"Mr. Narasimhan, who officially stepped in the CEO role on March 20, has for months immersed himself in the operations of the world’s largest coffee chain, including spending time as a barista at different cafes, he said."
March 23, 2023
March 22, 2023
March 21, 2023
ESG Battle Begins
Congress passes bill limiting ESG's influence
Biden vetoes the bill because it limits his "green" agenda.
Governors form alliance cracking down on government investments that involve ESG.
March 20, 2023
March 18, 2023
.gif)
March 16, 2023
New Development Officer for McDonald's
This press release is significant because it's unusual for McDonald's to make such a big deal out of hiring an executive from another chain. I don't see everything that Owner/Operators receive but I do see the public announcements. If I recall correctly this is the first time the company has distributed such a complete and nicely produced CV. That's very flattering for a new executive and on first read her experience is impressive.
But, does that experience apply to McDonald's? Both Chipotle and Panera operate about 4,000 locations each. There's plenty of room for both chains to add hundreds if not a thousand new locations in the USA. Finding those new locations should be a no-brainer. In a sense, the two chains are where McDonald's was in the '70s and '80s.
Today, McDonald's USA is in the business of filling holes in an already saturated marketplace. Sure there will always be population shifts and marketplace changes but they'll appear in small numbers. Does anyone at McDonald's Corp have any experience with cannibalization?
It's curious that management approaches the topic of growth as if McDonald's is on par with the smaller chains. At least that's how they want investors to think.
March 15, 2023
Link to Uncle Sam
The link to make an FTC comment is a little harder to find than it should be, but that's government (don't get me started).
In the right-hand corner of the press release is a clickable link to the comment section
Looks like this: Submit a Comment on Franchise
That should take you to a page with a dark blue bar in the middle. Click on that bar.
That should take you to a page with three tabs at the top, click on the tab that says "Browse Documents". That should give you a page with a small button in the center of the page that says, "Comment".
So, to get you started here's the press release again:
https://www.ftc.gov/news-events/news/press-releases/2023/03/ftc-seeks-public-comment-franchisors-exerting-control-over-franchisees-workers
March 14, 2023
March 13, 2023
“Silicon Valley Bank Was in Many Ways a Climate Bank”
There it is!
The bank, the largest to fail since 2008, worked with more than 1,550 technology firms that are creating solar, hydrogen and battery storage projects. According to its website, the bank issued them billions in loans.
Silicon Valley Bank Collapse Threatens Climate Start-Ups
Don't Forget Franchising
With everything else happening be sure to check back on one of our more important topics. Don't let this get lost in the shuffle. There is some really great discussion and writing at:
How Do Your Bankers Use Their Time?
For comic relief, here’s a list of “cross-function working groups” from SVB’s 2022 ESG report:
- Sustainable Finance Group: Develops strategy and monitors progress against SVB’s Climate Commitment
• Investments Group: Reviews updates from our businesses on sustainability and investing-related initiatives and client engagement
• Climate Risk Group: Recommends, monitors and supports implementation of climate risks
• Operational Climate Group: Monitors implementation of operational greenhouse gas reduction initiatives
• ESG Communications and Disclosures Group: Recommends ESG disclosure strategy
• Risk Group: Develops, monitors and supports implementation of ESG risk strategy and policy
• DEI Governance Group: Oversees and manages DEI disclosures and response to external inquiries
• Green Team: Focuses on internal sustainability interests and activities
March 12, 2023
Too Green to Fail
Late Sunday night and there is a lot of chatter on Twitter about the chances that many of the problems at SVB are connected to SVB's involvement with risky green and politically correct ventures. Will there be more taxpayer money spent to bail out investors looney enough to invest in such junk?
ESG/DEI ... Where Are The Adults?
Here's hoping everyone reading this does business with a strong, stable bank(s). But the lessons learned from SVB's failure should apply to all our banking, investments, and business decisions. If there's an economic downturn coming its causes are one part lousy decisions made in the White House and one part corporate distractions caused by silly things like ESG/DEI.
