Friday, April 9, 2010

McDonald's CEO Makes Millions - Pay Increased 30%

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In a related story, Bill Gates has more money than God!

McDonald’s Corp. Chief Executive and Vice Chairman Jim Skinner received total compensation of $17.6 million in 2009, up nearly 30 percent from a year earlier,


Good for him! I know that there's a lot of kneejerk class envy going on, much of it fueled by the White House, but stop and think for a minute: McDonald's has done a very good job of providing what millions of people want. People queue up by the thousands coast to coast at lunch time to order a meal through the clown's mouth. What's wrong with that? Even though McDonald's is never first on my list of dining preferences, many people lover the heck out of it!

Bill Gates (the hated), the CEO of McDonald's, professional athletes and movie stars have one thing in common: the ability to persuade large numbers of people to willingly part with their money for food, computer products and entertainment. Unlike the government which uses coercion and force to separate you from your cold, hard cash!

Anyone who thinks that McDonald's would sell billions more hamburgers if their CEO only made less money is free to make a substantial investment in McDonald's stock and see about making it happen. If however, that decision were to result in the diminishing of your own fortune, you might think twice about it.

The same goes for companies you think are making "obscene profits". Buy stock in them and share the obscenity! Build a coalition of stockholders that will take the company in a different direction. But, again, be advised that this could very well, almost certainly, result in the stock you purchased being worth less (or worthless) after you are done.

On those rare occasions when I go to McDonald's, I know exactly what I am getting for my money and I give it to them willingly in exchange for what they offer. If the man who facilitates that product being widely available and uniformly consistent for me or others to enjoy, shouldn't he be rewarded more whenever he does a better job?

H/T Daily Caller

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