Tight labor budgets don’t extend to the Chipotle company’s executives. Shareholders voted to approve executive compensation at their annual meeting on May 13 this year, a reversal of last year’s no vote.
The company’s two chief executive officers, Steve Ells and Monty Moran, received over $57 million in total compensation last year, including company car costs of $45,913 for Ells and $32,220 for Moran, according to the company’s corporate filings with the Securities and Exchange Commission.
In comparison, Coca-Cola’s one CEO received $25 million, Wal-Mart’s received $19 million and McDonald’s received $7 million in total compensation last year, according to SEC filings.
Average total compensation for a Chipotle crew member, the most entry-level position, is $21,071 a year including meals and clothing, according to the company’s website. An hourly kitchen or service manager can expect to earn $27,650 a year.
Corporate filings show the company spent about as much on housing chief financial officer Jack Hartung ($36,499) and chief creative and development officer Mark Crumpacker ($38,696), as how much apprentice employees receive without benefits ($38,247). Last year Crumpacker received $5 million and Hartung received $10 million in total compensation, including $33,710 in “commuting expenses” to pay airfare, parking and ground transportation to travel between Chipotle’s Denver headquarters and Hartung’s home.
– Anna Boiko-Weyrauch