Dozens of the largest low-wage employers in the United States manipulated their own rules during the coronavirus pandemic to hand wealthy CEOs substantial raises while their vulnerable frontline workers struggled to get by with inadequate paychecks, meager benefits, and flimsy on-the-job protections.

That's according to a new report (pdf) released Tuesday by the Institute for Policy Studies, which found that 51 of the nation's 100 biggest low-wage employers—including Tyson Foods, Coca-Cola, Chipotle, and YUM Brands—used numerous tactics to boost executive pay in 2020 while offering their workers few safeguards against the pandemic and resulting economic meltdown.

"Common manipulations included lowering performance bars to help executives meet bonus targets, awarding special 'retention' bonuses, excluding poor second-quarter results from evaluations, and replacing performance-based pay with time-based awards," the report notes. "Companies enlisted an army of 'independent' compensation consultants in an effort to give all this rule-rigging a veneer of legitimacy."




https://crooksandliars.com/2021/05/surprise-low-wage-corporations-gave-ceos