Difference between revisions of "YUM! Brands"
m (SW: punctuation) |
m (SW: add internal link.) |
||
| Line 1: | Line 1: | ||
{{#badges: GlobalCorpWiki}} | {{#badges: GlobalCorpWiki}} | ||
| − | '''YUM! Brands''' is the largest fast-food operator in the world in terms of number of locations, with over than 37,000 outlets in approximately 110 countries. It is second to [[McDonald's]] in sales. The company's flagship chains include Kentucky Fried Chicken (KFC) with over 16,200 locations; Pizza Hut, with over 13,200 locations; and [[Taco Bell]], with over 5,800 locations. YUM! also operates the Long John Silver's seafood chain as well as several hundred A&W root beer and burger outlets. Approximately 80% of the company's outlets are run by franchisees, affiliates and licensed operators.<ref>[http://www.hoovers.com/yum!/--ID__53993--/free-co-factsheet.xhtml Profile: YUM! Brands], Hoovers, accessed January 2011</ref> | + | '''YUM! Brands''' is the largest fast-food operator in the world in terms of number of locations, with over than 37,000 outlets in approximately 110 countries. It is second to [[McDonald's]] in sales. The company's flagship chains include [[Kentucky Fried Chicken]] (KFC) with over 16,200 locations; Pizza Hut, with over 13,200 locations; and [[Taco Bell]], with over 5,800 locations. YUM! also operates the Long John Silver's seafood chain as well as several hundred A&W root beer and burger outlets. Approximately 80% of the company's outlets are run by franchisees, affiliates and licensed operators.<ref>[http://www.hoovers.com/yum!/--ID__53993--/free-co-factsheet.xhtml Profile: YUM! Brands], Hoovers, accessed January 2011</ref> |
In the fiscal year ending in December of 2009, the company reported sales of approximately $10.836 billion dollars and had 350,000 employees.<ref>[http://www.hoovers.com/company/YUM!_Brands_Inc/hyssyi-1-1njea5.html Key YUM! Brands, Inc. Financials], Hoovers, accessed January 2011</ref> | In the fiscal year ending in December of 2009, the company reported sales of approximately $10.836 billion dollars and had 350,000 employees.<ref>[http://www.hoovers.com/company/YUM!_Brands_Inc/hyssyi-1-1njea5.html Key YUM! Brands, Inc. Financials], Hoovers, accessed January 2011</ref> | ||
| Line 14: | Line 14: | ||
:"an initiative that would require large and medium-sized business owners to give health benefits to their workers. ... The fast-food industry is the nation's largest employer of minimum-wage labor. ... Led by [[McDonald's]], the industry has pioneered a workforce that earns low wages, gets little training, receives few benefits and has one of the highest turnover rates of any trade." | :"an initiative that would require large and medium-sized business owners to give health benefits to their workers. ... The fast-food industry is the nation's largest employer of minimum-wage labor. ... Led by [[McDonald's]], the industry has pioneered a workforce that earns low wages, gets little training, receives few benefits and has one of the highest turnover rates of any trade." | ||
| − | Other opponents of Proposition 72 include [[Burger King]], [[Wendy's]], [[Walgreen]], [[Best Buy]], [[Target]], [[Sears]], | + | Other opponents of Proposition 72 include [[Burger King]], [[Wendy's]], [[Walgreen]], [[Best Buy]], [[Target]], [[Sears]], YUM! Brands, the California Chamber of Commerce and the California Restaurant Association. The state legislature had already passed a bill in 2003, signed into law by then-Governor [[Gray Davis]], that required larger businesses to offer health care benefits. But fast-food companies, big box retail chains and their allies spent millions of dollars to rescind the law through the initiative process. In their campaign to defeat the initiative, the same groups ran television ads relying on "scare tactics, distortions and ... fundamental misrepresentation(s) of Proposition 72." <ref>[[Eric Schlosser]] [http://www.latimes.com/news/opinion/commentary/la-oeschlosser24oct24,1,1257060.story?coll=la-news-comment-opinions Super-Sized Deception From Fast-Food Giants], [[Los Angeles Times]], October 2004</ref> Proposition 72 failed. |
==Animal welfare issues== | ==Animal welfare issues== | ||
Revision as of 06:25, 14 January 2011
{{#badges: GlobalCorpWiki}}
