Home > Thoroughly Sick Of CEO Steve Ells, Chipotle Removes Him

Business
Thoroughly Sick Of CEO Steve Ells, Chipotle Removes Him

Description

Chipotle said Wednesday that it's replacing its CEO, Steve Ells, who founded the burrito chain more than two decades ago. According to Business Insider, IWasPoisoned.com reports the rate of self-reported foodborne illnesses is higher for Chipotle than any other restaurant chain in the US. The data indicates another outbreak attributed to Chipotle is possible within the next six to 12 months. IWasPoisoned.com allows people to self-report suspected foodborne illnesses. The crowd-sourced nature of the data leaves room for a large margin of error, but the website has a track record of accurately spotting illness outbreaks even before health officials or restaurant managers are aware. Just last week, Chipotle's stock slid more than 5% after an actor claimed he "almost died" after eating at the chain. Similarly, shares fell more than 14% in July after a norovirus outbreak at a single restaurant in Sterling, Virginia. Chipotle has been fighting to restore its public image since the 2015 E. coli outbreak that affected restaurants in 14 states and sent sales sliding by more than 30%. The company has lured customers back to its restaurants with millions of dollars in free food offers, and it has also made sweeping changes to its food preparation procedures to ramp up food safety and prevent another outbreak. But the volatility of the company's stock in relation to even isolated reports of suspected illnesses shows Chipotle still has work to do to restore the trust of both customers and investors.

Added on the 29/11/2017 13:15:42 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

More videosBusiness

Watch video of The Post-Brexit Recovery Across European Markets Has Stalled With Major Share Indexes Mixed And Safe-haven Demand For Precious Metals Helping The Price Of Silver Surge To A Near-two Year High.  But,  As Sonia Legg Reports, Trading Volumes Were Light Becasue Of The July 4 Public Holiday In The United States. - European shares end post-Brexit rally - Label : Reuters EN -
Business

European shares end post-Brexit rally

04/07/2016 15:56:29

Watch video of BP Slumps To Its Worst Annual Loss In 2015, The British Oil And Gas Company Announces, And Says It Will Cut Thousands More Jobs In The Face Of A Deep Rout In Oil Prices. Hayley Platt Reports - Oil prices drag BP to worst annual loss - Label : Reuters EN -
Business

Oil prices drag BP to worst annual loss

02/02/2016 14:51:34