As sales start to fall, so go restaurant CEOs

The article talks about the changes that can happen within big corporate companies. Some of these changes including executive replacements. Some of the things talked about in the article also included some of the financial changes that could occur with the replacement of an executive within a company whether those changes ended up being good changes or bad changes.

Key Takeaways:

• Four of the biggest restaurant companies in the world — McDonald’s Corp., Darden Restaurants Inc., Yum! Brands Inc. and The Wendy’s Co. — have replaced their CEOs in the past two years.
• it hardly seems coincidental that all of these moves have come during an ugly summer in which the industry’s sales have fallen off a cliff.
• In some of the cases, however, the CEO changes also came along with indications from the companies’ boards of a change in philosophy.

“Median tenure at the top of S&P 500 companies is just six years, according to Equilar, even after a substantial increase over the past decade.”

http://nrn.com/blog/sales-start-fall-so-go-restaurant-ceos