How a 33-Year-Old Ended Up Heading Burger King Worldwide Inc (BKW)

Recently, Bloomberg Businessweek has come up with a cover story titled “Burger King Is Run by Children,” which details the story of Burger King Worldwide Inc (NYSE:BKW)’s new CEO, Daniel Schwartz, along with the other young members of the company’s top management.

The writer of the cover story, Devin Leonard, has discussed about it and about the top management of Burger King Worldwide Inc (NYSE:BKW) on Bloomberg’s program, ‘In the Loop’.

“Here is a 33-year-old CEO in-charge of Burger King […] He’s a guy who  went to Cornell, he grew up on Long Island and he spent about a year, sorry, a decade on Wall Street, and he went up working for 3G [3G Capital Management LLC], the Brazilian private equity firm and this is sort of out of their playbook, they put young people in top positions on the companies that they buy and I guess he is sort of, set the record. I mean he is, was 32 when [he was appointed as the CEO],” Leonard said.

Burger King Worldwide Inc (NYSE:BKW)

The team that Daniel Schwartz is heading as the CEO of Burger King Worldwide Inc (NYSE:BKW) is also very young. Mr. Leonard remarked that the CFO of the company, Joshua Kobza, is 27 years old. He also considers that the young management of Burger King Worldwide Inc (NYSE:BKW) has actually proven beneficial for the company, as is evident from their first quarter results and the fact that, 3G Capital Management LLC bought the company for $4 billion, while Burger King Worldwide Inc (NYSE:BKW) currently has a market cap of more than $9 billion.

“Burger King is growing, like McDonalds, like Wendy’s. Everybody is having a tough time in North America, but one of the things that Burger King has done and Daniel Schwartz, the CEO sort of of orchestrated all these deals, but they found all these franchisees in other countries and ‘money people’ and basically they are growing overseas, even though North America is kind of flat,” Leonard added.

Disclosure: None

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!