Tuesday, August 26, 2014
All-American Burger King
I'm getting really tired of the lazy coverage, even in the business-news media, of the Burger King--Tim Horton's proposed merger. "All-American" Burger King? Burger King was owned by a British conglomerate from 1989 until 2002, and since 2010 has been controlled by a Brazilian private-equity firm (though it has publicly traded stock). Yes, it is talking about a tax inversion, but that seems to be a relatively small part of the story, unlike the Walgreen's situation. Do your homework, people!