2015 Business Week Keynote - Jack Hartung, Chipotle Mexican Grill Video
Jack Hartung '79. MBA '80
Chief Financial Officer, Chipotle Mexican Grill
Jack Hartung joined Chipotle as Chief Financial Officer in 2002, when Chipotle was a privately-held company with fewer than 200 restaurants. Chipotle became a public company with its highly successful initial public offering in 2006, and now has more than 1,700 restaurants, all company owned, and a market capitalization of nearly $20 billion. Chipotle is changing the way people think about and eat fast food, by serving food made from sustainably raised ingredients, and by developing a high performing people culture where nearly all managers are promoted from crew.
In his current position, Jack oversees all aspects of Chipotle’s finance department, including financial and strategic planning, financial reporting, investor relations, tax and business strategy. Jack also oversees IT and Safety, Security and Risk.
Prior to Chipotle, Jack worked at McDonalds for 18 years in various capacities, most recently as Chief Financial Officer for The Partner Brands group. He also worked for Coopers and Lybrand for four years. Jack holds a Bachelor of Science degree in Accounting and Economics, and a Master’s Degree in Business Administration with a concentration in Finance, both from Illinois State University. He earned his CPA and CMA shortly after graduating from Illinois State University. In 2007, Jack was inducted into the Illinois State University College of Business Hall of Fame. Additionally, Hartung was the recipient of the 2014 Alumni Achievement Award that is presented to Illinois State alumni whose achievements in their field or avocation have received favorable statewide, national, or international recognition; who have received honors from associations or employers; or whose work has proven beneficial to a pronounced segment of society.
http://business.illinoisstate.edu/businessweek/
About the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
Content and Users 🎵
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
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