McDonald’s CEO blames “broke customers” for the company’s problems . . .

[i]Photo above - Separated at birth? General Hux of Star Wars, vs McDonalds CEO Chris Kempczinski . . .[/i]

I don’t envy Chris Kempczinski, McDonald’s CEO. He’s struggling to explain why he earns $50,000 a day – 3 times what the typical fast-food worker makes in an entire year. Chris finally settled on a mass-broadcast Instagram video called "Tough Love with the McDonald's CEO". He stressed that "nobody cares about your career as much as you do," and told struggling workers to "make things happen." (see link below).

This almost sounds like a call for revolution, no?

Predictably, this idiotic rant didn’t play well with employees or customers. Maybe investors took heart in it?

And there are a lot of them (investors). McDonalds has a market cap of over $200 billion. Four times bigger than Ford. MCD share prices are up 80% over 3 years - how’s THAT for inflation? $26 billion in revenue, and a 32% profit margin. (see second link below)

And the CEO says “broke customers” are the reason the company isn’t doing better.

It’s not that they aren’t trying. In the 2024 election cycle, McDonalds spent $2 million on campaign contributions. Another $3 million on lobbying the same politicians. The company contributed both to Kamala’s campaign and Trump’s. Both to the Democrat and Republican national committees. Millions and millions. And McDonalds is blaming “broke customers”????

I'm calling on president Trump to launch a seal team strike on McDonalds CEO Chris Kempczinski’s mansion right away. Take him into custody. Blindfold and handcuff him. Fly him to New York City to face arraignment. Not sure yet what charges should apply. We’ll figure something out . . .

I’m just sayin’ . . .

McDonald’s CEO blames ‘broke’ customers as $200B giant defends price increases

McDonald's Corporation (MCD) Stock Price, News, Quote & History - Yahoo Finance

McDonald's Corp Profile: Summary • OpenSecrets

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hippyjoe1955 · 70-79, M

Well when the average McDonalds worker can successfully run an international company they too can earn that kind of money. Why do professional baseball players make so much more than the average 30 year old minor leaguer? Could it be talent?

SusanInFlorida · 31-35, F

@hippyjoe1955 the local minor league team near our house ran an advertising campaign to persuade homeowners to provide bedrooms to aspiring players at a low cost, "while they are aquiring skills". most of them are cut after a year or two, of course.

hippyjoe1955 · 70-79, M

@SusanInFlorida Sadly you are right. The elite players are elite for a reason. Many years ago I went to a triple A game and noticed one player was outstanding amongst all the others. He was just naturally gifted. All of the other players were much better than I could ever hope but this one player was obviously better than all the rest. At the end of the minor league season he was called up to the majors and made his first appearance in the World Series. His first at bat he hit a home run. There was a good reason he made more money than the other players.

ArishMell · 70-79, M

@hippyjoe1955 Probably: the best professional players are assets to their teams, though whether they really earn astronomical wages is another matter. On the other hand their peak is not many years.

hippyjoe1955 · 70-79, M

@ArishMell So long as the free market is setting the wages it is completely irrelevant as to how much they make. They won't be able to take it with them and they are not putting the money into their mattress so.... When the fans stop going to the games and stop buying the merchandise the wages will fall.

ArishMell · 70-79, M

@hippyjoe1955 Oh, I agree with that!

hippyjoe1955 · 70-79, M

@ArishMell I quit following any sports years ago but I see the local hockey arena is still full.

ArishMell · 70-79, M

@hippyjoe1955 I've never followed them but hear plenty about it on the News etc.

hippyjoe1955 · 70-79, M

@ArishMell I must admit that going to the college hockey games were a lot of fun. Not so much for the games but for the interactions with the other people in the stands. You could hear the noise a block away.

ArishMell · 70-79, M

@hippyjoe1955 Oh, yes, I can understand the social aspect.

hippyjoe1955 · 70-79, M

@ArishMell Great fun. No alcohol involved either. Just youthful exuberance.