McDonald's sales could be a bad sign for the economy - MoneyWise
McDonald's CEO speaks, plans to "reinvent" McDonald's
Pajama Boy says, "McDonald's has lost its way".
McDonald's sales could be a bad sign for the economy - MoneyWise
McDonald's CEO speaks, plans to "reinvent" McDonald's
Pajama Boy says, "McDonald's has lost its way".
4 comments:
Chris K Is pushing to drive the prices down as his hench men pressure the Owner/Operator Community to just run discounts. He is purposely taking the equity from the Owner Operators to obtain their restaurants at a cheap price and refranchise at a higher rent. NOA and NFLA maybe you should research is this legal? His SLT has pillaged G&A switching the costs to the Owner/Operators. His lack of leadership has pushed talent to the competition, destroyed the experience of the system and now he thinks his Proctor Gamble experience and his McKinsey Group consulting can reinvent our brand. Sorry he has not the talent to do this. Shareholders when he tells you the first quarter was all about weather look at the 4th quarter and see that was before the weather. His inability to connect with all three legs of the stool hopefully will be seen as his lack of talent and send him off with his golden parachute. Running the same plan for the last five or six years demonstrates the inability for the system to succeed under his lame leadership.
The NOA has looked into the legality of the corporation buying stores back
and refranchising at higher rents. Unfortunately, they are legal, allowed by your franchise agreement.
Whoa! The franchise agreement doesn't define legal behavior. According to the McDonald's franchise agreement, the company can do anything to its franchisees. It's the performance by both parties that determines whether it's legal.
If the company is buying you out and you sit down with an attorney the day before the closing, and they review your franchise agreement, their answer will be "yes, they can do that". However, if an Owner/Operator is armed with a history and documentation, there might be a different discussion.
Operators might do a search on "contract law" and "good faith and fair dealing".
Anonymous says, "The NOA has looked into the legality." ... First of all, I don't believe that happened, but it reminds me of the old NOAB. Several times, when they had a legal question, they would go to the corporate legal department for a ruling. That's like asking mommy if you can have another cookie.
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CK should have never been allowed to be CEO AND Board Chairman
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