By now, the industry knows Taco Bell CEO Brian Niccol will become Chipotle Mexican Grill CEO on March 5. It’s hardly surprising. Niccol’s name appeared in a December Restaurant Finance Monitor story I wrote about ideal candidates for CMG chief executive.
The traditional role of the CFO was to make sure the accounting was proper and the bills were paid. A CFO’s responsibilities now stretch from pricing and labor retention to customer behavior, cultural alignment and even storytelling.
When David Pesso and his brother were thinking about branching out in the restaurant world, they wanted something new and creative. But it was the family recipe book that served as the seed of The Hummus & Pita Co.
Starbucks is getting a whole lot of goodwill for its announcement that it will raise wages and give sick time and other benefits to employees, as it should. But the skeptic in me can’t help but see this as a desperate employee-marketing program in a period of intense labor pains.
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