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If that's true, why does the CEO's bonus check keep going up? That eats up profit too, but nobody appears to complain about that.
The CEO's job could be easily automated.
All they need is an AI with subroutines for layoffs and golf, and that's all is needed.
Of course, they NEVER talk about that. Only the working stiffs get their jobs automated.
The C- Suite is employed to increase share value. C- Suite compensation is tied to share value. If this C- Suite can’t increase share value they will be replaced by another C- Suite that is perceived as being able to do so.
McDonalds problem IS that it tried to reinvent itself as a Starbucksish trendy hipstery place. McCafe, redesigned locations, and of course much higher prices. They need to go back to basic, cheap food. No decor, exotic coffee and trendyness. Hipsters arent gonna eat there. Poor people will go to Burger King and Jack in the box as they are still reasonable. Its sick that it costs almost 10 dollars to eat at McDonalds now. They are a victim of some overpaid, overeducated, visionary who tried to rebrand them. In the past when they failed, they back pedaled. Think, McLean and ArchDeluxe.
The C- Suite is employed to increase share value. C- Suite compensation is tied to share value. If this C- Suite can’t increase share value they will be replaced by another C- Suite that is perceived as being able to do so.
So why not trim C- Suite bonuses before trimming jobs?
So why not trim C- Suite bonuses before trimming jobs?
Do you have the cost comparison worked out??? Because for a business to operate efficiently it needs to get rid of employees it doesn't need. The executives aren't there to be a charity or welfare for unneeded employees. Their jobs are to maximize profit and growth, not some dreamed up purpose you created. They don't report to you, they report to shareholders. Why don't you cut your pay by donating money to help poor African children?
You're lying. Three college degrees in business makes no sense at all, and people with degrees in business don't refer to it that way. They say I have a degree in "marketing" or "accounting" etc. Not "business." Business isn't even a major for one. It's a collection of majors like accounting and marketing. Also, no one would get 3 degrees "in business", and you wouldnt refer to it that way if it was something like a double major etc. That would make no sense because you only get one degree when you graduate. They don't give out 3 degrees in business.
All the above aside, a consultant with "3 degrees in business" would never make the statements you are making. Consulting is the last career I could see someone in who has the views and inaccuracies on businesses, management, and CEOs you have. In fact, consultants are probably the ones behind the McDonald's restructuring and layoffs. You shouldn't have shot so high with your lie and we might have believe you.
I have a Bachelors of Science in Business Management. What are you talking about?
This is a big mistake. Food is about offering choice and variety for customers, not warmed up sandwiches and robot burgers. McDonald's has been trying to streamline too much for too long and has forgotten that people actually matter in the catering industry. Stupid company is only going to find out the hard way.
Burger King tried "table service" years ago. It did not last long.
Give it a rest, Kokonutty. This poster can have a different opinion than you do. This is the internet. People will post things you don't agree with. KWIM?
It is not a matter of opinion, it is a matter of fact. Some people have a problem differentiating between the two. Others just make stuff up.
Do you have the cost comparison worked out??? Because for a business to operate efficiently it needs to get rid of employees it doesn't need. The executives aren't there to be a charity or welfare for unneeded employees. Their jobs are to maximize profit and growth, not some dreamed up purpose you created. They don't report to you, they report to shareholders. Why don't you cut your pay by donating money to help poor African children?
Wow I must have struck a nerve here. The part I don't like is they maximize profits by firing and contracting the business yet rake in money off of bonuses (that ultimately hurt profitability as well.) As for donating for African children, why not start at home with the homeless and hungry American children? Also I don't make a whole lot considering expenses to do so so I cannot really. I do do 50/50S at hockey games though.
Do you have the cost comparison worked out??? Because for a business to operate efficiently it needs to get rid of employees it doesn't need. The executives aren't there to be a charity or welfare for unneeded employees. Their jobs are to maximize profit and growth, not some dreamed up purpose you created. They don't report to you, they report to shareholders. Why don't you cut your pay by donating money to help poor African children?
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