Satisfries will be phased out at about two-thirds of Burger King's franchised units in the U.S. and Canada, while 2,500 restaurants will make the lower-fat, lower-calorie french fry offering a permanent menu item, the company said Wednesday. A small order of Satisfries, which launched last September, costs 30 cents more than the chain's regular fries.
A study of welfare payments to the employed shows that fast-food workers are the biggest recipients of government handouts, with well over 4 in 10 workers receiving welfare payments. That's effectively a subsidy for the fast-food industry, and an argument in favor of higher minimum wages, writes Barry Ritholtz. "Raising the minimum wage to $11.33, the poverty level, effectively shifts the cost of eating greasy French fries and overcooked burgers from taxpayers to fast food consumers -- where they belong," Ritholtz writes.
EBay has become a de facto training ground for tech CFOs. The "eBay Mafia" comprises former financial executives who have become CFOs at top tech companies. EBay has a two-year training program to groom about 1,000 financial executives worldwide.
Burger King is set to introduce the French Fry Burger. The offering consists of a traditional hamburger topped with french fries. It is a way for the chain to make inroads in this market, as the trend has already taken hold among students and Burger King already has ingredients in house.
Candy, snack cakes, pretzels and most cookies all could be banned from schools under new federal regulations regarding snacks sold on campus, including in vending machines. Other items, such as high-calorie sodas and sport drinks, plus some juice drinks and most ice creams also could be banned. In their place, schools could sell such things as baked potato chips, granola bars, cereal bars, trail mix, dried fruits, fruit cups, yogurt, sugarless gum, 100% fruit drinks and baked lower-fat French fries.