Starbucks Paid Its Median Worker $12,754 and 52 Pounds of Coffee
By Anders Melin, Jenn Zhao and Jason Perry
Updated: February 15, 2019
Starbucks Corp. has disclosed for the first time how much it pays its median employee: $12,754 a year—and 52 pounds of coffee, one for each week.
The figure, included in a Jan. 25 regulatory filing, represents the compensation for an unidentified part-time barista in California, counting salary and restricted stock. Chief Executive Officer Kevin Johnson, by comparison, received $13.4 million for 2018, including a $1.46 million salary, a bonus and equity awards.
The 2010 Dodd-Frank Act requires public companies like Starbucks to disclose the pay gap between rank-and-file workers and their CEOs, a measure intended to highlight income inequality in the U.S. That topic has become a focal point in the nascent campaigns of those seeking to challenge President Donald Trump in 2020, including former Starbucks CEO Howard Schultz.
Schultz, a billionaire who’s touring the country to promote his autobiography and explore a White House run, has said he favors raising taxes on wealthy people like himself to make sure they “pay their fair share.”
https://www.bloomberg.com/graphics/ceo-pay-ratio/?srnd=premium
And then Shultz, says that the democrats need a centrist........................eat me
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