Reportedly, McDonald’s (MCD) will be tying executive bonuses to new goals for diversifying the company and publicly releasing the demographic details of its workforce, for the first time.
Under the new guidelines, McDonald’s CEO Chris Kempczinski may lose 15% of his approximately $2.25 million annual bonus if he fails to increase the portion of women and Blacks, Hispanics, Asians, and other minorities in senior leadership roles.
As activists have called for more transparency, many organizations are looking to increase opportunities for women, black workers, and other underpaid groups, after a nationwide debate with racism raised by the killing of George Floyd, a Black man, by Minneapolis police. Companies are now increasingly releasing demographic data for their workforces involving executive pay to diversification goals.
The burger giant aims to boost the number of women in leadership roles, senior director and above, from 37% to 45% globally by the end of 2025. It also aims to increase the portion of historically underrepresented groups, in leadership roles in the United States from 29% to 35% in the next five years.
McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent businessmen and women. To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page.
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