Word: consortiums
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Dates: during 1990-1999
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...entrepreneurs (who run 84% of the stores), a couple of hundred figure to be unhappy at any given time. A tougher environment always increases the background noise. But there is also some real shouting going on by a number of dissidents in a group called the consortium, organized by Dick Adams, a former Mac franchisee and executive...
...dissidents are most vocal about a corporate-expansion strategy that they claim has flooded some markets with stores. "I can put up with a Burger King but not with another McDonald's down the road," says Bob Srygley, a consortium member based in Monticello, Ark. Complains LuAnn Perez, whose store on Route 50 in Cameron Park, Calif., is flanked by others: "Business was great until four other McDonald's were built between Sacramento and us." She and her husband are suing the company over the sale of their business...
...competition stiffened, a set of Golden Arches has become less golden and more arch. The average franchisee owns 3.4 stores, each of which generates about $1.5 million in sales. With profits falling, though, the resale value of a store is half that of three years ago, according to the consortium's Adams...
...members of the consortium met with a number of department chairs in what Nagy referred to as a "Foreign Language Summit...
...years a consortium of elite American universities including Harvard, MIT, Princeton and Yale exchanged data about their tuition rates, agreed never to grant aid solely on the basis of academic merit and met to negotiate how much need-based financial aid individual students would receive...