Restaurant industry
In a major shake-up, McDonald's Corporation has named Jack M. Greenberg, a financial executive with 16 years of service at the company, as its new chief executive. Greenberg, previously head of the company's U.S. operations, has been tasked with improving the quality of food, ambiance,
Restaurant industry
As the world's largest fast-food chain, McDonald's, faces intensified domestic competition, it has made a significant change in leadership. Jack M. Greenberg, the company's chief financial officer since 1982, has taken over as chief executive, replacing Michael Quinlan. Quinlan, who served as the third
Restaurant industry
As the world's largest fast-food chain, McDonald's is facing tough competition in the domestic market. In a move to stay ahead, the company has replaced its chief executive. Jack M. Greenberg, 55, has taken over as domestic chief executive, replacing Michael Quinlan, who will remain chairman
Restaurants
19-year-old Bryan Drapp, a McDonald's worker from Macedonia, Ohio, led a walkout with five colleagues last Sunday, marking the first strike against a McDonald's in the United States. The young workers, mostly teenagers on spring break, are demanding better treatment, including more respect from managers and
Restaurants
Taxpayers like Francisco Perez, who filed his 1997 federal income tax return at a McDonald's restaurant in north Fresno, benefited from the IRS's customer service initiative. The IRS, along with the U.S. Postal Service and the restaurant's owner, John Aranjo, worked together to
Restaurants
Lee Iacocca, the renowned auto industry expert, has been named acting chairman of Koo Koo Roo Inc., a move that has sent the company's shares skyrocketing. Iacocca's appointment comes as the chicken-restaurant chain struggles to make a profit in the competitive home meal-replacement segment. The company&
Restaurants
Deep within Hartsfield International Airport, Dobbs International Services Inc.'s massive food-preparation facility operates like a well-oiled machine, producing over 200,000 meals each week for Delta's domestic flights. The factory's never-ending cycle is a testament to its sheer scale, with more than 700 employees
Restaurants
President Clinton's recent tour of southern Africa highlighted the region's growing economic importance, attracting US companies like Motorola and Sara Lee to invest in the area. The region's GDP is substantial, with South Africa being the largest economy in sub-Saharan Africa, boasting a gross
Restaurants
After nearly three years of dispute, a proposal to build a combination Shell gas station and McDonald's restaurant at the southwest corner of Arlington Heights Road and Route 83 has been approved by the Buffalo Grove village board. In a 5-1 vote, the board overcame concerns from neighbors
Restaurant industry
George Fisher, CEO of Eastman Kodak Co., emphasized the importance of penalizing management in bad years, following the company's billion-dollar overhaul that eliminated 16,600 jobs. Kodak's financial struggles stemmed from Japanese rival Fuji's price slashing on color-film in the US and losses from
Restaurant industry
May & Speh Inc., a Downers Grove-based provider of outsourced information technology services, has received a stable outlook and corporate credit rating from Standard & Poor's. Despite its modest size, high debt leverage, and aggressive acquisition policy, S&P has assigned a single B+ corporate credit rating
Restaurants
Warren Buffett's legendary investment firm, Berkshire Hathaway Inc., has released its annual report, detailing a diversified investment portfolio that continues to deliver high returns for its shareholders. Since Buffett took control in 1964, Berkshire Hathaway has averaged annual returns of nearly 25 percent for those who invested in
