Hedge Funds Pressure McDonald’s

CFO.com Magazine –  McDonald’s is the most recent target of outside investor attempts to shake up management.

William Ackman, managing partner at Pershing Square Capital Management, has called for the fast-food giant to spin off 65 percent of its 8,000 company-owned restaurants and borrow $14.7 billion against its real estate — a move that Ackman thinks could raise McDonald’s share price by 50 percent, said the Associated Press.

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