$4.7 Million for Clueless Chris? Criminal !Try $15mm for Stock price Steve! https://www1.salary.com/Stephen-Easterbrook-Salary-Bonus-Stock-Options-for-MCDONALDS-CORP.html
NOA started out critical of Chris and all his flaws. Now in the last email they are saying he should be thanked. Is NOA going to be swallowed up by corporate? Seems that way. $4.7 million is upsetting to say the LEAST. MMGA
The new NOA board has sold out. Theres a saying you can catch more flies with sugar, than vinegar. However, theres so many flies in this ointment .. whats needed is a fly swatter. Was hopeful, now most operators no longer plan to renew dues.. let alone visit Dallas for the meeting.No discussions on improving ooerator cashflow.. NOA got satisified with mediocre success with BBV.. not going away.. just delayed.
Interesting to read that the above believe the NOA has sold out. For those that have been an NOA member since the beginning the opposite is true, the NOA has never been about Chris and a legal battle with the corporation, it was about changing the trajectory of BBV2020 and the punitive nature of the relationship. So what has been accomplished by NOA? First a complete reorganization of the operator leadership into effective and truly functional teams that are not spokespeople for the corporate leadership as existed in the past. The NFLA leadership has taken the task to heart and has demanded change, need you be reminded that there is a new UBER economic model, value has been redefined and brought back to local, GMA is no longer being shoved down our throats only to mention some of the bigger accomplishments by the NFLA. None of this would have been possible without the NOA. The NOA allowed for these changes to take place by energizing a new operator leadership team to look at the business like never before. Make no mistake most all of the the NFLA leadership are NOA members and believe in the role that the NOA has as an independent advocacy group for the operators. If you have any doubt ask a NFLA member in your area about the expansive work streams that are being pursued by the teams to MMGA. The power of the NOA is a common voice for all operators to work with operator leadership and the company to create change, when that currently decent working relationship stalls the NOA will be there to again push for change.
Glad to know Blake follows this blog ^
Blake is our hero.
Maybe, NOA, but I'm still losing free cash flow and wasting it on things like kiosks that are only touched by employees wiping dust off them. There is just one clear and obvious example of my money getting wasted, my debt covenants getting challenged while we keep wasting more on hair brained pajama boy notions about what people "should" want, like salads and vegan fake burgers instead of meat and fries.
To hear MCD suits call it, "Operator cash flow is up substantially"
It is just a matter of time before this company is sold to a hedge fund or some other large businesses. Sliced and diced as the franchisees are eaten up by the inability to keep up with the giant, self-inflicted, expenses such as new rents/royalties and constant reinvestments. Then most stores will be owned by a couple large institutions. Modern and progressive. In my opinion any person that works for the company should be viewed as an enemy. They are at the very least enablers to a soulless corporate zombies. If you think you are going to beat the system...you probably need to change your strategy. Start playing “Not to Lose”. There is a difference. We are not going to win...keep running the best operations, but drag your feet about reinvestments, close your stores on holidays, don’t do 24 hours unless it really makes YOU money, keep corporate meetings in the stores to an absolute minimum (we all know the time and money these meetings cost us), don’t volunteer for committees, don’t travel to meetings unless you have too etc. As a wise person once told me....get in, make as much money as you possibly can and then get the heck out!!
"get in, make as much money as you possibly can and then get the heck out!!" Heck, that's what the top corporate guys are doing.
MCD will be taken private after extorting owners to renovate all of the restaurants, litigate legacy owners out, consolidate the franchisee base. And cash out big. The only thing that could derail this plan is a recession where the billions needed to take MCD private become too expensive to borrow because interest rates go up. Why not borrow the billions if loans are cheap? You use the rents and royalties as a pledge to secure the loans. O/Os pay the loan back while the new owners rake off special dividends and management fees to recapture the down payment money. If the whole thing collapses, who cares? You got back your investment with a fat return and the restaurants are left with the huge debt for the next management teamRead The Butout of America by Josh Kosman. The roadmap is right there. Required reading for franchise owners. It's like a legitimate fortune teller.
I'm not too sure all that applies to a company with a market cap of nearly $160 Billion. While I haven't read it, that book was published in late 2010. The author predicted an economic collapse to come in five years which would have put it right in the middle of the last presidential campaign. While the economy wasn't thriving as it is today it wasn't near collapsing. If the election had gone the wrong way we might have seen a collapse in 2017..
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