While McDonald’s doesn’t own the majority of its restaurants, it does own tens of billions of dollars’ worth of the real estate where those restaurants operate, leasing them to franchisees. That’s a valuable asset, and the company is facing pressure from some investors to spin off its land and buildings into a separate, publicly traded McDonaldland. I mean, real estate investment trust. Which they should name McDonaldland. [More]
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Investors Want McDonald’s To Spin $20 Billion In Property Off Into Real Estate Investment Trust
Ronald McDonald Vs. Evil Grimace
We’ve mentioned McDonald’s Grimace before, describing him as “gigantic, anthropomorphic taste bud, loathsomely pulsating through McDonaldland with an unslakeable thirst for frosty, gelatinous ooze.” We also mentioned that he used to be evil and initially had small arms.