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Home / Business / Jim Cramer and others at McDonald's fall to seven months low

Jim Cramer and others at McDonald's fall to seven months low



McDonald's shares fell to a seven-month low after CEO Steve Easterbrook was blown out to have a consensus relationship with an employee.

He led the company for more than four years.

Five experts weigh in on what's next for the fast food giant.

Jeffrey Sonnenfeld, senior attorney at Yale, says the new CEO Chris Kempczinski's credentials are impressive.

"There is great continuity. The successor has been very well tested. In his short career he has been with Procter & Gamble, he has been in the Boston Consulting Group, he has been in Kraft, very senior roles. At PepsiCo he rose high "He was the head of North American beverages ̵

1; those spirits without carbon. It did a good job for all accounts at PepsiCo."

RJ Hottovy, Consumer Capital Strategist at Morningstar, says the new CEO makes a simple transition.

"I'm pretty comfortable with Kempczinski as the new CEO. He co-authored a lot of the speed initiatives that Steve Eas Terbrook put in place. He was a big advocate for the fresh steak company rollout. Honestly, he did a lot behind the scenes digital delivery, so I think we can see a lot of the continuation of Steve's initiatives with Chris at the helm. "

Jim Cramer, host of CNBC's" Mad Money, "says there are questions about timing.

"The stock was down pretty bad on Friday, and I would like to know a little more about when and for how long they have known this. This is one where it is quite clear that the stock has been under a lot of pressure. because of Wendy's breakfast, some of it was because it was missed [estimates] domestically, and some of it was because of that. I don't know for sure. "

Will Slabaugh, CEO of Stephens, says that the defiant CEO deserves fair credit for the turnaround.

"Every time Steve came in, McDonald's was … something stagnant around the world and so in the past, we know, five years, we've seen record results internationally – the UK, France, the US had one tremendous turnaround. So investors, franchisees have made a lot of money with Steve at the helm. "

David Palmer, CEO of Evercore ISI, says McDonald's needs to strengthen it to compete.

"You have competitors that show you can do some things – you can grow breakfast for sure, it's the chicken wars we all know, and the fact that there has been some demand in the industry. The industry makes over 4% comps right now, so very strong results. McDonald's has clearly outperformed it lately. "

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