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Tag: McDonald's Corp

McDonald’s wins praise for firing its CEO but reignites scrutiny over worker complaints

Steve Easterbrook, CEO McDonald, poses with Ronald McDonald. Getty Images McDonald’s is garnering praise after deciding to fire its chief executive for having a relationship with an employee. But the decision is reigniting scrutiny of the company’s handling of sexual harassment incidents that involve restaurant workers. The Chicago-based company announced on Sunday that its board …

McDonald’s wins praise for firing its CEO but reignites scrutiny over worker complaintsRead More

It’s not just Boeing. More companies are splitting CEO and chairman roles

Dennis Muilenburg, chief executive officer of Boeing Co., listens during a Senate Commerce, Science and Transportation Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 29, 2019. Bloomberg | Bloomberg | Getty Images Boeing‘s board stripped CEO Dennis Muilenburg of his chairmanship on Oct. 11, as the company struggles with the aftermath of two crashes …

It’s not just Boeing. More companies are splitting CEO and chairman rolesRead More

Steve Easterbrook, McDonald’s former CEO, steps down from Walmart board

Former McDonald’s CEO Steve Easterbrook on Monday resigned from the board of Walmart, effective immediately, a Securities and Exchange Commission filing showed. Easterbrook’s decision to resign was not due to any disagreement with Walmart, the filing stated. He had been on Walmart’s board since 2018 and served on committees related to compensation, management development, strategic …

Steve Easterbrook, McDonald’s former CEO, steps down from Walmart boardRead More

McDonald’s chief people officer is leaving the company in the wake of its CEO’s departure

McDonald’s confirmed Monday that its Chief People Officer David Fairhurst has departed the company, effective immediately. Fairhurst’s departure follows the company’s announcement Sunday evening that the board fired CEO Steve Easterbrook for violating company policy by having a relationship with an employee. Nonfraternization policies typically do not allow relationships between managers and employees who directly …

McDonald’s chief people officer is leaving the company in the wake of its CEO’s departureRead More

‘My focus is entirely on growing this business’

Beyond Meat CEO Ethan Brown told CNBC on Tuesday that the alternative meat producer is concentrating on disrupting the food industry rather than partnering with the sector’s giants. “My focus is entirely on growing this business” to a $40 billion company in terms of revenue, Brown said on “Squawk Box” — as the company’s shares …

‘My focus is entirely on growing this business’Read More

Yum Brands (YUM) earnings Q3 2019 fall short of expectations

A customer rides his bike in front of a Taco Bell restaurant in Novato, California. Justin Sullivan | Getty Images Taco Bell’s parent company Yum Brands reported quarterly earnings on Wednesday that fell short of analysts’ expectations after its GrubHub investment weighed on profits. Yum’s two other chains, Pizza Hut and KFC, missed Wall Street’s …

Yum Brands (YUM) earnings Q3 2019 fall short of expectationsRead More

Chief marketers face a ‘final fight for survival’

Large corporates including McDonald’s, Uber and Johnson & Johnson no longer have chief marketing officers (CMOs) and the role risks becoming outdated next year, according to a new report. The digital age has meant that consumers have more ways of experiencing a company than ever: from the ads they see on their Instagram feed to …

Chief marketers face a ‘final fight for survival’Read More

Beyond Meat (BYND) earnings Q3 2019

Beyond Meat on Monday reported its first quarterly profit and topped analysts’ expectations for its fiscal third-quarter earnings and revenue. Despite the beat, shares of the company tanked as much as 15% in extended trading, before recouping about half of those losses. The stock, which has soared 321% since its initial public offering, closed Monday …

Beyond Meat (BYND) earnings Q3 2019Read More

An unintended consequence of meatless burger boom: Vegans lives got easier

Plant-based burgers weren’t created with vegans and vegetarians in mind. But they’re cheering for the trend anyway. In the United States, the percentage of vegans and vegetarians has remained relatively stagnant over the last 30 years, according to Gallup. A 2018 poll from the firm found that 5% of Americans identify as vegetarians and 3% …

An unintended consequence of meatless burger boom: Vegans lives got easierRead More

As Chipotle’s stock slides, analysts ask if its valuation has peaked

Shares of Chipotle Mexican Grill fell 5% on Wednesday, despite crushing earnings estimates and reporting its highest same-store sales growth in more than two years. Analysts are pointing to the stock’s high valuation. In the last year, Chipotle has soared 81% to $788 per share, giving it a market value of $22 billion. The average …

As Chipotle’s stock slides, analysts ask if its valuation has peakedRead More