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Renew Deal

(81,869 posts) Mon Oct 28, 2013, 03:35 PM Oct 2013

McDonald's squeezes out Heinz over new CEO pick

Source: CBS News

McDonald's is making a big switch at some of its restaurants. After 40 years, it's parting ways with Heinz ketchup. The reason goes back to a long-standing rivalry.

On Friday, McDonald's, the world's largest restaurant chain, announced diners would no longer be squeezing Heinz ketchup in any of its 34,000 stores. The decision was made after Heinz appointed the former head of Burger King, Bernardo Hees, as its new chief executive officer. In three years, Hees oversaw major changes at the struggling burger chain, remaking Burger King into a viable competitor to the mighty Big Mac.

In a statement, the Illinois-based company said, "As a result of recent management changes at Heinz, we have decided to transition our business to other suppliers over time."

Richard Levick, chief executive officer of Levick Public Relations, said, "It appears to be that Hees has been brought in, he was the former CEO of Burger King, and so they feel that it's inappropriate that their 40-year relationship with Heinz continue. There are a lot of other places that they can get ketchup."
<snip>

Read more: http://www.cbsnews.com/8301-505263_162-57609535/mcdonalds-squeezes-out-heinz-over-new-ceo-pick/

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McDonald's squeezes out Heinz over new CEO pick (Original Post) Renew Deal Oct 2013 OP
The invisible hand of the Ketchup Advisory Board at work Blue Owl Oct 2013 #1
*snerk* knitter4democracy Oct 2013 #18
"We're gonna need some bigger natural mellowing agents" they said when... JVS Oct 2013 #21
The K.A.B. is a bunch of jack-booted thugs. BlueStreak Oct 2013 #30
IMO, any other ketchup is gross. Heinz sets a good standard. Brickbat Oct 2013 #2
No thanks Dreamer Tatum Oct 2013 #3
Actually, they introduced (re-introduced) a cane sugar tosh Oct 2013 #5
I prefer my own homemade version. Pab Sungenis Oct 2013 #7
Yes, they did, but the version in their locations includes HFCS. closeupready Oct 2013 #10
When not making my own, this is the one I use too because there is no HFCS as you state. Nt DeschutesRiver Oct 2013 #34
That was preceded by tonekat Oct 2013 #36
Yeah, I usually buy their organic or "natural" version. Brickbat Oct 2013 #11
You forgot the insect parts,rodent feces and dander. easychoice Oct 2013 #15
That's what I thought until my client, Del Monte, conducted a blind taste test Auggie Oct 2013 #16
Now, lets settle the "Ketchup vs catsup" war! nt 7962 Oct 2013 #4
i like that ketchup they use in their cheeseburgers JI7 Oct 2013 #6
They expose truth: gussmith Oct 2013 #8
^^^^ DING DING DING DING ^^^^ groundloop Oct 2013 #29
+1 freshwest Oct 2013 #32
Memorable snippets of related articles. proverbialwisdom Oct 2013 #9
So... krispos42 Oct 2013 #12
that is a big customer to loose Niceguy1 Oct 2013 #13
They are an independant company and may hire who they wish so McDonalds can cstanleytech Oct 2013 #24
when you hire in key positions Niceguy1 Oct 2013 #31
I wish they would stop referring to mcdonald's yesphan Oct 2013 #14
That's not an accurate description of McDonalds corporation either. JVS Oct 2013 #22
gotta laugh rurallib Oct 2013 #17
Like these guys? Thucydides Oct 2013 #19
yep rurallib Oct 2013 #23
If I don't get to start, I'm going home with my ball.... n/t cosmicone Oct 2013 #20
Another reason to avoid McD's liberal N proud Oct 2013 #25
To all those complaining about the sugar used they should come here. 4bucksagallon Oct 2013 #26
mckrap charges 15 ct for an extra packet of ketchup. madrchsod Oct 2013 #27
They don't where I live. Ohio Dem Oct 2013 #38
I have only found one generic ketchup that I like. I am sure that is not appleannie1 Oct 2013 #28
Hunts is gross. Heinz is the best. n/t Tx4obama Oct 2013 #33
This sounds really damn petty. n/t devils chaplain Oct 2013 #35
So Who's The New Big Tomato? tonekat Oct 2013 #37
Didn't know McDonald's was run by a junior high student. n/t malthaussen Oct 2013 #39

JVS

(61,935 posts)
21. "We're gonna need some bigger natural mellowing agents" they said when...
Reply to Blue Owl (Reply #1)
Mon Oct 28, 2013, 06:30 PM
Oct 2013

asked for comments on this story.

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Dreamer Tatum

(10,926 posts)
3. No thanks
Reply to Brickbat (Reply #2)
Mon Oct 28, 2013, 04:01 PM
Oct 2013

INGREDIENTS: TOMATO CONCENTRATE FROM RED RIPE TOMATOES, DISTILLED VINEGAR, HIGH FRUCTOSE CORN SYRUP, CORN SYRUP, SALT, SPICE, ONION POWDER, NATURAL FLAVORING.

