If its CEO @SteveEasterbrk gets paid $85 million over three years, @McDonalds can damn well

[Uncle Joe]

Link to tweet

[Mr.Bill]

1. Individual stores are franchises and

their payroll is probably decided by the franchise owners.

[Uncle Joe]

4. MacDonald's corporation owns 20% of their restaurants, approximately 6000 stores and

I believe the parent company of said franchises has great sway in determining the cost of using their brand and would have great influence in promoting a livable wage of $15.00 an hour.

They could adjust the required investment of 1-2.2 million for one.

(snip)

More than 80 percent of McDonald’s restaurants worldwide are owned and operated by franchisees. The company lists consistently in the Top 10 Franchises in the world in Entrepreneur Magazine, and Franchise Times Magazine ranks McDonald’s Number 1 among the top 200 franchises.

By now, the McDonald’s story is legend. The first McDonald’s restaurant was an unassuming hamburger stand owned by Richard and Maurice McDonald in California, opened in 1940. But in 1954, a man named Ray Kroc, who had sold the McDonalds his Multimixer milk-shake makers, paid the restaurant a visit, then offered to open several more McDonald’s restaurants. Kroc eventually bought the company from Dick and Mac McDonald and oversaw McDonald’s worldwide growth to more than 30,000 restaurants today with more than $22 billion in annual revenues. McDonald’s is one of the great American success stories.

McDonald’s Franchise Cost / Initial Investment / Income
Most McDonald’s owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald’s franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.

https://www.franchisehelp.com/franchises/mcdonalds/

[Mr.Bill]

5. Then yes, those stores should pay a better wage. n/t

[Uncle Joe]

6. Of course the ideal would be having a national wage of least $15 an hour

then most every business would be operating on a level playing field and their employees could buy more while growing the economy.

[Hoyt]

2. While I agree with basic premise, if you took this guy's entire salary and divided it by number

of McDonald's employees, each employee would get about $80 per year more. That's about 4 cents per hour.

Again, I think $15/hr should be a minimum, and I don't care if their burger prices have to go up, or profits decline. But this kind of BS from Sanders is just that, BS. It doesn't do us any good.

[LincolnRossiter]

3. The corporation still owns about 10% of the stores...

And I’m fairly certain that, under their corporate charter and franchising agreements, they can dictate broad guidelines for conditions of employment.

[JDC]

7. And he can afford a much better hairpiece.

That is some shitty rug up there.