Corporate greed and why don't fast food restaurants pay more [View all]

[kimbutgar]

I has been supporting the minimum wage workers who are bravely going out on strike so I decided to go over to Yahoo Finance and do some research on corporate profits

MCD Mcdonalds as of 6/30/13 had 1.87B in cash on their books so far this year they have had revenues of 27.79 B and a profit margin of 19.85%!

DPZ Dominos as of 6/30/13 had 40.84 Million in cash on their books and so far this year they had revenues of $1.75 B and a profit margin of 7.50%

Darden (owns Red Lobster, Olive Garden, Longhorn Steak and a bunch of other chains 2100 restaurants total) had 90.10 million in cash so far this year and revenues of 8.55B with a profit margin of 4.82% as of 5/26/13

YUM (Burger King)has 500 million cash on hand revenues of 13.15 B as of 6/29/13 a profit margin of 10.84% and 500 million in cash.

So these companies can afford to pay more than the minimum wage and they would make more if they paid their workers more who would go to other restaurants and spend their money.

Corporate greed at its worst. I no longer eat at chain fast food restaurants only small locally owned ones who are not publicly owned by Wall Street. And all these companies have been doing stock buybacks to make their companies more attractive to Wall Street. Sick