Honestly, you can’t make this stuff up:
McDonald’s developed a complex scheme to keep country-club fees it paid for executive Tim Fenton out of the fast-food giant’s 2007 proxy statement, according to the civil complaint, filed in federal court in Illinois in late March by Lisa Bridges, who formerly worked for McDonald’s as a senior director of executive compensation.
The fees were $2,940.80. Fenton made more than $3.5 million in total compensation during 2006.
The suit, brought under the whistle-blower protection provision of the post-Enron Sarbanes-Oxley Act, claims McDonald’s discriminated against Bridges by firing her when she objected to the company’s alleged scheme.
It’s not just the pay and the bonuses. It’s the perks.
No wonder executives start to think of themselves as somehow anointed, rather than appointed.