Day: October 31, 2020

For the first time since 2012, the fast-food chain will release its famed BBQ rib sandwich nationally.

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Mark your calendars. On December 2, McDonald’s will be rolling out McRibs across the US. 

What’s the big McDeal, you ask? The McRib (which consists of a boneless pork patty shaped like a miniature rack of ribs, barbecue sauce, onions, and pickles) is a cult classic among McDonald’s fans, a cultural phenomenon, and the subject of countless memes. This is the first time since 2012 that the restaurant chain has released the sandwich nationwide. 

Credit: Quickmeme

The news was first leaked by the website McRibGate, which tracks all things McRib and publishes stories on customers’ greatest McRib Moments. Editors there got ahold of

“Congratulations, we work for an underperforming business in a crappy industry and it’s going to be hell for the next 12 months,” chief executive John Pluthero wrote in a memo to the employees of Cable & Wireless in 2006. “If you are worried that it all sounds very hard, it’s time for you to step off the bus. This is no longer a place for the timid.”

In 2011, CEO Stephen Elop posted a similar missive to Nokia’s 130,000 employees: “I have learned that we are standing on a burning platform. And, we have more than one explosion — we have multiple points of scorching heat that are fueling a blazing fire around us.”

The assessments weren’t far from wrong, but they also didn’t lead to successful transformations: Cable & Wireless was split up in 2010 and its businesses sold off; Nokia sold its once high-flying mobile and devices business

Kerala was adjudged the best-governed state in the country, while Uttar Pradesh ended at the bottom in the large states category, according to the Public Affairs Index-2020 released by the Public Affairs Centre here on Friday.


In its annual report released on Friday, the city-based not-for-profit organisation, headed by former Indian Space Research Organisation (ISRO) chairman K Kasturirangan, said the states were ranked on governance performance based on a composite index in the context of sustainable development.



Four southern states, Kerala (1.388 PAI Index point), Tamil Nadu (0.912), Andhra Pradesh (0.531) and Karnataka (0.468) stood in the first four ranks in the large state category in terms of governance, it said.


Uttar Pradesh, Odisha and Bihar were at the bottom of the ranking, scoring negative points in the category. They got -1.461, -1.201 and -1.158 points respectively.


In the small state category,


The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 2 lakh on an employee of Company, Theekevedu B. Alexander, for violating insider trading norms in 2018.


The investigation by the capital regulator found that the designated employee of the company and his spouse had traded in the scrip of when the trading window was closed, in violation of (PIT) Regulations, 2015.



Alexander had traded on two trading days during the period from September 23 to November 12, 2018 — a period during which the trading window was closed.


The noticee will have to pay the said amount of penalty within 45 days of receipt of the order.


–IANS


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(Only the headline and picture of this report may have been reworked by the Business Standard staff;