Chipotle’s Shareholders Slam Executive Pay at Annual Meeting
Chipotle paid its two co-CEOs a combined $49.5 million last year. That doesn’t sit well with shareholders.
Steve Ells, who serves as Chipotle’s chairman in addition to co-CEO, made $25.1 million last year, including $12.3 million in stock options. The compensation package for co-leader Monty Moran was $24.4 million, with $12.3 million coming in options.
The broader industry has seen CEO compensation climb quickly since 2008, even as hourly wages for workers remained static, according to data compiled by Bloomberg Industries. Fast-food companies had a CEO-to-worker compensation ratio of 1,203 in 2012. That figure was just 211 in 2000