Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 167
Technology

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Financing

Shareholder groups question differential treatment for McDonald’s former CEO

CtW Investment Group, California Public Employees Retirement System and others argue the company let Steve Easterbrook walk away with millions even as its former chief people officer was fired.

The burger chain, which avoided bankruptcy after its parent company repaid its debt, saw revenues decline while many stores remain closed.

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But the pandemic managed to keep pay packages for the industry in check and below average for public company chief executives.

Rising corn prices could lead to higher costs for chicken and beef in the near future, furthering supply chain challenges as labor costs continue to rise.

A Subway franchisee helps explain the challenge in finding workers, and the impact it is having on their business, says RB’s The Bottom Line.

The industry added 187,000 workers in April as sales soared, but the overall economy added a fraction of what many economists expected.

Domino’s and Papa John’s both believe they can keep growing sales even as comparisons get tough, and say they have advertising dollars to spend, says RB’s The Bottom Line.

The chain now expects to match last year’s numbers despite tough comparisons, while unit growth in the pizza chain accelerates.

Garrett Mills played in the NFL for six years. But his next play will be to take the casual dining barbecue chain national.

Shares in restaurant chains have taken off this year as sales recover across the board, and going public suddenly becomes an option again, says RB’s The Bottom Line.

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