Jim Skinner, the chief executive of McDonald’s (NYSE: MCD) announced he will retire this summer. Critics have to attacked him about the danger of fast food and marketing it to children. But, Skinner has run McDonald’s during one of the most impressive growth stories of any American company in the last decade.
The shares of the world’s largest fast food company have risen by 120% over the past five years, while the S&P 500 has been flat. McDonald’s has bought back billions of shares and has a dividend yield of 2.9%. Despite global competition from rivals which include Yum! Brands (NYSE: YUM) and Subway, sales at McDonald’s rose from $22.7 billion in 2009 to $27 billion last year. Net income is up from $4.6 billion to $5.5 billion.
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