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April 24, 2020

Trouble in Chicagoland?

Shareholder group wants McDonald's chairman ousted
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20 comments:

Anonymous said...

LOL serves them right! Chicago can’t be a fun place to be right now for these idiots killing the brand! Fire them all!

Anonymous said...

That's the way it is sell your shares if you don't like it; just as we were told sell our restaurants if didn't like it.

Anonymous said...

Fire HERNADEZ, Chris K and Joe E too.

Anonymous said...

HERNANDEZ is a crook. His security company had a sweetheart contract for the convention which was two times the next closest bid. Guess who won?

Anonymous said...

This would not have happened if a OPERATOR was on the board

Anonymous said...

CAN ANY SENTIENT OPERATOR NOT NOW SEE THE VALUE OF JOINING THE NOA? We stand together or we hang alone! Dt

Anonymous said...

Gotta love Johnathan Maze. And especially Howard Penney!!!!!’

Anonymous said...

Wonder how this will affect the STOCK??

Anonymous said...

Remember when we had a Real CEO? Man I miss Fred Turner.

Anonymous said...

Heres a great idea. BLAKE CASPER FOR MCD BOD

Richard Adams said...

Why would you want to throw away everything Blake and the NOA has accomplished in the past 18 months for a unless, powerless seat on the MCD board? IMHO

From February: http://www.fegroupblog.com/2020/02/an-owneroperator-as-mcd-director.html
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Anonymous said...

Being on the BOD as an Operator has “NO POWER” or True advantage. Being the Leader of the Association that has 75% of the operators, NOW that is REAL power. Think of this, if you recruit the Global folks as will. No Union or Collective Bargaining Unit would really want to be on the BOD, because that creates a Conflict of interest. Operators, You must learn how a fortune 50 board works. Unless you have a number of seats on the Board you are dead meat. Read about some of the Raiders of our time, like KKR, Carl Icahn, Bill Ackerman or T Bone Pickens, then you will understand what I am talking about.

Now what should the NOA do?
First, learn how to use the muscles that we we truly have. You do that by learning from other associations, they do not have to be in the restaurant business. But others have walked this road.

Second, What are the 3 basic things you are looking for from the Parent Org. Here are 3 examples (there could be as many as the stars).
- Every restaurant must be able to stand on it’s on when it comes to Profit. This does not mean the Operator can run it like a dog and get help. It does mean to have basic sales and Pro Forma numbers that everyone can agree on that will work for the area, that will work.
- We would like to have a 25% cut of each item sold in retail stores that are served in some way in our restaurants. Coffee beans, Mac Sauce or whatever. If we sell it, means we need to share it. This would exclude for example PlayDough play sets or Uniform look a likes. This money would go straight to the operator on a Monthly basis as (devoid of Rent & Service Fee) income.
- We Would like a change in the Formula that all future Rent is calculated and a 10 year hold on the Service Fee at 4%. The Formula should be indexed to the CPI.

This why to have an association, but if we do not know how to use our muscle or know what we want the association is worthless.

Anonymous said...

Cantalupo, Skinner, Bell.....the good old days!

Anonymous said...

"Above poster stated, correctly:"First, learn how to use the muscles that we we truly have. You do that by learning from other associations, they do not have to be in the restaurant business. But others have walked this road. "

This was obvious to the Jack in the Box franchisees so they followed other successful franchisee associations into CFA. What happened the very next year?

Anonymous said...

NOA should not want a seat on the board, but it should want to make the board serve owner/operators. It certainly is possible, but tactics need to change

https://ddifo.org/how-franchisees-fire-franchisor-ceos-and-boards/

Those same Dunkin guys forced a 50% share of Dunkin' Donuts products being sold in gorcery and c stores etc to be shared with them.

McCaffe products competing in grocery with restaurants that can only charge $1? Not so much. O/Os are apparently OK with this after spending many thousands of dollars to build McCafe,,then another $12,000 on new espresso ?

Anonymous said...

Can anyone explain what the FO are working on/supporting us on right now? I doubt we will get equal value in the future given shift to virtual coop meetings, fear of visiting Restaurants etc. the model has changed....and so should service fees!! #NOA!

Anonymous said...

Domino's doing well, better mobile app, better delivery platform, great ROI for franchisees many do better than the average McDonald's Franchisee.
https://www.wsj.com/articles/dominos-cfo-adopts-a-new-playbook-for-pandemic-11587771188

Anonymous said...

I'm curious, how many shares does this group represent. While it says the represent 200 billion in assets, I'm guessing they don't own enough to make a real difference. But I applaud the effort. (and think its solicitation will probably raise a decent amount of awareness)..... it looks like McDonald's may come to own some UK soccer team if they claw this money back.

Richard Adams said...

Which group is that?
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Anonymous said...

What do the franchisees of Dominis, Jack in the Box and Dunkin have in common (besides not being forced to sell dollar drinks in a pandemic)?