Free Republic

A former McDonald's CEO credited with inventing the McNugget is now leading the charge against corporations that implement woke policies. Ed Rensi, who served as the CEO of McDonalds from 1991 to 1997, is partnering with conservative advocacy groups to form The Boardroom Initiative, FOX News has reported. Its goal is to protect share holders and employees of publicly traded companies from 'woke' policies, which the group says imperil profits and thus betray the very shareholders who pay corporation staffs' wages. The Boardroom Initiative also aims to counter left-wing groups' decision to buy up stocks in the businesses until they...

Former McDonald’s CEO Ed Rensi appeared on Fox Business Network and warned progressive groups against $15 per hour minimum-wage hikes. “I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry — it’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient [while] making $15 an hour bagging French fries,” Rensi said Tuesday. “It’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe,” Rensi added....

While this should be no surprise to any rational non-establishment-teet-suckling economist, former McDonalds' CEO Ed Rensi exclaims, in a recent Forbes Op-Ed, that "a $15 minimum wage won’t spell the end of [fast-food brands]. However it will mean wiping out thousands of entry-level opportunities for people without many other options." The $15 minimum wage demand, which translates to $30,000 a year for a full-time employee, is built upon a fundamental misunderstanding of a restaurant business (and we add simple supply and demand fundamentals) - just "do the math" Rensi rants... “They’re making millions while millions can’t pay their bills,” argue...