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tosh

(4,424 posts)
5. Actually, they introduced (re-introduced) a cane sugar
Reply to Dreamer Tatum (Reply #3)
Mon Oct 28, 2013, 04:06 PM
Oct 2013

version about a year ago. It's much better - called Simply Heinz.

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tonekat

(1,817 posts)
36. That was preceded by
Reply to tosh (Reply #5)
Mon Oct 28, 2013, 11:02 PM
Oct 2013

Organic Heinz, which is still available. Both are very good and remind me of my childhood ketchup.

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Auggie

(31,178 posts)
16. That's what I thought until my client, Del Monte, conducted a blind taste test
Reply to Brickbat (Reply #2)
Mon Oct 28, 2013, 04:44 PM
Oct 2013

People couldn't tell Del Monte from Hunts or Heinz.

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groundloop

(11,521 posts)
29. ^^^^ DING DING DING DING ^^^^
Reply to gussmith (Reply #8)
Mon Oct 28, 2013, 08:03 PM
Oct 2013

You nailed it. Micky D's is just engaged in a high dollar pissing contest, because, well, they can.

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proverbialwisdom

(4,959 posts)
9. Memorable snippets of related articles.
Reply to Renew Deal (Original post)
Mon Oct 28, 2013, 04:13 PM
Oct 2013
http://www.latimes.com/business/money/la-fi-mo-burger-king-mcdonalds-heinz-20131028,0,7156062.story#axzz2j2nWeMyC

Burger King beats forecasts as McDonald's drops Heinz
By Tiffany Hsu
October 28, 2013, 9:01 a.m.

Burger King stock was on the upswing Monday after the fast-food company said its profit surged nearly 33% in the third quarter, beating predictions from Wall Street.
The Miami-based company said its adjusted net income soared to $81.1 million, or 23 cents a share, from $61.1 million, or 17 cents a share, during the same period a year earlier.

<>

Rival McDonald’s was up too, rising less than a percentage point, or 48 cents, to $95.26 a share.

The Oak Brook, Ill.-based quick-serve behemoth confirmed this week that it is ditching its multi-decade arrangement with H.J. Heinz Co. to serve its ketchup.

The rationale: Heinz is now run by Bernardo Hees, current vice chairman and former chief executive of Burger King.

Hees transitioned to the helm of Heinz earlier this year after the company was purchased by Warren Buffett’s Berkshire Hathaway company and Burger King owner 3G Capital.


http://www.nytimes.com/2012/06/23/opinion/nocera-burger-king-the-cash-cow.html

Burger King, the Cash Cow
By JOE NOCERA
Published: June 22, 2012

FROM THE COMMENTS:
Financial engineering with genetically engineered food.....is this a great country, or what?
June 23, 2012 at 11:27 a.m.
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cstanleytech

(26,314 posts)
24. They are an independant company and may hire who they wish so McDonalds can
Reply to Niceguy1 (Reply #13)
Mon Oct 28, 2013, 07:22 PM
Oct 2013

go take a flying leap imo.

(Oh and for the record I am not anti mcdonalds as I believe they have better french fries though Steak N shake has better burgers imo)

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Niceguy1

(2,467 posts)
31. when you hire in key positions
Reply to cstanleytech (Reply #24)
Mon Oct 28, 2013, 08:11 PM
Oct 2013

Those things matter.. .though I could really care less what mcd's does

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yesphan

(1,588 posts)
14. I wish they would stop referring to mcdonald's
Reply to Renew Deal (Original post)
Mon Oct 28, 2013, 04:29 PM
Oct 2013

as a restaurant. It is not. It is a convenience store that sells things to put in your mouth.
Restaurants sell food.

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JVS

(61,935 posts)
22. That's not an accurate description of McDonalds corporation either.
Reply to yesphan (Reply #14)
Mon Oct 28, 2013, 06:38 PM
Oct 2013

People think that McDonalds is a restaurant or a store. They aren't. Their real business is selling and supplying restaurants as well as handling those restaurant's marketing.

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4bucksagallon

(975 posts)
26. To all those complaining about the sugar used they should come here.
Reply to Renew Deal (Original post)
Mon Oct 28, 2013, 07:45 PM
Oct 2013

In the Philippines, a lot of ketchup is made from banana and almost all tomato sauce is "philippines style" meaning very sweet. Hot dogs are not spicy they are sweet, even McDonalds here sucks they use the sweet style ketchup, pizza they don't use much tomato sauce at all and it is also sweet. Salted fish is one exception to the sweet rule. I have to go buy from the imported food section to get something less "sweet" for ketchup or tomato sauce.
http://en.wikipedia.org/wiki/Banana_ketchup

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Ohio Dem

(4,357 posts)
38. They don't where I live.
Reply to madrchsod (Reply #27)
Tue Oct 29, 2013, 04:18 AM
Oct 2013

I usually return one of their packets. They always give me two when I ask for ketchup. I tell them I only want one, and give back the one I didn't want.

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appleannie1

(5,068 posts)
28. I have only found one generic ketchup that I like. I am sure that is not
Reply to Renew Deal (Original post)
Mon Oct 28, 2013, 07:59 PM
Oct 2013

what McDonald's will use. I don't like Hunt's at all. Oh well I don't eat there that often anyway.

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