• 530 days Will The ECB Continue To Hike Rates?
  • 530 days Forbes: Aramco Remains Largest Company In The Middle East
  • 532 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 932 days Could Crypto Overtake Traditional Investment?
  • 937 days Americans Still Quitting Jobs At Record Pace
  • 939 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 942 days Is The Dollar Too Strong?
  • 942 days Big Tech Disappoints Investors on Earnings Calls
  • 943 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 945 days China Is Quietly Trying To Distance Itself From Russia
  • 945 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 949 days Crypto Investors Won Big In 2021
  • 949 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 950 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 952 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 953 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 956 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 957 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 957 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 959 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

McDonald's CEO on Minimum Wage and Expansion

McDonald's CEO Don Thompson, sat down with Bloomberg Television's Betty Liu this afternoon at Bloomberg's The Year Ahead: 2014 in Chicago and said:

  • "We're not a minimum wage employer today" and the opportunities we provide at McDonalds are much greater than many other places so, minimum wage is not a challenge

  • McDonalds pays more than minimum wage to store workers

  • Higher U.S minimum wage may increase inflation

 

On McDonald's expansion, Thompson said:

  • McDonald's is not close to having too many locations globally

  • There is room for new stores in McDonald's biggest markets, including the U.S. and France

  • The company is planning to open 1,500 locations worldwide this year and 1,600 in 2014

 

Courtesy of Bloomberg's The Year Ahead: 2014

 


Full story available at: http://bloom.bg/18TLw6P

More on Bloomberg's: The Year Ahead: 2014: http://buswk.co/1bTYk1k

 

Back to homepage

Leave a comment

Leave a comment