date:Aug 25, 2014
ney. Stratton was McDonald's chief restaurant officer prior to being named president of the U.S. division.
They're desperate, said Penney, who is among Wall Street's most bearish restaurant analysts.
Still, Penney said Thompson likely has until the end of 2015 to show improvement in the business because some issues are seen by investors to be beyond his control, such as the U.S. economy and Russia, which shut some of McDonald's branches in Moscow this week.
The Moscow closures were widely vie