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McDonalds CEO Retires Following Horrible Year: New Boss Seen Here Wearing At Least 37 Pieces Of Flair
Who could have possibly thought that after a year as horrible as the one McDonalds just had, when a month ago the company reported its worst US comp store sales in over a decade...
... with the rest of the world not doing much better...
That someone would be finally held accountable, namely the CEO and President, Don Thompson, who joined when the stock was $89 and who just "volunteered" to retire... as the stock closed at $89.
The new CEO Steve Easterbrook...
... is British, and clearly wears at least 37 pieces of flair.
From the press release
The Board of Directors of McDonald's Corporation today announced that Don Thompson will retire as President and Chief Executive Officer and as a member of the Board of Directors after nearly 25 years of service to the company, effective March 1. The Board has elected Steve Easterbrook to replace Thompson as President and CEO. Easterbrook was also elected to the Board of Directors, filling the vacancy created by Thompson.
"Steve is a strong and experienced executive who successfully led our UK and European business units and the Board is confident that he can effectively lead the Company to improved financial and operational performance," said Andrew McKenna, non-executive Chairman of the Board of Directors.
McKenna continued: "On behalf of the Board I sincerely thank Don for his valuable contributions and outstanding service throughout his career at McDonald's. We will be indebted for his passionate leadership, business acumen, dedication and system knowledge."
In announcing his retirement, Thompson said. "It's tough to say goodbye to the McFamily, but there is a time and season for everything. I am truly confident as I pass the reins over to Steve, that he will continue to move our business and brand forward."
"I am grateful to have had the opportunity to work with Don and congratulate him on his remarkable career at McDonald's," said Easterbrook. "I am honored to lead this great brand, and am committed to working with our franchisees, suppliers and employees to drive forward our strategic business priorities to better serve our customers."
Prior to this promotion, Easterbrook was Senior Executive Vice President and Chief Brand Officer, leading McDonald's efforts to elevate its marketing, advance menu innovation, and create an infrastructure for its digital initiatives. An accomplished, McDonald's veteran, Easterbrook previously served in key leadership roles across the company's global business, including president of McDonald's Europe.
In addition, Pete Bensen, Senior Executive Vice President and Chief Financial Officer, is promoted to the newly-created role of Chief Administrative Officer. In his new position reporting to Easterbrook, Bensen will oversee a number of functions supporting the company's operations. Kevin Ozan, who currently serves as Senior Vice President and Corporate Controller, will succeed Bensen and is promoted to Executive Vice President and Chief Financial Officer.
As CFO, Ozan will report to Bensen and will be responsible for managing the global financial organization and leading the development and execution of the company's fiscal strategies. Ozan brings broad financial experience and has held senior-level positions in the company's Finance, Investor Relations and Accounting departments with assignments in both the U.S. and European markets.
The McDonald's Board of Directors today elected Bensen and Ozan to their respective positions, which will also be effective March 1.
"McDonald's is an outstanding company with talented employees and these management changes are aimed at speeding the company's movement to its next phase of innovation and growth, said McKenna. "The Board will continue to be actively engaged with the leadership team to drive McDonald's future success throughout this transition."
Activist investors everywhere rejoice as this means a whole lot more robot hamburger flippers are coming to replace millions of minimum wage paying jobs, and the proceeds can used for much more critical purposes, such as McStockbuybacks.
Meet the Robot That Makes 360 Gourmet Burgers Per Hour
No human hand touched this hamburger. It was made entirely by robots
.
One robot, rather—a 24 square foot gourmet-hamburger-flipping behemoth built by Momentum Machines. It looks like this:
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He's lovin it.
they'll bring him back next year on the .99 menu
In the clown suit.
Eventually, those fancy machines will be used to process the dead into McSoylent Burgers.
Is that similar to the McDisgusting Burger?
McDeadmeat
McSheepKillers
...As he walks into the Caribbean sunset with probably $50 Million in severance and "Deferred compensation". Don't cry too many tears for him, the trick these days is to get fired. It's less work and a quick way to a comfortable retirement.
I live in a rainforest mountain area in which mdconalds started a new restaurant to the overwhelming opposition of the locals. The locals raised over 100 000 signatures on a petition. the local council was on the side of the locals, but the Courts sided with MCD and allowed it to proceed construction. The locals pooled their money to take it to the courts with no real prospect of the courts awarding the costs to McD's
the locals then protested every single day for 18 months at the construction site. It cost McD thousands in court costs and thousands more in construction costs as the council made them ensure every single requirement was met, and they spent possibly up to a million $ in security guards in case of sabotage from the protesters
the place is open now, but you drive past and its nearly empty. You ask a schoolkid in the area 'you like mcdonalds?' and they almost universally make it a point of pride and local identity to reject McD's.
