One sick worker is to blame for Chipotle’s $1B value loss
From nypost.com
Chipotle Mexican Grill on Tuesday said the $1 billion in value the chain lost over five days was caused by a single employee coming to work sick. The sniffly staffer spread the norovirus around a suburban Washington DC, store, sickening more than 130 customers. The headlines about the outbreak sent Chopotle’s shares on a five-day slide — cutting more than $1 billion off the Denver company’s market cap. “We conducted a thorough investigation and it revealed that our leadership didn’t follow our protocols,” said Chipotle founder and Chief Executive Steve Ells during a second-quarter earnings conference call on Tuesday. ...
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