McDonald: perform or perish!

A predicted increase in the debt level, a second quarter loss and a CFO retiring – that seems to be the menu at Mc- Donalds! This fall, the world’s largest restaurant company might witness an increase in its debt levels. In the balance sheets, the company has a total long-term debt amounting to $8.8 billion and $29.5 billion worth of total assets as on March 31 2007. As compared to last year’s net profits of $834.1 million, McD posted a net loss worth $711.7 million. As a result, while announcing its results, the company informed that Mathew Paull, the CFO is retiring. Paull might stay till the end of this year.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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