Eugene David ...The One-Minute Pundit |
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Sunday, March 02, 2003
Read this quote carefully, from a story where the Times declares McDonald's in decline:
"The business just isn't nearly as profitable," Richard Steinig, a 30-year McDonald's franchisee in Miami, said. "The smart operators got out in the late 80's, early 90's. There are stores that are basically worthless." [Emphasis mine.] The late 80's, early 90's. That's when McDonald's started turning on the advertising-and-promotional machine big time even as it was turning off the quality-and-cleanliness machine. McDonald's franchisees used to be among the smartest people in the restaurant business. Clearly, some of them already knew.
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