McDonald's squeezes out Heinz over new CEO pick

[proverbialwisdom]

9. Memorable snippets of related articles.

http://www.latimes.com/business/money/la-fi-mo-burger-king-mcdonalds-heinz-20131028,0,7156062.story#axzz2j2nWeMyC

Burger King beats forecasts as McDonald's drops Heinz
By Tiffany Hsu
October 28, 2013, 9:01 a.m.

Burger King stock was on the upswing Monday after the fast-food company said its profit surged nearly 33% in the third quarter, beating predictions from Wall Street.
The Miami-based company said its adjusted net income soared to $81.1 million, or 23 cents a share, from $61.1 million, or 17 cents a share, during the same period a year earlier.

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Rival McDonald’s was up too, rising less than a percentage point, or 48 cents, to $95.26 a share.

The Oak Brook, Ill.-based quick-serve behemoth confirmed this week that it is ditching its multi-decade arrangement with H.J. Heinz Co. to serve its ketchup.

The rationale: Heinz is now run by Bernardo Hees, current vice chairman and former chief executive of Burger King.

Hees transitioned to the helm of Heinz earlier this year after the company was purchased by Warren Buffett’s Berkshire Hathaway company and Burger King owner 3G Capital.

http://www.nytimes.com/2012/06/23/opinion/nocera-burger-king-the-cash-cow.html

Burger King, the Cash Cow
By JOE NOCERA
Published: June 22, 2012

FROM THE COMMENTS:

Financial engineering with genetically engineered food.....is this a great country, or what?
June 23, 2012 at 11:27 a.m.