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McDonald's CEO 'incredibly proud' of pay hike

21 May 2015, 21:33

New York - McDonald's CEO Steve Easterbrook says he was "incredibly proud" of a recent decision to bump pay for workers at company-owned restaurants.

Also read: Malaysian foreign minister to visit migrants

The remark came during the company's annual shareholder meeting, which was preceded by hundreds of protesters outside calling for pay of $15 an hour and union.

Easterbrook referenced the company's plan to raise pay for workers at company-owned restaurants to $1 above the minimum wage. Labor organizers have said the move falls short, in part because McDonald's owns only about 10 percent of its more than 14,300 stores in the U.S.

During the meeting, shareholders also approved a proposal to make it easier for investors to nominate directors. McDonald's had opposed the proposal, which it said could enable shareholders with "special interests" to nominate directors.

- AP


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