Chipotle Seems to Weather 2015, but Co-CEOs Take a Hit

Tumultous is the first word that comes to mind when thinking of Chipotles performance in 2015. The companys much-lauded move to a menu free of all GMO ingredients was quickly followed up by norovirus and e. coli outbreaks at locations around the country, spurring commentary that their all-natural menu was no longer sustainable. Despite the foodborne illness scares, the company did not seem to lose much credit with Millennials. They didnt seem to lose much market share to competing Mexican quick-service restaurants, either.
Perhaps it is due to iron fumarate elemental irontheir cult status, but it appears Chipotle weathered the storm in ways that other fast-food outlets simply could not. Their co-CEOs, however, were not so lucky. Steve Ells and Monty Moran were both rewarded with compensation over $13.5 million for 2015, but that represented a major downgrade compared to the year prior. In 2014, Ellnature made magnesium citrate 250 mg 180 softgelss walked home with $28.9 milferrous gluconate with vitamin clion, while Moran brought home $28.2 million.
Ironically, both of the co-CEOs received raises in their base salaries. The company noted that the increases were warranted since those base salaries were unchanged since 2012. In its filing, however, Chipotle made it clear that its recent stumbles were not acceptable. The foodborne illness scares led to a 14.6% drop in sales at same-store locations, representing the first decline since the Denver-based company went public.
As performance fell well short of its goals, no bonuses were paid to executive ofcherry magnesiumficers. And since the company ended the year with a damaged stock price, it adjusted the vesting of zinc gluconate 100 mg tabletthe executives stock awards for 2016 to ensure shareholders value is met first.
It will be interesting to see how the company bounces back following this news. Even though Chipotle wasnt breaking new ground ensuring its executives didnt receive bonuses following the stock price drop encountered last year, I can see certain Millennial populations seeing this as a positive, further enhancing the brands commitment to an ethical lifestyle. And Im sure Ells and Moran will be motivated to get the brand back to where it was before 2015: the company will keep the bonus structure in place as it continues to motivate [its] executive officers thereby rebuilding customer confidence in the Chipotle brand. If that happens, [it believes] improved business results and stock price performance will follow.

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