{"id":38601,"date":"2013-12-04T10:57:49","date_gmt":"2013-12-04T17:57:49","guid":{"rendered":"http:\/\/uprisingradio.org\/home\/?p=38601"},"modified":"2013-12-04T10:57:49","modified_gmt":"2013-12-04T17:57:49","slug":"yet-another-way-fast-food-ceos-rip-off-workers-and-the-public","status":"publish","type":"post","link":"https:\/\/uprisingradio.org\/home\/2013\/12\/04\/yet-another-way-fast-food-ceos-rip-off-workers-and-the-public\/","title":{"rendered":"Yet Another Way Fast Food CEOs Rip Off Workers and the Public"},"content":{"rendered":"<p><ul class=\"inline-playlist playlist\" title=\"\"><li><a href=\"http:\/\/archive.org\/download\/2013124Uprising\/2013_12_4_CEOs_fastfood.mp3\">Listen to this segment<\/a><\/li><\/ul><ul class=\"inline-playlist playlist\" title=\"\"><li><a href=\"http:\/\/archive.org\/download\/2013124Uprising\/2013_12_4_uprising.mp3\">Listen to the entire program<\/a><\/li><\/ul><\/p>\n<p><img decoding=\"async\" align=right width=50% src=\"\/home\/graphics\/fastfood_ceos.jpg\" alt=\"\" \/>A Bloomberg Businessweek report on the impact of raising the minimum wage recently profiled a woman named Shawndraka Mack who has been working for McDonald\u2019s full time for six years but cannot afford to eat there herself. Meanwhile, according to a new report by the Institute for Policy Studies\u2019 Sarah Anderson, McDonald\u2019s \u201cCEO in 2011 and the first half of 2012, James Skinner pocketed $31 million in exercised stock options and other fully deductible \u201cperformance pay.\u201d Incoming CEO Donald Thompson took in $10 million in performance pay in his first six months on the job.\u201d <\/p>\n<p>What Anderson has found is that fast food companies like McDonald\u2019s are deducting these forms of so-called \u201cperformance pay\u201d from their taxes, which amounts to a government subsidy. In fact, finds Anderson, \u201cCEOs of the top six publicly held fast food chains pocketed more than $183 million in fully deductible &#8220;performance pay,&#8221; lowering their companies\u2019 IRS bills by an estimated $64 million.\u201d<\/p>\n<p>This week marks an important milestone in the on-going movement among fast-food workers nationwide to demand at least $15 an hour in wages. Tomorrow, workers in 100 cities nationwide will strike for a day, with accompanying solidarity protests in 100 additional cities. The move builds on a 50-city strike in August.<\/p>\n<p><em>GUEST: Sarah Anderson, Director of the Global Economy Project at the Institute for Policy Studies who has co-authored 20 IPS annual reports on executive compensation.<\/em><\/p>\n<p><a href=\"http:\/\/www.ips-dc.org\/files\/6511\/IPS-Fast-Food-CEOs.pdf\">Click here<\/a> to download Anderson&#8217;s report on Fast Food CEOs. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Bloomberg Businessweek report on the impact of raising the minimum wage recently profiled a woman named Shawndraka Mack who has been working for McDonald\u2019s full time for six years but cannot afford to eat there herself. Meanwhile, according to a new report by the Institute for Policy Studies\u2019 Sarah Anderson, McDonald\u2019s \u201cCEO in 2011 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-38601","post","type-post","status-publish","format-standard","hentry","category-daily-program"],"_links":{"self":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/38601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/comments?post=38601"}],"version-history":[{"count":1,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/38601\/revisions"}],"predecessor-version":[{"id":38609,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/38601\/revisions\/38609"}],"wp:attachment":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/media?parent=38601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/categories?post=38601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/tags?post=38601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}