utter greed.
Capitalisms backbone of strength is nothing but Greed. It is that simple , and when you realize this you understand why capitalism eventually leads to corporatism and enslaves everyone to a small handful of individuals.
You're welcome.
Aaron Sanchez
>Most people aren't cut out to be doctors or engineers. >Still manage to teach that though.
99% of these people are worker bees.
Somebody has to run the business end. At the executive level these people have rare gifts. You can't just plop a CEO hat on anybody. EveN if they have business degrees.
Luke Flores
CEO is one of those jobs where no two really do the same thing and no one is entirely sure what they actually do. You can't really train for something that seems to be a job which shouldn't actually exist.
James Jenkins
>99% of these people are worker bees. The fuck does that even mean >CEO is one of those jobs where no two really do the same thing and no one is entirely sure what they actually do. You can't really train for something that seems to be a job which shouldn't actually exist. That's figuratively an argument in favour of digging your head in the sand and using money to pay the problem away, and not actually understanding what CEOs do
Lucas Cook
That Big Mac is making my mouth water so bad. But it's to late to go to McDonald's.... I guess I'll get one for lunch tomorrow... At least I have that to look forward to
Gabriel Edwards
holy shit this dumb thread is still alive?
Jace Lee
% of these people are worker bees. >The fuck does that even mean
The problem with commies is that they are none-to-bright and will never get it.
Most doctors and engineers are employees that if called upon to run their own businesses would run it into the ground. I've been an electrician for nearly 30 years and ran my own business for 9 of those years. What did I learn? That I am a terrible CEO. thankfully, there are talented CEO's out there and I can be the good worker bee that I am.