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Microcap & Penny Stocks : Rat dog micro-cap picks...

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From: Bucky Katt11/24/2004 9:26:40 AM
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Something to think about with McDonalds MCD update. We haven't talked about this one for awhile, but awhile back does anyone remember the ceo having a heart attack & passing at a MCD conference in Florida, and then they put a 44 year old in as ceo, and a few weeks later they announce he has colon cancer?
He resigned this week due to complications with colon cancer. My point is, are both events tied to the fast food, and will people buy less of this food? Is there a cause & effect tie in here? He started at a MCD at age 15, so he had 29 years of eating the product under his belt, so to speak, in his system.
I'm surprised the brain trust at PETA hasn't jumped all over this...?

McDonald's Forced to Change Leaders Again As CEO Bell Resigns to Focus on Battle Against Cancer

CHICAGO (AP) -- McDonald's Corp. CEO Charlie Bell, who was diagnosed with colorectal cancer in May, resigned Monday to focus on his battle with the disease, forcing the company to make a sudden leadership switch for the second time in seven months.

The fast food giant named vice chairman Jim Skinner as its new CEO, and the board elected Mike Roberts, CEO of McDonald's USA, to the position of president and chief operating officer.

"Charlie is a remarkable leader and well loved by the McDonald's family, and we fully understand and respect his decision," McDonald's chairman Andrew J. McKenna said in a statement.

Bell will continue to serve as a member of the company's board of directors, company spokesman Walt Riker said.

Bell, 44, was diagnosed with cancer soon after succeeding Jim Cantalupo in April, when Cantalupo died of an apparent heart attack. Bell has missed significant time at work because of the cancer and earlier this month skipped a gathering of worldwide McDonald's managers in his native Sydney, Australia.

Bell had returned to the hospital in September for further cancer therapy, and the Oak Brook, Ill.-based company has largely declined to comment on the severity of his condition or treatments.

Bell rose through the ranks at McDonald's, starting at a Sydney restaurant when he was 15 in 1975, becoming the youngest store manager in Australia by the age of 19.
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