"It is not secret that corporations love to pay their CEOs exorbitant salaries and hate to pay their lowest workers any higher than they have to, but there is a larger injustice that is occurring that these companies would love to keep in the shadows. The inconvenient truth of CEO pay is that much of it comes subsidized by the tax paying public.
If you don't recognize the name "Yum! Brands," you'll definitely recognize the companies they own. Taco Bell, KFC, and Pizza Hut chains all fall under its corporate umbrella. Yum Brands employes nearly 400,000 US workers and their fast food chains are practically national symbols, recognized all over the world.
Those companies are also extremely profitable. In 2012, Yum! Brands recorded a net income of $1.6 billion.
If you're an investor of Yum! Brands you couldn't be happier. If you were one of the 400,000 workers who make up the day-to-day operations at one of their locations, you probably didn't share in its success. The wages for many of Yum! Brands employees was so low that many seek out, and are even encouraged by the company to seek out, anti-poverty programs like food stamps and affordable housing just to live. The actual wages are so disconnected with the living wage that the National Employment Law Project estimates that Yum Brands' workers alone cost $650 million in medicaid and other public assistance annually.
Guess who pays for that $650 million? You do.
Guess who doesn't pay for that $650 million? Yum! Brands."
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