Here is what you need to know. 1. McDonald's is set lose $3.4 billion in value after the CEO was fired over a relationship with a subordinate. Chris Kempczinski, who was previously serving as president, takes over from ousted CEO Steve Easterbrook effective immediately. 2. Global stocks are soaring on comments from US Commerce Secretary Wilbur Ross signaled a swift resolution to the US-China trade war. Carmaker stocks jumped on his comments that the US might do away with auto tariffs. 3.
Here is what you need to know. 1. McDonald's is set lose $3.4 billion in value after the CEO was fired over a relationship with a subordinate. Chris Kempczinski, who was previously serving as president, takes over from ousted CEO Steve Easterbrook effective immediately. 2. Global stocks are soaring on comments from US Commerce Secretary Wilbur Ross signaled a swift resolution to the US-China trade war. Carmaker stocks jumped on his comments that the US might do away with auto tariffs. 3.
A $3.4 billion policy violation! McDonald's will recover, but when the C-Suite is the problem, it's going to be a huge uphill battle that most companies wouldn't survive. Crisis Management Teams should definitely keep an eye on this one. It will be an incredible training tool.
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