News broke on Wednesday that McDonald’s is ousting its CEO, Don Thompson, after sales continued to decline. The embattled CEO was the subject of a recent Fortune feature by Beth Kowitt. He’ll be replaced by Steve Easterbook, the company’s chief brand officer.
Here’s what people from around the web are saying about the news.
From Fortune’s Pattie Sellers:
Here is all you need to read to know why #McDonalds CEO is OUT http://t.co/N32pbQJ3Yb@FortuneMagazine
— pattiesellers (@pattiesellers) January 28, 2015
From Fortune’s Phil Wahba:
McDonald's CEO out of a job after proving unable to stop sales decline $MCD via @FortuneMagazinehttp://t.co/TEq4HDKpUC$MCD
— Phil Wahba (@philwahba) January 28, 2015
Read @bethkowitt opus on McDonald's troubles that led to CEO being ousted today http://t.co/VeLRmUoxhR$MCD
— Phil Wahba (@philwahba) January 28, 2015
From Buzzfeed’s Tom Gara:
The Big Mac Crisis claims its biggest victim: McDonald's CEO is out. "It’s tough to say goodbye to the McFamily" http://t.co/qRxOxC8ZJc
— Tom Gara (@tomgara) January 28, 2015
From the Star Tribune’s Todd Stone:
Stories that didn't make Strib Biz cover for Thursday: Facebook earnings; McDonald's CEO; Fed/interest rates. Yup, we have that much news.
— Todd Stone (@_ToddStone) January 28, 2015
From Bloomberg Businessweek’s Jim Aley:
“It’s tough to say goodbye to the McFamily, but there is a time and season for everything” http://t.co/qWlQ8bUy2Q via @business
— Jim Aley (@jimaley) January 28, 2015
And Steve Easterbook, the soon-to-be CEO:
https://twitter.com/SteveEasterbrk/status/560532820226244608