NEW YORK — Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.
Tyree Johnson scrubs himself with a bar of soap in a McDonald’s bathroom and puts on fresh deodorant. He stashes his toiletries in a Kenneth Cole bag, a gift from his mother who works the counter at Macy’s, and hops on an El train. His destination: another McDonald’s.
Johnson isn’t one of Chicago’s many homeless people who seek shelter in fast-food joints. He’s a McDonald’s employee, at both stores — one in the Loop, the other about a mile away in the shadow of Holy Name Cathedral.
Quartz's Adam Pasick points us to a report from the FT's Simon Rabinovitch on China condemning salaries among its top corporate execs. The thing is, they're not even that high, at least compared with their American counterparts.