New McDonald’s CEO: No More Exec Parties
You can imagine what an executives’ party looks like: heavy drinking, cigars, and music. But when it comes to McDonald’s there is more, and the new CEO is clamping down on it.
Recent reports state that the new CEO of McDonald’s, Chris Kempczinski is attempting to overthrow the current status quo among his top executives, which engage in what has been described as a “macho, guys club.”
McDonald’s previous CEO, Steve Easterbrook was fired after admitting he breached company rules by dating a work colleague. He reportedly had a reputation for partying after work with other employees, including the former head of McDonald’s human resources, David Fairhurst, who stepped down once Easterbrook was fired.
Last weekend, Kempczinski told The Wall Street Journal he would not continue to tolerate this behaviour among execs and is determined to make changes to the top, moving the company away form a partying and fraternizing culture among senior staff.
In an internal message to staff obtained by CNBC, Kempczinski said: “When I started in this role, my commitment to you was to listen and learn across the System… In the past 9 weeks, I have been doing just that.”
“All of this is underpinned by our core values, which are the bedrock of our company… We must now champion and apply them more evenly across the three-legged stool to be even stronger.”