Yum! CEO makes $100 million while taxpayers spend $650 million supporting his underpaid employees

[n2doc]

by Jameson
It is not secret that corporations love to pay their CEOs exorbitant salaries and hate to pay their lowest workers any higher than they have to, but there is a larger injustice that is occurring that these companies would love to keep in the shadows. The inconvenient truth of CEO pay is that much of it comes subsidized by the tax paying public.

If you don’t recognize the name “Yum! Brands,” you’ll definitely recognize the companies they own. Taco Bell, KFC, and Pizza Hut chains all fall under its corporate umbrella. Yum Brands employes nearly 400,000 US workers and their fast food chains are practically national symbols, recognized all over the world.

Those companies are also extremely profitable. In 2012, Yum! Brands recorded a net income of $1.6 billion.

If you’re an investor of Yum! Brands you couldn’t be happier. If you were one of the 400,000 workers who make up the day-to-day operations at one of their locations, you probably didn’t share in its success. The wages for many of Yum! Brands employees was so low that many seek out, and are even encouraged by the company to seek out, anti-poverty programs like food stamps and affordable housing just to live. The actual wages are so disconnected with the living wage that the National Employment Law Project estimates that Yum Brands’ workers alone cost $650 million in medicaid and other public assistance annually.

Guess who pays for that $650 million? You do.

Guess who doesn’t pay for that $650 million? Yum! Brands.

more

http://iacknowledge.net/major-ceo-makes-100-million-as-taxpayers-spend-650-million-on-his-employees-welfare1/

[Scuba]

1. ...

[geardaddy]

4. Awesome photo!

[LiberalEsto]

2. Yuck

Tax the CEOs, that's the ticket. Tax the crap out of them.

[n2doc]

3. related story

Doritos Locos Tacos visionary dies at 41


The visionary behind the billion-dollar Doritos Locos Tacos idea never made any money on it.

Instead, Todd Mills shrugged off any attention, simply wanting his "cool idea" to come true, said Mills' wife, Ginger.

Mills, 41, died on Thanksgiving after battling brain cancer. He's survived by daughters, Tyler, 19, and Lainey, 6.

When friends learned he had passed away, they took pictures of themselves eating the tacos and posted the images to Facebook, Ginger Mills said.

"It was a sweet memorial," she said.

http://www.usatoday.com/story/news/nation-now/2013/12/03/doritos-locos-tacos-creator-dead/3852005/?123

The experimental combination has paid off for Taco Bell. This year, the company said it exceeded $1 billion in sales of the Doritos Locos Tacos, according to The Huffington Post.

As he went through two brain surgeries and a lung surgery, Looney set up a website to accept donations to help pay for Mills' medical bills. Mills would never set up such a site himself, Looney said. Looney reached out to Taco Bell's CEO on Twitter, and the company donated $1,000, Looney said.

[CFLDem]

6. $1,000

What a bunch of slime balls .

[progressoid]

7. $1000.

Gee, how magnanimous of them.

[magical thyme]

5. just once I want a link to one of these types of stories

lead directly to some MSM thing that everybody would see. Yes, I know. total pipe dream.

[progressoid]

8. +1

[Turbineguy]

9. He obviously deserves that kind of money

for mooching off the government.

These are the sort of people Ayn Rand warned us about.

[DirkGently]

10. The "redistribution of wealth" we rarely hear about.

Apparently it's only sociocommiesatanstealing when it benefits the non-superich.

[JNelson6563]

11. Sickening. Is there a list somewhere?

Anyone know if there's a list somewhere of this stuff? I reckon there are many companies like this (most notably of course Walmart) and I'd like to see a list of companies who rake it in hand over fist but pay their workers so poorly that we taxpayers have to help them so they don't starve to death. Would love to include it in a LTTE.

Julie

[L0oniX]

12. It's not just the CEO's ...its the stock holders too.

[Seedersandleechers]

13. Glad to know I haven't

been to any of those establishments in over 35 years. I tend to spend money at my local taco/chicken place in which I spend less money, get better food and can leave a tip for my server.

[woo me with science]

14. K&R

[Cha]

15. File it under WTHF! nm