Hundreds protest over minimum wage at McDonald's stockholder meeting
By Bob Chiarito
OAK BROOK, Ill. (Reuters) - Hundreds of fast-food workers demanded wage increases as they marched outside McDonald's Corp (MCD.N: Quote) headquarters during the company's annual shareholder meeting on Wednesday.
The demonstrators were part of a nationwide protest organized by "Fight for 15," a labor group that has regularly targeted McDonald's in calls for higher pay and union rights for workers.
More than two dozen protesters were arrested outside the United Continental Holdings Inc (UAL.N: Quote) shareholder meeting in downtown Chicago.
"I saw my mother, who worked 30 years for Hardee's, struggle on food stamps to raise her family and now I'm doing the same thing," said Terrance Wise, a 42-year-old from Kansas City, protesting outside the McDonald's meeting in a Chicago suburb.
Wise, who has worked at McDonald's for three years, said he earns $7.65 an hour working full time. He said he also relies on food stamps to support his three daughters.
"Instead of paying their CEO $15 million, they should give him $10 million and pay their workers what’s right," he said. The main demand of "The Fight for 15" is a minimum wage of $15 an hour.
Chief Executive Officer Steve Easterbrook earned $15.3 million in total compensation last year, according to company data.
Shareholders inside the McDonald's meeting did not ask about the protests during a question-and-answer session. Continued...