James Covert writing for The New York Post:
“Proxy advisory firm ISS … blasted lavish pay packages for the Mexican-food chain’s two CEOs, who together earned $58 million last year, capping a a three-year run in which they’ve pocketed a combined $300 million.”
$58 million in a year.
On top of that, Chipotle is raising your prices.
“Getting a steak burrito bowl? That’ll be 8.3 percent more in New York City. While you’re at it, be prepared to fork over 11.1 percent more for guacamole.”
So, the bosses get more.
And get to charge you more.
What do investors think?
Unless you sold Chipotle in February, you’re in pain.
Its stock is broken technically.
Bearish below its 50MA on a daily chart.
Any “long” investor in that “blue box” holds Chipotle stock at a loss.
CEO pay, aside.
Price hikes, aside.
I’m talking business.
And reputation management.
Chipotle’s chart is broken.
$110 off its high.
Chipotle, a Colorado business, needs Beano.
But want to invest?
Consult your advisor.