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Thu Jan 29, 2015, 06:18 AM

McDonald's CEO steps down as sales decline

NEW YORK McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image.

The company said Thompson, who has been CEO for two-and-a-half years, will be replaced by Steve Easterbrook, a company veteran who rejoined McDonald's as its chief brand officer in 2013.

McDonald's Corp., which has more than 36,000 locations around the world, is struggling amid intensifying competition and changing attitudes about food. Customer traffic at established locations in the U.S. fell 4.1 percent last year, following a 1.6 percent decline in 2013. It's also trying to recover after a supplier scandal in China that damaged its reputation.

On Wednesday, McDonald's said Thompson will retire March 1 after nearly 25 years with the company. Thompson, 51, was the first African-American to head the company since it was founded in 1955.

http://www.stltoday.com/business/local/mcdonald-s-ceo-steps-down-as-sales-decline/article_38397ef8-ef60-5e14-8f9c-7465ba9589e8.html

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Reply McDonald's CEO steps down as sales decline (Original post)
Sherman A1 Jan 2015 OP
underpants Jan 2015 #1
merrily Jan 2015 #3
unhappycamper Jan 2015 #2

Response to Sherman A1 (Original post)

Thu Jan 29, 2015, 08:03 AM

1. Dude, you lost your job at McDonald's?!?!?

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Response to underpants (Reply #1)

Thu Jan 29, 2015, 09:15 AM

3. That's why God made great compensation, perks, plus "Golden Parachutes"

(no relative at all to "golden showers" for executives of big corporations. So that losing their jobs would not be the same tragedy for them as it would be for the people who flip the burgers.

Well, maybe that wasn't God who did that.

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