The popular burger giant Shake Shack on Monday announced a 12.9% hike in its sales in second quarter results. The company credited its crinkle-cut french fries for boosting the sales.
The company officials said that they have expectations that within this year, the sales will increase by single digit percentage atleast in stores that run round the clock.
A few months back, Dan Price who is the CEO of Gravity Payments made an announcement regarding his plan of providing a salary of $70,000 to even the company's most junior employees. There were different reactions to the contentious policy. While many were positive about it, other reacted oppositely.
Verizon, the largest wireless operator in the US market, has followed other telecom operators by ending the subsidized mobile handsets when consumers sign up for two-year contract. Many consumers used to opt for low upfront payment and the telecom companies were binding them with two-year contract to recover the cost of the phone.
A new federal rule will compel public companies to disclose the ratio between their chief executives' annual compensation and median employee pay.
It is known that CEO of companies usually makes a lot more money as compared to their median employees. But the new rule will require the companies to reveal the actual gap between the salaries.