3 ms·
I don't really get the question of "if" for anyone close to this size. It goes back to the old adage, "If you owe the bank a million dollars, you have a problem
by tclancy 7y ago
I don't really get the question of "if" for anyone close to this size. It goes back to the old adage, "If you owe the bank a million dollars, you have a problem. If you owe the bank a billion dollars, the bank has a problem". A corporation as large as McDonalds can dictate terms to whoever holds their debt.
- elliekelly 7y agoBut in the case of rent payments McDonalds is the bank. Whether or not McDonalds decides to defer rent the number of franchisees who can afford to remit payment is going to decline. A handful of franchisees unable to pay is a problem for those franchisees. A majority of franchisees unable to pay is a problem for McDonalds. It's better for McDonalds to address the issue/uncertainty now.
- heavenlyblue 7y agoHowever, if you and a thousand others owe the bank a million dollars, bank has an even bigger problem than just being owed a billion