CG: CEO Departures

Industry Focus

The Motley Fool

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4.6 • 854 Ratings

🗓️ 12 November 2019

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

McDonald's CEO Steve Easterbrook is leaving the company after it was revealed that he had a consensual relationship with an employee, violating company policy. We look back on his time at McDonald's and how his leadership pushed the golden arches to double in roughly 5 years. We also talk about Gap CEO Art Peck stepping down from the struggling retailer and what it might mean for the company's plans to spin out Old Navy.

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Transcript

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0:00.0	This episode of Industry Focus is supported by NetSuit, the business
0:03.4	management software that handles every aspect of your business in an easy-to-use
0:07.4	cloud platform. Download their free guide seven key strategies to grow your
0:12.0	profits today at Net suite.com slash fool.
0:15.0	Welcome to Industry Focus. The podcast
0:19.5	dives into a different sector of the stock market every day. It's Tuesday, November 12th, and we're talking
0:24.7	about some CEO departures in the consumer good space. I'm your host, Ellen Lewis, and I've got
0:29.3	fool.com's Dan Klein with me on Skype. Dan, what's going on man?
0:34.0	I don't know has the bitter cold set in there yet?
0:37.0	Oh it most certainly has.
0:38.0	Yeah, we've got the threatening of some snow I think this week and possibly later in the month I
0:44.7	can firmly say that we're in deep fall at this point Dan. Well people are
0:49.6	freaking out here it might hit the 70s. You know it's oddly reassuring I got to say you know like it
0:55.0	should be cold this time you're in the northeast I'm glad that it's finally
0:58.2	getting cold nice to put on the sweater and enjoy that sweater weather. I don't
1:02.2	know that it should be like birds fall out of the sky cold.
1:05.0	Yeah, no, we don't want that.
1:07.0	We definitely don't want that.
1:08.0	But I'm okay with dealing with a little chilly weather here and there.
1:11.0	Makes me feel like it's truly football season.
1:13.0	Absolutely. All right so Dan we had a couple pretty big news items come up in the
1:20.0	consumer good space over the past week I, in the period between the most recent
	...

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