MCD NOA Flexes its McMuscles Yet Again
By Mark Kalinowski
Published on February 20, 2019 at 12:00 AM
Regarding McDonald’s (MCD; Buy), we have learned that a co-founder of the National Owners Association (NOA) — the first-ever independent association of McDonald’s U.S. franchisees — has been elected the new chairman of the NFLA (National Franchise Leadership Association), which if we understand correctly is a reformulation of McDonald’s decades-old NLC (National Leadership Council).