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That said, could you explain: With the current low interest rate environment what is, as an example, McDonalds (MCD) a slow growth company in a slow growth industry, to do to provide better return for their investors in a very competitive investment environment ?

Innovate. That's what you're supposed to do. It's what powers the standard of living (productivity) over time.

If you're not going to do that then why should you get any of the benefits of corporate ownership (e.g. limited liability, etc)

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