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).

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