McDonalds To Offer Lovin’ As A Form Of Payment This Month

In 1917, the Spanish philosopher Jose Ortega y Gasset mused, “Every employee should be demoted to his immediately lower level, as every man has been promoted until turning incompetent.” His satire was referring to something known as the Peter Principle, which holds that organizational systems are structured to keep promoting successful people until the point at which they can no longer succeed at that work.

Don Thompson, the recently “resigned” CEO of McDonald’s, is the most recent example of this phenomenon. Thompson showed up on the scene at McDonald’s as an electric engineer in 1990, and did no excellent work. Within two years, he got put in charge of the quality control department. Again, there, he excelled. Within two years, he was learning the ins and outs of his promotion to operational manager. Still finding success, he took over oversight control of the entire San Diego region by the end of the 1990s.

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About Amazon Stock And Conservative Investors

Do you think Jim Edwards of Business Insider gets his argument right? In a recent article, Mr. Edwards talks about the earnings release that saw Amazon climb $42 per share yesterday to $354 per share, for a one-day gain of 13.7%. Amazon reported profits of $0.45 per share, and given that Amazon is split up into 463 million pieces, we are talking about $200 million in profit from a company that is currently valued at $163 billion.

Here is the most important quote from Edwards’ piece: “In fact, analysts have a long history of misunderstanding Amazon. For years, investors have complained that Amazon is chronically unprofitable. In the early years, after Amazon was founded in 1994, a lot of serious people argued that perhaps Amazon was fundamentally broken, that it would never make money and would eventually collapse.

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