Companies Paying Americans the Least
6. Aramark (NYSE:ARMK)
> Workforce: 265,500
> Annual revenue: $14.33 billion
> CEO: Eric Foss
> CEO compensation: $21.14 million
Philadelphia-based Aramark provides dining services, uniforms, and other food service logistics for corporations and educational institutions. This September, a group of female lunch servers at a public school in Pawtucket, Rhode Island, threatened to strike, citing a substantial gap between their salaries and the salaries of men doing comparable work. Aramark agreed to raise the employees’ salaries by a total of $1.20 over the next three years.
As of the end of the most recent fiscal year, Aramark employed 265,000 people worldwide, 110,000 of whom in a part-time capacity.
5. Target Corp. (NYSE:TGT)
> Workforce: 341,000
> Annual revenue: $73.79 billion
> CEO: Brian Cornell
> CEO compensation: $16.95 million
Target had a very successful 2015 fiscal year. After reporting an operating loss of $1.3 billion in 2014, Target reported net income of $3.3 billion in 2015. Based on hundreds of employee reports at Glassdoor.com, the typical cashier at Target makes around $9 an hour. A sales floor team member earns an average $9.19 an hour. However, Target recently announced it would raise its minimum pay to $10. Based on this figure, a Target employee working 40 hours a week for 52 weeks a year would earn $20,800 annually. Target CEO Brian Cornell made $16.95 million last year.
4. McDonald’s Corp. (NYSE:MCD)
> Workforce: 420,000
> Annual revenue: $25.41 billion
> CEO: Stephen Easterbrook
> CEO compensation: $7.91 million
Thousands of low-wage workers protested for higher wages outside McDonald’s headquarters last year, one of a string of related demonstrations reported in recent years. The protests are a strong indication that for many employees, including those at McDonald’s, wages are inadequate. Amid flagging sales in recent years, the hamburger chain replaced CEO Don Thompson with Stephen Easterbrook earlier this year. With mounting protests, the company announced a pay raise for its employees, although the move was criticized as a public relations stunt since the increase would only apply to company-owned stores, which only account for around 10% of McDonald’s restaurants. The vast majority of stores are franchises.