(Jason Kempen for Getty Images/Craig F. Walker for the Denver Post) Steve Ells and Monty Moran. Chipotle's business is booming, a nd the burrito chain's co-CEOs are being paid handsomely for it.
Steve Ells and Monty Moran made $28.9 million and $28.2 million respectively last year, the company said in a filing on Friday.
The amounts represent a 15% pay increase for each executive from the previous year.
Ells also raked in another $41.6 million in 2014 by exercising previously awarded stock options.
The company's stock increased nearly 29% in 2014.
Shareholders have been putting pressure on Chipotle to reduce its generous compensation plan for Ells and Moran.
"At least four pay proposals are up for a vote at the company's annual meeting May 13, including one that shareholders sign off on equity compensation before awards are granted by directors," USA Today reports . "Chipotle's board is urging shareholders reject the proposals."
For comparison, Goldman Sachs CEO Lloyd Blankfein made about $23 million in 2013.
Chipotle pays workers an average of $8.57 an hour, according to Glassdoor, a wage higher than those of Taco Bell, Chick-fil-A, McDonald's, Wendy's, and Burger King.
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