MCDONALD’S SPEECH
April 1st, 2003
BY PHILIP FINE
FACED with its first quarterly loss since the company went public in 1965, McDonald's is planning some changes to its restaurants. Chief executive James R. Cantalupo said in a meeting with analysts in New York that the company plans to reduce its debt by US$300 million to US$700 million this year by expanding its more healthful options increasing efficiency and appealing to 18-29 year olds. Some of the changes include making Happy Meals available with the option of having fruit instead of fries and low-fat milk and juice rather than soft drinks, ...
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