featuring historic footage of Andy Warhol slowly unwrapping and methodically eating a Whopper. The BK app topped the charts in Apple’s App Store during the campaign; throughout the Super Bowl, “Andy Warhol” was the most searched term on Google.
Schwartz became a 3G partner at 27. “The group believes in investing in young people and giving them opportunities,” he says. “I worked hard and proved that I really cared. More so than anything else, I put the business and the firm ahead of myself.” His wife tolerated the long hours, perhaps because, as a physician in residency, she worked late too.
Paying a 46% premium for the publicly traded shares, 3G acquired the chain for $4 billion, including debt. Schwartz then raised his hand to help run it. “I wanted to be part of this. And I didn’t want to just sit in an office and get monthly reports.” Warren Buffett is a fan, having put up $3 billion in equity to help finance the Hortons deal. So is Bill Ackman, whose Pershing Square hedge fund owns 5% of the stock; 3G owns 41%.
Recently, Schwartz was moved up to executive chairman, and longtime Burger King exec Jose Cil, 49, became CEO. “We take bets on people,” Cil says. “When they are ambitious and willing to work harder than anybody because they’re driven by something beyond a paycheck, they want to do something big.”
chloesorvino This time? Was there significant doubt? What about innovation?
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chloesorvino
chloesorvino Yeah they also used horse meat untill 2012
chloesorvino Let me guess more chemicals and fillers in the food.
chloesorvino Would it surprise anyone if Burger King was a front for a cocaine money laundering scheme?
chloesorvino Wow
chloesorvino But nobody goes to Burger King
chloesorvino info well noted forbes
chloesorvino Looks like a White House meal.
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: Reuters - 🏆 2. / 97 Read more »
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Source: Forbes - 🏆 394. / 53 Read more »
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Source: latimes - 🏆 11. / 82 Read more »
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Source: BuzzFeed - 🏆 730. / 51 Read more »