The thing is, McD was totally fucking bloody minded in progressing with the development in the face of such overwhelming democratic opposition. they persisted as a show of power, so suck shit to them that its cost them so much - and will continue to bleed them.
I have no problem with McD in localities where its welcome. But they can die impaled on a fetid bargepole for bullying our community
We honk the protesters, who remain there every day to this day, when we pass in solidarity.
I'm not entirely clear why it is any of your business whether someone builds a Mcdonalds. Maybe 80% of the people don't want one but if 20% of the people do you should mind your own business and let people eat what they want. The food sucks but throwing a hissy fit because someone wanted to build a business on their own property to serve food to other people is blatantly immoral. It isn't something I would be proud of.
You are the clear bully here.
Management has sucked the last 5-6 years and service has plunged and very little was done about it. Some people behind the counters have been more then rude, almost insulting at times. That may work in downtown LA but in a Middle Class relatively non-diverse neighborhood, it does not go down well. Huge change in leadership there may save McDs but I'm not sure at this point.
No problem, the burger-flipping robots and self-ordering machines will be less impolite?
His name was Ronald McDonald
Now if your community did the same for every Starbucks, Olive Garden, Walmart, Home Depot, etc. that tried to come in, it might be a nice place to live.
Maybe you should let them build the restaurant so your community has some more jobs. You seem light on them since the locals have the time on their hands to waste the last 548 consecutive days protesting the inevitable.
Just because someone builds a store doesn't mean you have to patronize it. Hell, after it folded due to poor sales, you could turn the empty building into the local Socialist headquarters. Maybe rent out the shithouse for Greenpeace activities.
more jobs?
you, sir, have no idea what you are talking about. There are jobs and businesses in the area that easily get destroyed by the appearance of a maccas. road hazards from the crammed drive-through design. polution where there wasnt before. Thankfully our locals are woken up enough to give their trade and produce to small local takeaway joints - and these are flourishing because of the community defiance
and then what? maccas gives jobs to some teenagers for a while, then replaces them with a robot, and the profits go overseas? think a little more before you type, who the real enemies are.
and like many on this site you might hate hippies - but i do know that when the shit hits the fan its these guys with strong community ties and independent lifestyles will be among the survivors - so long as they learn a thing or two from the preppers. And preppers are often more distrustful and solitary, and can learn a thing or two about small community integration from the hippies.
you know, the right wing preppers have more in common with the dreadlocked lefties than you think. And when civilization crashes, you/they will realise this. Politics is a circle made by the tip of each wing.
so scuse me, but fuck the 'inevitability' of maccas and other big business doing what they want
and the locals take shifts to keep the protest alive, because they do have lives.
Yes. Progress is bad. Big companies are bad. Subsistence living in small communities is the way of the future. Power to the proletariat.
BTW, how are you getting these words on this webpage? Smoke signals? Maybe you hammering out letters on your manual Underwood typewriter and telegraphing them to Tyler to post? From reading your screed, I know you are not using any form of modern technology like a computer that was build by a nasty multinational corporation that exploits its workforce to manufacture it. You know in some cases these evil companies use ROBOTS!!!! to build them. The horror.
dont be such a judjemental jerk. Im not arguing black and white. my post above clearly stated i was ok with McDs WHERE ITS WELCOME. I in no passage suggested i was a luddite or that big business must be destroyed and resisted everywhere. forgive me for suggesting that powerful entities should have some limits, checks and balances.
fucking hell, isnt the failure to ensure that what destroyed america and cut it so far adrift from the vision of its founding fathers? You on the Fed payroll?
I'd try putting a McGefilte Burger on the menu & see how that does...
Meanwhile the petfood market is still expanding... perhaps it's time to diversify into McDogfood?
You mean they didn't already??
I'd rather eat a slice of ass than a McBarf.
BTW, awesome fuckin response !
Thats ok.
I'll be over at White Castle.
+100 Best comment on this thread.
Or, perhaps a genetically engineered pig with spines called a porcuswine would become the new meat for the burgers and the company would change its name to McSwineys. It'd probably be as kosh as bacon.
Bot burger now, solyet green tomorrow
Blacks ruin everything they touch. Another affirmative action failure. 365Black baby!
petty people who have nothing better to do than to try to put down other people because they are insecure about themselves, ruin everything they touch.
or, you could just be a plant. nothing better than to get people thinking in terms of races, religious or political affiliations, etc, to distract them from the real problems that threaten us and the oligarchs who cause those problems.
Well, my money is NOT on the guacamole burger with whatever kind of meat that is on whatever kind of bun that is. No wonder he was fired....
Meat?