YUM! Brands is the largest fast-food operator in the world in terms of number of locations, with over than 37,000 outlets in approximately 110 countries. It is second to McDonald's in sales. The company's flagship chains include Kentucky Fried Chicken (KFC) with over 16,200 locations; Pizza Hut, with over 13,200 locations; and Taco Bell, with over 5,800 locations. YUM! also operates the Long John Silver's seafood chain as well as several hundred A&W root beer and burger outlets. Approximately 80% of the company's outlets are run by franchisees, affiliates and licensed operators.[1]
In the fiscal year ending in December of 2009, the company reported sales of approximately $10.836 billion dollars and had 350,000 employees.[2]
Contents
Labor issues
McJobs
- "There's good reason such service-sector positions are called 'McJobs'," wrote Fast Food Nation author Eric Schlosser.
His Los Angeles Times piece described California State Proposition 72 as:
- "an initiative that would require large and medium-sized business owners to give health benefits to their workers. ... The fast-food industry is the nation's largest employer of minimum-wage labor. ... Led by McDonald's, the industry has pioneered a workforce that earns low wages, gets little training, receives few benefits and has one of the highest turnover rates of any trade."
Other opponents of Proposition 72 include Burger King, Wendy's, Walgreen, Best Buy, Target, Sears, YUM! Brands, the California Chamber of Commerce and the California Restaurant Association. The state legislature had already passed a bill in 2003, signed into law by then-Governor Gray Davis, that required larger businesses to offer health care benefits. But fast-food companies, big box retail chains and their allies spent millions of dollars to rescind the law through the initiative process. In their campaign to defeat the initiative, the same groups ran television ads relying on "scare tactics, distortions and ... fundamental misrepresentation(s) of Proposition 72." [3] Proposition 72 failed.
Animal welfare issues
"Kentucky Fried Cruelty" campaign
A campaign sponsored by People for the Ethical Treatment of Animals (PETA) campaign called Kentucky Fried Cruelty, has pressured KFC to drop Tyson Foods as its supplier due to it's abusive animal practices and resistance to reforms. [4]
Tyson Foods
In separate investigations in 2007, PETA documented Tyson Foods workers urinating in the "live hang" area and on the conveyor belt that carried birds to slaughter. Other abuses included breaking legs and wings, throwing birds against shackles, breaking a chickens back by beating it on a rail, stabbing birds in the neck and shackling birds by the neck instead of the legs. The investigation also documented supervisors who were either directly involved or refused to enforce animal welfare policies. For example, a supervisor was recorded telling the investigator that ripping the heads off live birds was acceptable. Another refused to intervene when after birds became trapped at the end of the conveyor belt and when birds were cut at the body (instead of the throat). Abuse was was documented at both the Georgia and Tennessee plants. [5]
Tyson is also a major supplier of restaurant chains, including McDonalds [6] and Kentucky Fried Chicken. [7] Tyson also has a history of human rights abuses which include safety violations, workplace fatalities, substandard wages and benefits and harassment and physical assaults on striking workers.
See also Tyson Foods & animals raised & hunted for food on birds.
Menu Labeling
In October 2008, Yum! announced that it would begin posting calorie information beside the product name and price on menu boards at its company-owned restaurants across the country by 2011. Exceptions include drive-thrus, where space is limited, and independently-owned franchise locations, though Yum! said they would be encouraged to follow suit. According to Sr. VP Jonathan Blum:
- "We're a leader. We hope all restaurants, supermarkets and convenience stores follow our lead."[8]
The action comes at a time when more states and cities are putting in place or are considering requirements for restaurant chains to post consumer nutritional information. McDonald's, Burger King and Wendy's said they had no immediate plans to follow Yum! Brands' lead and expand nutritional labeling to menu boards.
