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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!