this post was submitted on 26 May 2024
1004 points (98.8% liked)

United States | News & Politics

2021 readers
272 users here now

Welcome to [email protected], where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago
MODERATORS
 
(page 2) 22 comments
sorted by: hot top controversial new old
[–] [email protected] 3 points 7 months ago

That's what happened to brick and mortar companies any time a hedge fund gets a hold of them, it happened to Sears, it happened to McDonald's, and it's happening to Red Lobster, because in their minds, why make good products that people want to buy when they can make more money by owning land instead?

"We (McDonald's) are not technically in the food business. We are in the real estate business. The only reason we sell fifteen-cent hamburgers is because they are the greatest producer of revenue, from which our tenants can pay us our rent." - Harry J. Sonneborn, former McDonald's CEO

load more comments
view more: ‹ prev next ›