McDonalds is now listed as a forestry products based company...
http://www.ibtimes.com/mcdonalds-burger-king-taco-bell-more-have-wood-pu...
He's lovin it.
soon to be shovin it.
I'll bet he is! He's still young and can go on to join and plunder other boards.
http://en.wikipedia.org/wiki/Don_Thompson_(executive)
2.5 years earlier.
http://www.blackenterprise.com/career/don-thompson-named-ceo-of-mcdonalds/
http://www.mcdonalds.com/365black/en/home.html
You know when Mcdonalds is having trouble things aren't looking good.
Ray Croc was a really nice guy. I met his wife Joan in her later years.
She was a very nice woman.
Wasn't Kroc like 60 years old before he hit it big? Probably humbled by that point in his life
Yes he was . The guy was humble but driven. A very nice man.
I find it ironic how the BLS judges productivity by age! Haa Haa.
You're as productive as you choose to be! Period.
wonder what the age is for all lthose really productive FSA peeps with their EBT cards, food stamps, obammyfones, and medicaid.
We will have to cleanse our land of the FSA sooner or later, with much violence. Good times coming.
"our" land?
fuck off, you collectivist little twat.
the FSA does not need to be "cleansed", nazi scumbag. get government out of the picture, stop creating mal-incentives to avoid work and freeload, and the problem stops right there.
sorry to be a wet blanket on your masturbatory mass-murdering depopulating eugenics NWO agenda fantasy, but there is a better solution.
Dude's still going to have a huge package.
Hee hee hee...
The Jokes are great. They fit the times.
I wouldn't eat a Mc Donalds.
I knew the founder, and he was just the same as you and me!
A normal guy, with a vision.
He got a huge severance, 50 billion McNuggets.
You want fries with that?
Free soda refills for lifetime is part of the package.
Hows about a H.A.T. with that?
(Hot Apple Turnover)
Why does my burger always look more like a New England football?
Is that thing burnt?
Is it even a hamburger?
"That'll still cost you fifty bucks" says the computer.
The automation of browning a bun...a "toaster" if you will, has proven to be one the design teams' greatest challenges.
I like toast burnt like that, especially with peanut butter. I'd eat that burger if it was made by a human. The human can correct things like bugs in the ingrediants. The machine can't be reasoned with.
I'm lovin it.
His retirement should have been paid in a lifetime supply of McDonalds GMO lab created frankenfood.
He'd last about another year that way. Maybe. More than he deserves for pushing poison.
McDonald's is bigbiotech creating gmo food now huh?
Science!
don't worry about thompson, he got plenty.
Ray's vision wasn't Chinese "mechanical robots" serving burgers.
His wife could have chosen any massive hi-rise in downtown San Diego to run the empire from.
Instead she was very conservative, and respectful after Ray's death.
They should put Ronald McDonald in the CEO role if he's done at the FED
Ray Croc would have fired all those SOB's with severance certificates.
Look, I'm just sharing some time with a nice person. Billionaires aren't monsters.
The people they hire are. Wealthy people hire layers of people(assholes) to protect them.
If you want to be wealthy, use your head, and come up with a good idea.
Money doesn't make Gods.
Their food used to be pretty good back in the day, and I'm not joking. I'm 53 and remember when it was a "treat" to get to go to McDonalds for a Big Mac (which were ALL freshly made btw) fries and a shake. Price was around $2 bucks tops....for everything.
it's still under $2 for everying...if we are counting silver dollars
Que Al $harpton whining about black CEO being kicked to the curb so YT can do the big takeover.
And boycott dem Golden Arches (which is some Tribe thingie) so 'his people' and go eat shit somewhere else.
.... the divisive alcrapton needs to have its skin sandpapered off and buried in salt..... oops, das raysis.....
Is this a trend for all fast food burger companies or just McDonalds? If McDonalds and Walmart are trending downward, it would seem that the economy is either getting a lot better or a lot worse.
And The Fed Says...............
Sooooo much better.
Macshit - you will die young
Times have changed for sure. The product is garbage now.
this is a kroc of shit
Do you remember a company called, Bendix? The owner of that company had the most incredible stable of exotic cars, I've ever seen!
The point I'm making is, if you dedicate your life to your craft, you'll be noticed. If you want to be dictator, you'll probably get "put down" eventually.
The United States has a clown in charge. EOS
All McD'sneeds to do is add in more fat and grease into their fries and burgers and watch sales take off again. McD's has lost all its taste.
The last time I ate fast food about 5 years ago, I had a fish sandwich from Burger King and it had absolutely no flavor at all. Not the fish, not the lettuce, not the tartar sauce, just....nothing. That is the last time I'll ever eat that crap again. I don't miss it at all.
