By David Moberg “The men and women who, in the words of McDonald’s founder Ray Kroc, “grind out” the burgers and fries that have made the company with the familiar golden arches the second largest private employer in the world…
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UPDATE 1: Pension fund leaders challenge McDonald’s and others on buybacks
By Ross Kerber and Lisa Baertlein “ Four U.S. public pension fund officials on Wednesday warned that McDonald’s Corp and other companies may be jeopardizing their own futures by returning excessive amounts of cash to investors via share buybacks.”… [Click HERE…
Thousands of cooks and cashiers to wage largest ever protest at McDonald’s shareholder meeting
By Jack Temple “McDonald’s workers Wednesday and Thursday will wage the largest protests to ever hit the company’s shareholder meeting. Joined by other fast-food cooks and cashiers and clergy from across the country, the workers will call on McDonald’s to…
McDonald’s workers swarm HQ to demand $15 wage
By Don Sniegowski “The Service Employees International Union announced that it had organized the largest protest in history against McDonald’s. According to the union, 5,000 cooks, cashiers and workers marched Wednesday afternoon on McDonald’s corporate office in Oak Brook, Illiniois.”……
The wage war’s two battlegrounds: The ballot box and the board room
By Peter Dreier “On Tuesday, the Los Angeles City Council voted 14-1 to adopt a citywide minimum wage of $15/hour by 2020. The next day, marching behind a giant banner that read, “McDonald’s: $15 and Union Rights, Not Food Stamps,”…
Billionaire hedge-fund manager says Uber told him it might cut driver pay ‘because we can’
By Linette Lopez “Some of Wall Street’s hedge-fund community is becoming increasingly vocal about a serious problem with corporate America. Mike Novogratz, president of $70 billion investment fund Fortress Investments, gave a perfect illustration of this problem on Sunday’s episode…
The plundering of a nation by a beloved company
By Paul Buchhelt “An emotional response to any criticism of the Apple Corporation might be anticipated from the users of the company’s powerful, practical, popular, and entertaining devices. Accolades to the company and a healthy profit are certainly well-deserved. But…
On management: Skewed logic on managers’ bonuses
By Simon Caulkin “One thing economists agree on is that productivity, output per worker, “is almost everything”, as Robert Peston, BBC economics editor, puts it. Productivity, agreed former Labour leader Ed Miliband in March, “is key to the country we…
Canadians have been painted into a corner
By Cameron Adams “Optimism is great until it blinds you to reality. Last month’s job numbers in the United States have been described by some as a Goldilocks report; not too hot, not too cold – but Goldilocks is a…
Are companies stabbing their employees in the buyback? S&P 500 companies spent over $2 trillion on buybacks since 2009
By Anora Mahmudova “Large U.S. corporations spent more than $2 trillion buying back their own shares from 2009 through the end of last year. That is money that didn’t go into the economy in the form of rising wages or…
