The Globe and Mail’s Report on Business is carrying a
lengthy article today detailing how 3G Capital Inc. of Brazil has taken a hatchet
to management ranks of Tim Horton’s.
Hundreds of relatively senior managers have been fired
without warning.
The purges began even before 3G gained control of Tim Horton’s.
While the massacre was supervised by Daniel Schwartz, 35, who
runs Burger King for 3G and will be the boss when Burger King and Tim Horton’s
are merged, it was done while Alexandre Behring, one of 3G’s founding partners and RBI’s soon-to-be
executive chairman, looked on.
RBI is the
merged company for Burger King and Tim Horton’s.
3G bought
Kraft-Heinz with backing from Warren Buffet and his Berkshire Hathaway company.
Last week it
made a $143-billion offer for Unilever, but withdrew it when Unilever
complained that it “severely undervalued” the company.
Then this
week it bought Popeyes, an international chicken-restaurant chain with head
office in Atlanta.