The last time I ate fast food about 5 years ago, I had a fish sandwich from Burger King and it had absolutely no flavor at all. Not the fish, not the lettuce, not the tartar sauce, just....nothing. That is the last time I'll ever eat that crap again. I don't miss it at all.
He's dumb as a box of rocks....never made any real decisions....a another figurehead sacrificed...
Raising the prices on the dollar menu during a depression was not wise.
Better to find a way to put stomachs on robots to sell the burgers because with no labour needed the human customers won't have any money.
The stupidity is amazing, isn't it? These tech-loving idiots are gonna 'disrupt' themselves right out of business.
Pink slime additive didn't work out. Soybean burgers are costing a fortune for R&D departments. Michelle Obama decides to create taxpayer funding for a New McAss Burger to regulate all schools in the United States of America. Don't forget the 52'nd State of Kenyan. His brother has a PO box. Delivered by a mystery bicyclist to known money drop in a grass drop hut. The broken Obama brother, is keeping unearned US taxpayer money hidden.
He lauaghs about being a Nigerian theive.
There isn't one food item on their menu I would want to purchase from them (apart from starving to death). I used to try their iced coffee, but I read that it was so full of chemicals that it wasn't worth drinking.
http://smallnotebook.org/2008/06/10/mcdonalds-iced-coffee-just-say-no/
They should just put the Hamburglar in charge. The Q&A on the earnings call would just be "robble robble".
Will the machine demand $15.00 an hour?
In maintenance costs. If they're lucky.
"Hold the pickles, hold the lettuce, special orders don't upset us." Does not compute, does not compute. Back in the day I always thought BK had a better meat made product.
I see a vacancy for an unemployed college graduate....tell this company how to spell "information" on it's ad's.
.. or not use apostrophes for its or ads.
lol, exactly!
here's a helpful diagram for newbies on when to use, and when to not use, apostrophes:
http://theoatmeal.com/comics/apostrophe
Awesome your food comes out on the floor just like McD's
Mac Sabbath "Pair-a-buns" https://www.youtube.com/watch?v=GiAO2-SH3Wc
Mcdonalds time has come and gone. I'll be glad when they are a grease spot and a memory.
Hopefully WalMart is next
MCD is old, stale. The new SHLD:
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=mcd&time=13&startdate=1%2F4%2F1999&enddate=1%2F28%2F2015&freq=2&compidx=aaaaa%3A0&comptemptext=shld&comp=shld&ma=1&maval=50&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15&x=40&y=9
Teens.
As the DC US slides into the Dante's economy, despite what Winston Smith may publish, McDonald's may have to change their CEO every year.
The banksters need to repay us.
Do they still have good coffee?
Yes, but Burger King coffee is just as good and cheaper.
and another thing....What makes Dunkin Donuts coffee so good that they sell it at Safeway? OR White Castle Burgers fer gawds sakes???!
Don Thompson spent all his time supporting Obama and Obamacare and not running the business. It is about time MCD board dumped Don.
If Obama can't run a country, why in the world did Mcdonald's board members think Don Thompson could do any better. After all, they are brothers so to speak.
My local McDonalds started offering the McBama burger. It looks good and seems appetizing but after you take a bite your wallet gets the screaming shits.
Some folks eat at McDonalds.
Is it possible that McD's decline in sales has to do with some of their customers dying off?
http://boingboing.net/2015/01/22/usa-mcdonalds-fries-have-14.html
A robotic McPink slime machine. Squirting out McPink slime burgers on the grill.
Genetically modified onions and Tomatoes so it's consistent the same size in a tube.
Franken-food extraordinaire.
Time for alcohol-free Goldschlager milkshakes.
Probably don't want to know what crap they throw in their shakes.
Who eats this shit?
"McD's decline in sales has to do with some of their customers dying off?"
Coordinated effort with the govenment to reduce Social Security and medicaid payments.
with McDonalds u have a modern version of the buggy whip !
this dead meat tank won't be able to change it's image soon enough either
That robot ought to be a big hit with those $15.00/hour burger flippers in Seattle. /sarc
Maybe test market the robot there? Seriously :)
I think McDonald's woes are just form the fact that many people are starting to wake up and are realizing that eating shit burgers is not the best choice for your health, not just in terms of their nutrition but all the additive shit that McDy's adds to mask the taste and make sure its the same everywhere. This is a shift in consumer sentiment that Mcshit's will find very hard to match. Maybe a great time to buy CDS on the company.
I don't understand why MCD keeps hiring all these CEOs who clearly don't eat the food on the regular basis. If it is serious about a turn around, stick an obese Quarter Pounder aficionado in the chair and you'll get some positive results.