AR-News: McDonald's CEO dies of heart attack

[jim robertson]

McDonald's CEO Dead, COO Takes Helm

24 minutes ago  Add Business - Reuters to My Yahoo!


By Deborah Cohen

CHICAGO (Reuters) - McDonald's Corp. (NYSE:MCD - news) Chairman and Chief 
Executive Jim Cantalupo died of an apparent heart attack on Monday in 
Florida.
...

The company faced falling profits in a saturated domestic hamburger market, 
the impact from outbreaks of mad cow disease in key markets such as Europe 
and Japan, waning service, with reports of dirty restaurants and slowing 
transaction times.


In little over a year, he helped standardize service in the company's some 
13,000 U.S. stores, expand the menu with entree-sized salads and 
all-white-meat Chicken McNuggets, and launch McDonald's first global 
marketing effort.


He also recognized the importance of defining the role of the fast-food 
industry within a growing U.S. obesity crisis that saw lawsuits targeting 
McDonald's and other fast-food chains.

...

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20040419/bs_nm/leisure_mcdonalds_dc

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