Pershing Square Activist Presentation Deck
D
A Revised Proposal for Creating Value
at McDonald's
Addressing Potential Company Questions
Final Revised Proposal.ppt
Question: Would a publicly traded McOpCo hinder the current “Farm Team" system or
inhibit McDonald's ability to recruit top McOpCo managers to work at Corporate?
Answer: No. We believe the creation of a publicly traded McOpCo will actually improve the
talent pool at both Brand McDonald's and McOpCo.
✓ Offering direct equity compensation in McOpCo will
Attract "best-in-class" operators
Improve retention
Arm's-length, publicly traded McOpCo is better training ground than the current wholly owned
McOpCo
▶ Better "real world" business discipline for managers, once corporate subsidies are removed
Teaches restaurant operators how to run a public business
With 80% ownership, Brand McDonald's will still be able to leverage its deep relationship with
McOpCo for recruiting purposes
36View entire presentation