I don't think we're going to get the instant value that we would have from the spin-off, but we'll get it over the long term and that's just fine. |
I think McDonald's is doing the right thing and we fully support it. |
Sometimes when you mix a fabulous business with a more mundane one, the market values it as a more mundane business. And literally just separating the two enables the market to understand the values. |
Twenty-seven percent of the McDonald's system is operated by the parent company. If we can make that 27 percent operate more entrepreneurially, that increases I think the overall success of the whole system. |
We got pretty much everything we wanted except for the spin-off. |
We think resources are not allocated efficiently today because this business is not independent. There is just no way to argue against transparency. |
We want to unlock significant shareholder value. What we're trying to do is help the company reconfigure itself. |
We're getting pretty much everything we asked for. |