Packaging
Greenpeace's campaign against Sinar Mas has revealed that the packaging of Pizza Hut and KFC takeaway brands is made from a Sinar Mas paper mill fed by illegal logging in Sumatra. Greenpeace is about to call for a boycott of these brands.
Political contributions
YUM! Brands gave $146,194 to federal candidates in the 2010 election through its political action committee - 32% to Democrats, 67% to Republicans, and 1% to other parties.[9]
Lobbying
YUM! Brands spent $870,000 for lobbying in 2010. $320,000 went to three lobbying firms with the remainder being spent using in-house lobbyists. [10]
Personnel & board
Key executives & pay
- David C. Novak (58) - Executive Chairman, CEO - 4.39 M & 66.3 M in options
- Jing-Shyh Samuel Su (58) - Chairman & Executive Officer - YUM! China Division - 2.53 M & 5.84 M in options
- Richard T. Carucci (54) - CFO - 1.62M & 2.52M in options
- Graham Allen (55) - President, YUM! Restaurants International - 1.84 M & 7.04 M in options
- Greg Creed (53) - President, Taco Bell - 1.64 M & 908K in options[11]
Board of directors
- David W. Dorman - Non-Executive Chairman - Motorola, Inc.
- Kenneth G. Langone - Chairman, CEO & President, Invemed Associates, LLC
- Massimo Ferragamo - Chairman, Ferragamo USA, Inc.
- Jonathan S. Linen - American Express
- J. David Grissom - Chairman, Mayfair Capital; Chairman, Glenview Trust
- Thomas C. Nelson - Chairman, President & CEO National Gypsum Company
- Bonnie G. Hill - B. Hill Enterprises LLC
- Thomas R. Ryan - Chairman, President & CEO - CVS Pharmacy, Inc.
- Robert Holland - Former Owner & CEO, WorkPlace Integrators
- Robert D. Walter - Retired Chairman & CEO, Cardinal Health, Inc.
Contact
YUM! Brands
1441 Gardiner Lane
Louisville, KY 40213
Phone: 502-874-8300
Fax: 502-874-8790
Web address: http://www.yum.com
Articles & sources
- Humane Movement
- Meat & Dairy industry
- Processed food industry
- Tyson Foods
- War on Animals
- U.S. Government's War on Animals
References
- ↑ Profile: YUM! Brands, Hoovers, accessed January 2011
- ↑ Key YUM! Brands, Inc. Financials, Hoovers, accessed January 2011
- ↑ Eric Schlosser Super-Sized Deception From Fast-Food Giants, Los Angeles Times, October 2004
- ↑ Tortured by Tyson, People for the Ethical Treatment of Animals, accessed January 2011
- ↑ Tyson Workers Caught Torturing Birds, Urinating on Slaughter Line, PETA.org, accessed February 2009
- ↑ Steve Hannaford Oligopoly profile: Tyson Foods, Oligopoly Watch, updated September 2007
- ↑ Tortured by Tyson, PETA.org, accessed June 2009
- ↑ Bruce Horovitz "Taco Bell, KFC, Pizza Hut add new menu item: Calories" USA Today, October 2, 2008
- ↑ 2010 PAC Summary Data, Open Secrets, accessed January 2011
- ↑ YUM! Brands lobbying expenses, Open Secrets, accessed January 2011
- ↑ YUM! Brands Key Executives, Yahoo Finance, accessed January 2011
- ↑ Yum! Corporate Governance, YUM! Brands, accessed January 2011
External articles
- Nichola Groom, "Animal Experts Quit KFC Over Confidentiality Pact", Reuters/CorpWatch, May 5, 2005.
External resources
- Kentucky Fried Cruelty: Cruelty USA, accessed January 2011
