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Stock impact report

NASCAR's Larson fired after sponsors walk over N-word slur [ABC News]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: ABC News
CHARLOTTE, N.C. -- As sponsor after sponsor dropped Kyle Larson after he used a racial slur during a live-streamed virtual race, his NASCAR team owner was backed into a corner.Chip Ganassi could let McDonald's and Credit One Bank and Chevrolet pull their funding and bankrupt his team or he could cut ties with the driver he had plucked from sprint car racing and groomed into an elite stock car driver.It was essentially out of Ganassi's hands.He fired the 27-year-old Larson on Tuesday in what he described as “an emotional call” — the only move possible to stabilize his organization.“I told Kyle he can come back from this; he can even come back from this with our team,” Ganassi told The Associated Press. “But there really wasn't any choice.”Larson's stunning downfall took less than 48 hours, unusual in its details and coming with sports everywhere basically shutdown during the coronavirus pandemic. The most coveted upcoming free agent in NASCAR lost almost every sponsor he had in what co Show less Read more
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