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McD’s CEO touts record for creating black millionaires, says more work to be done

CNBC 06/16/2020

McDonald’s CEO Chris Kempczinski told CNBC’s Jim Cramer that his company’s franchise system has “probably” created more black millionaires than any other business in the world, but there is still room to improve when it comes to racial matters. The fast-food giant has faced criticism for its treatment of black employees and franchisees. Two former senior executives at McDonald’s have sued the company for racial discrimination. Black customers account for roughly one-fifth of the company’s revenues in the U.S.

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