The CEO building the McDonald’s of the future:McDonald’s boasts an immense global reach, feeding about 1% of the human population daily. But in the burger wars, it’s beginning to lose ground to cooler competitors with cult followings, including Shake Shack, Five Guys, and In-N-Out. Now, McDonald’s CEO Steve Easterbrook is giving the fast food giant a massive data makeover, but he’s being met with resistance. Will he succeed or is it too late for McDonald’s to adopt a Silicon Valley mentality?(Bloomberg) “In old-school business logic, the big eats the small. In the modern day, the fast eats the slow.”
McDonalds CEO McDonald's has a new CEO: Chris Kempczinski, previously the president of McDonald's USA (who is in turn being replaced by McDonald's international operated markets chief, Joe Erlinger.) Why is Steve Easterbrook out as CEO? He had a (consensual) relationship with an employee, which is strictly forbidden under company rules. Fortune
Peruvian McDonald's Every McDonald's restaurant in Peru closed its doors for two days in mourning after the death of two employees at a Lima branch. The teenagers, Alexandra Porras Inga and Gabriel Campos Zapata, were reportedly killed by a loose electrical cable. Arcos Dorados, McDonald's operating company in the country, said it shared "the sorrow and extreme pain of the affected families." BBC
Minimum wage Fran Marion, a McDonald's worker in Kansas City and a single mother with two teenagers, writes for Fortune about the need for a $15 minimum wage: "I get up every day and go to work for McDonald’s, one of the richest corporations on Earth, but my kids and I have had to deal with homelessness, lack of transportation, and lack of health care because my wages are so low." Fortune