McDonald’s stockholders bail.
According to this recent article posted by MSN-Money, stockholders in McDonald’s are not very confident these days, selling off over 750,000 shares worth $43 million in the past 6 months, including holdings from McDonald’s insiders, and the CEO himself.
“A significant amount by any measure, this works out to roughly a 20% liquidation of the insiders according to Thomson Financial. CEO James Skinner sold 35% of his stake. Gloria Santona, the general counsel, parted with more than half of her shares. Jose Armario, responsible for Canada and Latin America, traded away 80% of his holdings.” — MSN Money
I’m sure this is just a small bump in the road for the mighty Mickey-D’s, but those who have invested in the company should definitely be paying attention. In the meantime, I can’t help but wonder if McDonald’s has introduced the Feng Shui concept into their corporate office environment. If not, this might be a good time to do it.
I think most fast food companies are feeling the pinch right now. I guess even the powerful McDonald’s corporation is not immune. Everybody wants to see healthier food, and that’s putting extra pressure on them.