Hundreds of protesters waving the "Fight for $15" minimum wage flag gathered outside of McDonald's (MCD) - Get Report annual shareholder meeting in Chicago Wednesday. The group hopes to raise the minimum wage nationally to $15 an hour.
"Instead of paying their CEO $15 million, they should give him $10 million and pay their workers what's right," protester Terrance Wise said, according to Reuters. Company data shows that CEO Steve Easterbrook earned $15.3 million in total compensation last year.
The company raised the minimum wage at company-owned stores to an average of $10 an hour, but many of the company's stores are franchisee-owned and those store owners set their own wages.
Shares of McDonald's were higher in mid-afternoon trading.
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