McDonald's, Starbucks' CEOs earn 1,000 times more than staff at bottom

The chief executives of McDonald’s and Starbucks earn more than $9,200 an hour, which is at least 1,000 times the hourly wages of their sales associates, according to a new report by the personal finance website nerdwallet .

_Nerdwallet_has taken a sample of 10 retail and fast food chains paying the highest CEO compensations, and discovered that on an average the CEO earns 874 times more per hour than a sales associate at their company.

[caption id=“attachment_1270055” align=“alignleft” width=“380”] Protesters calling for higher wages for fast-food workers stand outside a McDonald’s restaurant in Oakland, California December 5, 2013. The group, which numbered about 200, shut down the store for more than half an hour as part of a daylong nationwide strike demanding a $15 dollar minimum wage. Reuters[/caption]

Fast food employees in the US are surely not going to like this givenrecent strikes against Walmart and McDonald’s over low pay and working conditions.

According to the list, which can be viewed here , McDonald’s and Starbucks top the list of pay divergence between top and bottom, followed by Dollar General, Gap, TK Max, Target, Walmart,CVS Caremark, Best Buy and AT&T Wireless.

Out of these 10 companies, median CEO pay on an hourly basis was calculated as $7,334, compared to $8.73 for sales associates.

CEO pay was calculated by dividing each chief executive’s total compensation (as reported in the company’s annual proxy statement) by 60 hours a week times 50 weeks per year. Sales associates’ wage information was obtained from Glassdoor.com.

The study also found thatMcDonald’s, Dollar General and The Gap pay their CEOs an hourly “wage” above the sample median of $7,334, but pay their workers an hourly wage below the sample median of $8.73.