McDonald's CEO Steps Down Amid Falling Sales08:28

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McDonald's announced late Wednesday that CEO Don Thompson would be stepping down after two and a half years at the helm. Thompson was the company's first African-American CEO.

Steve Easterbrook, who serves as McDonald's senior executive vice president, will take over from Thompson on March 1.

The change comes after McDonald's recently reported a 21 percent drop in global profit for its latest quarter. Derek Thompson of The Atlantic discusses the move with Here & Now's Jeremy Hobson.


This segment aired on January 29, 2015.

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