I did not say McDonalds is privately owned ... I said most (not all, but most of them ... 90% of them) McDonalds locations are franchises ... meaning an individual pays McDonalds Corporation a franchise fee and a percentage of their sales, for the right to open up their own McDonalds restaurant that they operate, themselves. These individuals hire the employees or hire a manager who hires the employees. When it comes to what these individual owners decide to pay their employees, McDonalds Corporation has no say or involvement.<quoted text>McDonald's is privately owned?
Yeah, just checked and it's not. But I'm not prepared to argue with you about this. I don't feel like taking all the abuse.
I actually checked too and the start up costs for someone who wishes to start on mcdonalds restaurant is between about 1 million to over 2 million, with an average net operating profit of 150k. I don't think that is greedy considering all the money they must front to start a business, not to mention having the responsibility of being the owner and all that comes with that.