McDonald’s CEO: Franchise produced more Black millionaires than other companies


McDonald’s CEO: Franchise produced more Black millionaires than other companies

McDonald’s CEO: Franchise produced more Black millionaires than other companies

McDonald’s CEO Chris Kempczinski discussed the restaurant chain’s diversity and racial equality initiatives and its impact on the business.

McDonald’s CEO Chris Kempczinski said Tuesday that the fast-food chain has created more Black millionaires than any other company but that it still has room for improvement when it comes to racial diversity.

“Probably, McDonald’s has created more millionaires within the Black community than probably any other corporation on the planet, but there’s still work to do,” Kempczinski said on CNBC’s “Mad Money with Jim Cramer.”

McDonald’s is one of many companies that have issued statements condemning racism as weeks of nationwide protests sparked by the deaths of George Floyd and Breonna Taylor rocked corporate America. Floyd and Taylor, both Black Americans, died in the custody of police — Floyd when an officer kneeled on his neck for nearly nine minutes and Taylor when officers entered her home on a no-knock warrant and shot her.


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