March 11, 2023
Federal Trade Commission Seeks Comments on Franchising
Here's an opportunity to comment to the Feds:
On franchisors exerting control over franchisees - FTC press release
March 9, 2023
Getting McLit
The Bigger They Are - Part Two
"Meridian operates restaurants in Utah, Montana, Wyoming, Minnesota, Nebraska, Kansas, Arizona, North and South Dakota."
Large (118 stores) Burger King operator files for bankruptcy - Restaurantbusiness.com
March 8, 2023
Another Interesting PragerU Video
The future of our food depends on fossil fuels, ie: fertilizer
Not enough fertilizer = not enough food
These PragerU videos are smart because they are only 5 to 7 minutes long. Yes, they ask for a donation but that's up to the viewer.
March 7, 2023
Those Are Some Surprised Customers!
Drive-Thru canopy falls on several cars (Tracey CA)
I learned early in my home-building career that slapping heavy Spanish tiles on a roof designed for asphalt or wood shingles can create problems. In a full-size home, the building becomes top-heavy and can be really exciting during an earthquake.
March 6, 2023
Lawsuits at Top Ten Franchises
Have you ever read though your Franchise Disclosure Document (FDD)? No? You're not alone.
Franchise Times has done some of the leg work for you. Here's a hint, you're supposed to receive a current FDD when you receive a new or rewritten franchise.
Beth reviews the lawsuit activity for the top ten brands:
Coming to an America Near You
Nitrogen 2000: The Dutch Farmers' Struggle - Trailer
Nitrogen 2000 is a 30-minute documentary being released in the winter of 2022 about the struggle of dutch cattle farmers to keep their land. The Dutch government is seeking to regulate them out of existence using the argument that their Nitrogen levels are too high. This short documentary covers the issues and speaks to the best-positioned people to explain the story. Please donate to the film: https://bigpicture.watch/product/fund... Here is an article by the director explaining the story: https://bigpicture.watch/why-are-dutch-farmers-protesting/
March 3, 2023
IFA Blasts Biden Choice for Labor Department Job
The onetime labor lawyer “will help fulfill our pledge to be the most pro-worker administration in history,” Vice President Kamala Harris said.
Julie Su has been a foe of business throughout her public service career
March 2, 2023
March 1, 2023
February 28, 2023
McCEO Addresses International Franchise Association
Mr. K and franchisors worried about legislation
Thanks to the anonymous commenter who stated, "The IFA is NOT a franchisee-friendly group."
The IFA is 60 years old and yet they only allowed franchisees to join about 20 years ago. The IFA will always come down on the side of the franchisors. They can't be ignored, but for franchisees, they can't really be trusted..
February 27, 2023
CEO Lip Service on Linkedin
https://www.linkedin.com/feed/update/urn:li:activity:7036075731784785920/
Chris Kempczinski
(He/Him)"Small businesses have the power to transform lives and communities – and McDonald’s franchisees epitomize that statement. Our franchisees not only provide delicious food to customers each day, they are relied upon by the communities in which they serve. We know that when franchisors and franchisees succeed, communities succeed. Local suppliers succeed. Families succeed. Our economy succeeds. If franchise businesses were to go away, so too would opportunities for wealth generation for tens of thousands of underrepresented entrepreneurs, millions of jobs, and billions in GDP. I recently spoke to a group of franchisees at the International Franchise Association about why we are so passionate about the economic multiplier effect of franchising, and I’d encourage you to read my perspective. #IFA2023"
Unions Won't Give Up on Joint Employer
Not content to wait for AB257 California dems are moving forward with AB1228
Monday Tweet from Jonathan Maze
"Our business model is under attack." McDonald's CEO Chris Kempczinski taking aim at joint employer efforts and California's Fast Act.
"We've got bad policy coming out of California. We've got to be ready." $MCD