Jack Greenberg
Jack Greenberg
ambitious continue difference environment environmental head proud tangible targets
McDonald's is proud of the tangible difference we have made for the environment in just 10 years. As we head into the new century, McDonald's will continue to set new, ambitious targets for environmental progress.
both bring changes closer home jobs necessary office painful personally process resources
While eliminating jobs is a painful process -- both personally and culturally -- it is necessary to make these changes to refocus and realign with our restaurants and, where appropriate, bring home office resources closer to them,
additional capital expect fund global million moderate reduce related restaurant share
To fund the additional capital expenditures related to U.S. initiatives, we expect to moderate share repurchases to approximately $500 million in 2003 as well as reduce global new restaurant openings.
again coming dug grant opening project stayed university until
She was indomitable. She would take on a project like opening up the University of Mississippi and just keep coming back again and again and again. She was like Grant at Vicksburg. She just dug in there and stayed there until they rolled over.
again coming dug grant opening project stayed university until
She was indomitable, ... She would take on a project like opening up the University of Mississippi and just keep coming back again and again and again. She was like Grant at Vicksburg. She just dug in there and stayed there until they rolled over.
confident growth improvement setting stage strategies stronger year
This year has been challenging for McDonald's, ... But I am confident that our strategies are right and we will see significant improvement in 2002, setting the stage for stronger growth in 2003 and beyond.
building business comparable effective improved improving intent marketing menu sales six tough
While this has been a tough six months, we are intent upon improving the business by building comparable sales around the world through improved operations, effective marketing and menu development,
believe boston close converted couple majority open stay
We believe that a significant majority of them will stay open as Boston Markets. But some will close and some will be converted to McDonald's and to a couple of other brands,
decisions functions line maximize staff support
We want staff functions to support line decisions and maximize their impact.
achieved business extended lead remarkable turnaround
We extended our considerable lead internationally and achieved a remarkable turnaround in our U.S. business,
based behalf business customers decisions field includes line operating personnel regional responsibility restaurant ultimately
We want the line -- which for McDonald's includes our divisional and regional staffs, owner/operators and restaurant personnel -- to make decisions on behalf of customers based on field operating needs. The line ultimately has responsibility and accountability for our business success,
existing expect invest million
As part of this plan, we expect to invest $300 million to $400 million in existing U.S. franchised restaurants in 2003,
conditions difficult global including overall pleased proud system year
This has been a challenging year for many global companies, including McDonald's, ... While I am not pleased with our overall results, I am proud of how our system has responded to the many difficult conditions we've faced.
domestic grow optimistic remain
I remain very optimistic about our long-term opportunities to grow profitably in the domestic marketplace.