Warning: McDonald's (MCD) Skinner Will Be a Tough Act to Follow
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Price: $238.32 -4.81%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.2%
Revenue Growth %: +3.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.2%
Revenue Growth %: +3.4%
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Wall Street analysts don't seem fazed by the resignation of McDonald's (NYSE: MCD) CEO Jim Skinner, but should investors be worried?
To get the answer, investors could look no further than the stock performance under Skinner's tenure and those of past CEO's, dating back to the mid-80s.
A Look Back:
Jim Skinner took the reigns on Nov. 22, 2004. At that time the stock was about $29 per share. Now they stand at $96 - for a rise of 227 percent in less than 8 years.
Charlie Bell was CEO from April 19, 2004 - Nov. 22, 2004, when he resigned to do health issues. He died shortly after. During his short reign the stock went from about $27 to $29, a gain of 7 percent.
Jim Cantalupo was CEO for the start of 2003 until April 19, 2004 when he unexpectedly passed away. During his tenure the stock went from about $16 to $27, a gain of about 70 percent.
Jack Greenberg was CEO of McDonald's from August 1998 through the end of 2002. During his reign the stock went down from $25 to $16, or a loss of about 40 percent.
Michael Quinlan was CEO from March 1987 through July 1998, or about 11 years. The stock price under his tenure was went from around $4 to $25 - a gain of about 500 percent.
A Look Ahead:
Don Thompson, the first African American CEO in the company's history, is now the new man at the helm. Mr. Thompson has some big shoes to fill.
History shows that while McDonald's normally just goes in one direction, up, it has had some hiccups in the past. Investors hope they don't see another Greenberg era.
To get the answer, investors could look no further than the stock performance under Skinner's tenure and those of past CEO's, dating back to the mid-80s.
A Look Back:
Jim Skinner took the reigns on Nov. 22, 2004. At that time the stock was about $29 per share. Now they stand at $96 - for a rise of 227 percent in less than 8 years.
Charlie Bell was CEO from April 19, 2004 - Nov. 22, 2004, when he resigned to do health issues. He died shortly after. During his short reign the stock went from about $27 to $29, a gain of 7 percent.
Jim Cantalupo was CEO for the start of 2003 until April 19, 2004 when he unexpectedly passed away. During his tenure the stock went from about $16 to $27, a gain of about 70 percent.
Jack Greenberg was CEO of McDonald's from August 1998 through the end of 2002. During his reign the stock went down from $25 to $16, or a loss of about 40 percent.
Michael Quinlan was CEO from March 1987 through July 1998, or about 11 years. The stock price under his tenure was went from around $4 to $25 - a gain of about 500 percent.
A Look Ahead:
Don Thompson, the first African American CEO in the company's history, is now the new man at the helm. Mr. Thompson has some big shoes to fill.
History shows that while McDonald's normally just goes in one direction, up, it has had some hiccups in the past. Investors hope they don't see another Greenberg era.
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