Red Robin investor resumes its push for control
.
February 27, 2020
February 26, 2020
February 25, 2020
Franchisees Dodging Bullets
In January the Department of Labor defined "Joint Employer" and now the NLRB has set
out a rule that franchisees are not joint employers. This should protect franchisors from excessive litigation and make it difficult, if not impossible, to unionize franchised businesses.
NLRB Issues New Joint Employer Rule Requiring Direct Control
.
out a rule that franchisees are not joint employers. This should protect franchisors from excessive litigation and make it difficult, if not impossible, to unionize franchised businesses.
NLRB Issues New Joint Employer Rule Requiring Direct Control
.
February 24, 2020
February 21, 2020
Mayor Pete Attacks McDonald's
Buttigieg said in a statement on Friday, "It’s critical that we support workers who are
coming together to fight for a union, fair wages and benefits, and an end to harassment
and discrimination.”
Buttigieg to join striking McDonald's workers next week
.
coming together to fight for a union, fair wages and benefits, and an end to harassment
and discrimination.”
How much will the McDonald's PAC send to Mayor Pete?
Buttigieg to join striking McDonald's workers next week
.
An Owner/Operator as MCD Director?
Occasionally an anonymous website visitor submits a comment about having a McDonald's Owner/Operator on the McDonald's Corporation Board of Directors.
At least one commentor recently stated that would be a waste of time. I agree completely,
it would be a waste of time, effort, and resources.
First, there's no mechanism to make it happen. Just because someone signs a McDonald's franchise agreement doesn't give them the right to help run McDonald's Corporation.
But most importantly, directors of a corporation are "insiders" who cannot discuss the board's business at anytime. When have we ever seen a board member of a public company discuss the company's plans under consideration? I'm sure the answer is never. We might see a carefully prepared public statement by the chairperson or CEO but not from a run-of-the-mill director.
You might have seen public statements by activist investors but those people are not directors, just big shareholders such as Bill Ackman was at one time.
Here's a hypothetical: It's year 202X and there's a McDonald's Owner/Operator on the McDonald's board of directors. Corporate earnings are in a slump and the board is discussing ways to increase revenues. One of the proposals is to raise the "service fee" charged to franchisees by a full one percent.
Can said Owner/Operator leave the meeting and launch a campaign among their fellow Owner/Operators to discourage the board from making such a move? Nope, they can't discuss it with anyone. And if the change moves forward their one vote wouldn't stop it.
And there are many other governance issues that would cause this one director seat to be ineffectual. After signing a stack of NDAs and other agreements this Owner/Operator would be completely neutered.
There are many ways Owner/Operators can influence the direction of McDonald's Corp. Spending years fighting a losing battle to force a franchisee onto the McDonald's board of directors is not one of them.
.
At least one commentor recently stated that would be a waste of time. I agree completely,
it would be a waste of time, effort, and resources.
First, there's no mechanism to make it happen. Just because someone signs a McDonald's franchise agreement doesn't give them the right to help run McDonald's Corporation.
But most importantly, directors of a corporation are "insiders" who cannot discuss the board's business at anytime. When have we ever seen a board member of a public company discuss the company's plans under consideration? I'm sure the answer is never. We might see a carefully prepared public statement by the chairperson or CEO but not from a run-of-the-mill director.
You might have seen public statements by activist investors but those people are not directors, just big shareholders such as Bill Ackman was at one time.
Here's a hypothetical: It's year 202X and there's a McDonald's Owner/Operator on the McDonald's board of directors. Corporate earnings are in a slump and the board is discussing ways to increase revenues. One of the proposals is to raise the "service fee" charged to franchisees by a full one percent.
Can said Owner/Operator leave the meeting and launch a campaign among their fellow Owner/Operators to discourage the board from making such a move? Nope, they can't discuss it with anyone. And if the change moves forward their one vote wouldn't stop it.
And there are many other governance issues that would cause this one director seat to be ineffectual. After signing a stack of NDAs and other agreements this Owner/Operator would be completely neutered.
There are many ways Owner/Operators can influence the direction of McDonald's Corp. Spending years fighting a losing battle to force a franchisee onto the McDonald's board of directors is not one of them.
.
February 20, 2020
February 19, 2020
Subway's Struggles
"Subway is planning to offer a buy one, get one offer for its footlong subs starting next
month. Customers who order a sub online or through the chain’s mobile app can get
another one for free.
month. Customers who order a sub online or through the chain’s mobile app can get
another one for free.
Yet franchisees, who operate all of Subway’s nearly 24,000 U.S. restaurants, have
pushed back against the offer."
Subway works to rebuild its business - Restaurant Businesspushed back against the offer."
.
February 18, 2020
February 15, 2020
This is What We've Been Saying About Fake Meat
This analyst is looking at nothing but Beyond Meat and is not considering any impact
on McDonald's sales or profits. They estimate McDonald's could sell 45-55 fake meat
patties a day. I'm sure that's possible after OPNAD spends millions of Owner/Operator
$$$ advertising the product but then it will drop back to 10-20 a day.
But Beyond Meat shareholders will benift greatly. Just how many of those shareholders
work for McDonald's Corp. is the question.
Beyond Meat Rises as Bernstein Gets Bullish on McDonald’s Potential
.
on McDonald's sales or profits. They estimate McDonald's could sell 45-55 fake meat
patties a day. I'm sure that's possible after OPNAD spends millions of Owner/Operator
$$$ advertising the product but then it will drop back to 10-20 a day.
But Beyond Meat shareholders will benift greatly. Just how many of those shareholders
work for McDonald's Corp. is the question.
Beyond Meat Rises as Bernstein Gets Bullish on McDonald’s Potential
.