McDonald’s CEO, Beto and Kamala

Grind for November 5th
FIRST SIP:
“If you think nobody cares if you’re alive, try missing a couple of car payments.”
– Earl Wilson



Dropping Like Flies

The Headline

Beto O’Rourke drops out; Kamala Harris pulls out of New Hampshire

The Grind

Presidential hopeful Kamala Harris has closed three of four campaign offices in New Hampshire, fired all non-volunteer staff in the state, and cancelled visits to the state planned for next week.

“Senator Harris and this team set out with one goal – to win the nomination and defeat Donald Trump in 2020,” said campaign spokesman Nate Evans. “To do so, the campaign has made a strategic decision to realign resources to go all-in on Iowa, resulting in office closures and staff realignments and reductions in New Hampshire.”

Some staffers in New Hampshire, California, and Nevada have been pulled to assist in Iowa, which will hold its caucus February 3rd. New Hampshire’s primary occurs on Feb. 11th, followed by Nevada on the 22nd and South Carolina on the 29th.

“Senator Harris will not visit New Hampshire on November 6th and 7th, but her name will still be placed on the primary ballot,” confirmed Evans.

Harris had planned to file for the New Hampshire ballot in person, an event that typically draws throngs of supporters and press. Rivals Bernie Sanders and Pete Buttigieg filed in person in New Hampshire last week.

The Details

Despite dismal polling averages of 3% in Iowa and 3.9% nationwide, Harris qualified for the December 19th primary debate in Los Angeles.

Unless she performs a miracle on the debate stage, I expect she will be the next candidate to drop out.

Beto O’Rourke dropped out of the race last week, having failed to build an organized campaign despite name recognition, initial fundraising success, and public encouragement from Obama.

His team briefly considered the possibility of public financing as funds dried up, but decided it wouldn’t be enough to maintain a campaign capable winning.

“We have to clearly see at this point that we do not have the means to pursue this campaign successfully,” said O’Rourke to a small group of supporters in Des Moines, Iowa.

O’Rourke described the experience of running for president as “transcendent” and “the honor of a lifetime,” but confirmed he would not “run for public office again if I’m not the nominee.”



Trouble In Paradise

The Headline

McDonald’s CEO fired for dating employee

The Grind

McDonald’s CEO and President, Steve Easterbrook, was fired last week for dating an employee. The relationship, though consensual, was a violation of company policy.

The restaurant chain’s Board of Directors voted on Easterbrook’s departure Friday after a review session and will soon release the details of his severance package.

“Given the values of the company, I agree with the Board that it is time for me to move on,” said Easterbrook.

The Details

Steve Easterbrook, 52, is a British businessman who joined McDonald’s in 1993 as a manager in London. He worked for the company until 2011, when he left to lead Pizza Express.

Easterbrook returned to McDonald’s in 2013 and worked his way up to head the company’s operations in the UK and northern Europe. He was promoted to CEO of the company in 2015.

Easterbrook is often credited with a broad revitalization of the company, including store renovations and better ingredients. He also had a hand in the expansion of the company’s delivery and mobile payment options.

Easterbrook has been criticized for his pay, which in 2018 totaled more than $15 million. He will be replaced by Chris Kempczinski, who currently leads operations in the United States.

“Steve brought me into McDonald’s and he was a patient and helpful mentor,” said Kempczinski.




GOOD TO THE LAST DROP:
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