When Warren Buffet's Berkshire Hathaway bought Heinz last June, they made Bernardo Hees CEO; previously, Hees had served as CEO of Burger King. McDonald's is apparently not happy about this: they've announced that they're dumping Heinz products in their stores. I wonder if they think Hees will feed competitive intelligence back to BK about McD's operations? Presumably he still has a massive chuck of BK stock, and you could probably derive a lot of inside dope about McDonald's by having precise insight into the supply chain for a critical element of its business.
Or maybe they're just vindictive corporate barons who take the rah-rah team-sports game of company loyalty way too seriously.
"As a result of recent management changes at Heinz, we have decided to transition our business to other suppliers over time," McDonald's said in a statement.
"We have spoken to Heinz and plan to work together to ensure a smooth and orderly transition," said McDonald's, which has more than 34,000 restaurants around the globe.
A spokesman for Heinz did not immediately respond to requests for comment.
Ketchup changeup: New Heinz CEO prompts McDonald's to switch [Lisa Baertlein/Reuters]
(via Super Punch)
(Image: I'm Lovin' It, a Creative Commons Attribution (2.0) image from ricote's photostream)
Update: According to The Verge, Facebook has verified the authenticity of the screenshot below. In what appears to be an internal Facebook post, Zuckerberg defends his company’s ongoing association with Peter Thiel — Facebook investor/board member and major donor to white-supremacist/pro-rape presidential candidate Donald Trump.
The UK government says it wants to stop people under 18 from looking at pornography, and so it’s going to make all the porn sites operating in Britain collect some kind of age-verification in order to make this happen, on pain of being blocked by the UK’s Great Firewall.
Despite the denials of its new CEO, Wells Fargo had a serious, widespread cultural problem that led it to commit at least 2,000,000 financial crimes. But the crimes and the culture are widespread across America’s banks, and they spread further than that, because the system is rigged to reward financial crime.
From self-driving cars to stock market predicting software to the recommendations you get on Amazon and Netflix, machine learning is at the core of modern technology. You could find yourself building technology that is literally changing the world with the skills you’ll learn in The Complete Machine Learning Bundle. This bundle of 10 courses includes 406 lessons that will teach […]
This Python Mega Course will help you learn to code by teaching you to build 10 real-world apps that each highlight a unique use of Python.Job prospects for coders are still growing steadily—and with Python being one of the most popular coding languages out there today, it’s important for job seekers to demonstrate a widespread understanding of the […]
The Atmos R2 may be bigger than the brand’s previously-released vapes, but we argue that in this case it’s definitely a good thing. A bigger heating chamber means more room for packing it full. And the bigger battery means longer, more fulfilling vape sessions. In fact, you can use the Atmos R2 for up to about 25 […]