McDonald's CEO Faces a New Challenge

Shares of McDonald's (MCD) received a boost last week when the company announced a restructuring of its regional offices. The company plans to save $500 million by eliminating several layers of middle management, the equivalent of about one-fifth of its corporate overhead. McDonald's is expected to provide additional details, including the number of planned layoffs, today at a scheduled town hall meeting.

When you consider that the company currently has eight layers of middle management, some corporate downsizing was perhaps inevitable. McDonald's has been planning a restructuring of this nature for years, but leave it to Steve Easterbrook, the company's dynamic CEO who took the reins in March of 2015, to actually get the process started....281 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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