Burger King's new CEO makes big changes and big cutbacks

33-year old Daniel Schwartz joins the burger family.

The new members of Burger King, which includes Schwartz and a 28-year-old chief financial officer, has apparently helped turn the struggling burger chain into a “cash machine,” according to Devin Leonard of Bloomberg Businessweek, in an article published by the Business Insider.

Click here to read the full story at the Business Insider

“These days… Burger King is behaving more like a startup than a typical burger chain,” Leonard writes.

The article noted, "under the direction of 3G, Schwartz has helped reduce Burger King’s corporate headcount from 38,884 to 2,425 and he’s implemented deep cost-cutting measures that axed many executive perks, including lavish offices that employees called 'Mahogany Row' and a $US1 million annual party at a chateau in Italy."

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