In 2018, Walmart CEO Doug McMillon took home more than $23 million. By contrast, McDonalds’s Chris Kempczinski was paid a mere $18 million last year — falling just short of making two thousand times the median wage for workers at his company.
As many businesses across the country struggle to stay afloat amid rolling pandemic lockdowns, many of America’s largest corporations are doing just fine. Better than fine, in fact: it emerged this week that Walmart’s profits surged during the third quarter of 2020, exceeding $5 billion with McDonalds’s profits jumping almost 5 percent to just under $2 billion. The pandemic has proven especially lucrative for big retailers, the largest fifteen (including Walmart) collectively making $60.8 billion in profits in 2020 so far — an increase of $14.6 billion from last year.
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