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Showing posts from April 29, 2018

Can we end Extreme Poverty: Need profound change of heart and mind

Economic inequality exists in most countries around then world Date: April 29, 2018   I am not a fan of Mc Donald’s. But, do you know how much McDonald’s, CEO Steve Easterbrook make each year? According to this morning’s Chicago Tribune , he makes $21.76 million pay package which was 3,101 times the $7,017 paid to the fast-food giant’s median employee. Just 10 percent of McDonald’s U.S. workers make a living wage, meaning their hourly wage is enough to cover local costs for food, housing and medical care. CEO pay has been rising since the 1980s, with a sharp climb during the 1990s among large companies driven by hikes in incentives and restricted stock. By the turn of the millennium CEOs were making 120 times the pay of the average worker, whereas in the 1970s they were making about 30 times more, according to research by finance professor Carola Frydman and associate finance professor Dimitris Papanikolaou, both of Northwestern University’s Kellogg School of Management. Ac