Chris Kempczinski CEO of McDonald's
In Good Company with Nicolai Tangen
Norges Bank Investment Management
4.8 • 186 Ratings
🗓️ 29 June 2023
⏱️ 39 minutes
🧾️ Download transcript
Summary
What’s the secret to McDonald's success globally? How do they use AI in their business? And why are McDonald's fries so good? Tune in and find out!
The production team on this episode were PLAN-B’s Nikolai Ovenberg and Niklas Figenschaug Johansen. Background research were done by Sigurd Brekke and Shilpi Nanda with input from portfolio manager Irene Jensen.
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Transcript
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| 0:00.0 | Hi everyone and welcome to our podcast in Good Company. I'm Nicola Tangen and the CEO of the Norwegian Soan World Fund. |
| 0:08.0 | In this podcast, I talk to the leaders of some of the largest companies we are invested in so that you will learn what we own and also meet these impressive leaders. |
| 0:16.6 | Today I speak with Chris Kempinski, CEO of McDonald's, the world's largest food chain. |
| 0:22.7 | McDonald's have 40,000 restaurants across the world churning out more than 6 million burgers every day. |
| 0:28.4 | They are the biggest buyer of meat in the world, and they're also the biggest employer of any company. |
| 0:32.9 | We own 1% of McDonald's translating into 22 billion crowner or 2 billion US dollars or if you |
| 0:39.1 | translated into Big Macs, 400 million Big Macs. |
| 0:43.0 | How does McDonald's manage to be successful in so many countries? |
| 0:45.9 | Tune in. |
| 0:57.0 | First of all, Chris, big thanks for taking the time. |
| 0:58.3 | It's fantastic to have you on. |
| 1:00.7 | You run an amazing company. |
| 1:02.4 | You are the biggest employer in the world. |
| 1:13.6 | You kind of churn out four and a half thousand burgers every minute and six and a half million burgers every day. So before we kick off properly, |
| 1:18.8 | what is your favorite McDonald's meal? Well, you've got to go different parts of the day, |
| 1:25.7 | different meals. So breakfast for me, I love the egg McMuffin. It's a classic. For lunch, |
| 1:29.2 | I'd say the quarter pounder here in the U.S. is a great burger. |
| 1:33.4 | Love the quarter pounder, but also a fan of the McChicken. |
| 1:37.4 | So those would be my probably go-to items. |
| 1:40.7 | And, of course, love our McDonald's French fries. |
| 1:42.1 | Absolutely. |
| 1:46.8 | And so I went to your, you know, I went to your store here in Oslo, really, today. |
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