As Workers Struggled, Boardrooms Found Ways To Reward CEOs During Pandemic
Posted on AllSides May 11th, 2021
From The Left
As the coronavirus pandemic upended the restaurant industry in March 2020, fast-casual burrito chain Chipotle instituted a 10% “appreciation pay” bonus for employees willing to risk their health to keep working during the crisis. For frontline workers earning around $12 or $13 an hour, that amounted to a pay boost of a dollar and change.
Chipotle CEO Brian Niccol got a raise, too ― from $33.5 million to $38 million ― after the company’s board waived performance rules that would have dragged down his compensation for the year. Niccol ended...