McDonald’s CEO defends employee pay increase

McDonald’s CEO defends employee pay increase

Thousands of labor activists protest outside company headquarters

Steve Easterbrook presided over his first annual meeting as CEO of McDonald’s Corp. Thursday, and defended the company’s recent employee pay increase amid protests by thousands of labor activists outside its Oak Brook, Ill., headquarters.

Easterbrook said he was proud that McDonald’s stated earlier this year that it would raise hourly pay at its company-owned U.S. locations to $1 above the local minimum wage.

“We

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