McDonald’s Corp on Thursday said it will tie executive bonuses to new goals for diversifying the company and for the first time publicly release demographic details of its workforce.
Under the new rules, CEO Chris Kempczinski stands to lose 15% of his approximately $2.25 million annual bonus if he fails to meet goals to increase the portion of women and Blacks, Hispanics, Asians and other minorities in senior leadership roles.
More organizations are seeking to increase opportunities for Black workers, women and other disenfranchised and underpaid groups, after a nationwide reckoning with racism sparked by the May killing of George Floyd, a Black man, by Minneapolis police.
As activists have called for more transparency, companies are increasingly reporting demographic data for their workforces and tying executive pay to diversification goals. Read more…