Fast-food restaurants are part of a $200 billion-dollar industry that pays its CEOs astronomical amounts in salaries, bonuses and stock options. The 2012 compensation for David Novak, CEO of Yum! Brands, which owns Pizza Hut and Taco Bell, was $29.4 million, or over 4,300 times as much as the pay of an average employee. In 2011, after four months on the job, Wendy's CEO Emil Brolick earned $4.6 million. Jim Skinner, McDonald's outgoing CEO, is slated to receive about $10 million by the end of the year. The Fast Food Forward protest comes on top of similar actions at Walmart stores across the country on Black Friday. The Walmart protests were part of an attempt to unionize the company's low-wage workers (who make an average of $8.81 an hour) by United Food and Commercial Workers (UFCW). Extreme social inequality and the rapid increase of poverty have created concern among the upper middle-class layers. The political aim behind the New York fast-food protests, similar to the Walmart protests, is to smother a social explosion before it happens with militant-sounding rhetoric on the one hand and slavish support for the Obama administration on the other.
Warning : Silver is Ready to Launch says Todd Horwitz
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Silver's bullish price action is yet to come, with a target of near $20
coming soon, this according to Todd Horwitz of bubbatrading.com. "To me,
we're goi...
5 years ago