McDonald’s Chief to Step Down

He’ll super-size that pension, please. After nearly a decade as the head of the world’s largest fast-food chain, Jim Skinner will step down from his post as CEO of McDonald’s. He’ll be succeeded by the company’s current chief operating officer Don Thompson. Skinner’s McDonald’s career actually began 40 years ago, when he worked as a store manager. Now, he’s an advocate for U.S. recovery through less government spending and lower corporation tax. “The question is, how can we get the ox out of the ditch,” he’s said in the past. “In order to create jobs in America, you’re going to have to cut taxes.”