this post was submitted on 21 Aug 2024
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Work Reform

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[–] kat_angstrom@lemmy.world 140 points 3 weeks ago (16 children)

I don't understand why they think he's worth this much money and effort when by all accounts Chipotle is a shell of its former glory

[–] dohpaz42@lemmy.world 82 points 3 weeks ago (5 children)

This is the only metric that boards care about when hiring CEOs:

[–] Serinus@lemmy.world 46 points 3 weeks ago (4 children)

It won't last. It just takes awhile for consumers to figure out that your product is now shit.

Most people aren't visiting every day to notice the price increases or the quality decreases. And the first or second time it's often written off as just an outlier.

Of course there's variance per customer, but it takes a couple years before you really earn the shitty reputation of something like Dominos circa 2014. In the meantime, line looks like this before it drops. And by that time you're CEO of a different company.

If consumers had any taste, McDonald's would have gone out of business decades ago.

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