Saturday, January 17, 2009

Video Interview of McDonald's CEO

I thought Skinner did a good pump job until the subject of MCD's debt came up about 7 minutes into the interview.

Skinner: "it's minimal."

MSNBC: "minimal... 9 billion or so?"

then about 7:45 he comments about a recent bond offering saying, 'it was a good opportunity to take some cash on board. cash is king, our balance sheet is strong and we're very positive (giggle - inaudible)...'

there seems to be some confusion here. cash is king, so it's a good thing we borrowed some ???

this guy, and most of the rest of Corporate America, is still living in a dream world.