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April 19, 2004
McDonald's
McDonald's CEO Dead, COO Takes Helm: "McDonald's Corp. Chairman and Chief Executive Jim Cantalupo died of an apparent heart attack on Monday in Florida and the company named Chief Operating Officer Charlie Bell to replace him as CEO."
Is this type of risk reflected in the stock price? You have to assume that: 1) company officers are largely older men; and 2) their diets are perhaps not ideal from a nutritional standpoint . So there may be a succession issue at Mickey D's - executives in their prime happen to be prime candidates for heart attacks. I wonder if this is taken into account by long range planners at the company.
Posted by sam at April 19, 2004 11:13 AM
Comments
I find it scary that less than 2 hours after this was announced they had already named his successor. He was only 60.
Posted by: Breean at April 19, 2004 04:24 PM
Like I said, maybe they plan for this kind of thing.
Posted by: sam at April 19, 2004 07:30 PM
and they have to show the world that the co. is still under control, for the benefit of the stock price.
Posted by: cher at April 23, 2004 01:08 AM