Schwartz became Burger King CEO at 32; Kobza became CFO at 26
Daniel Schwartz · The Secretive PE Firm Behind Burger King, Tim Hortons, Skechers and Hunter Douglas (3G Capital) · Invest Like The Best · Feb 10, 2026 · at 42:42
Daniel Schwartz describes 3G Capital's practice of placing young executives into senior leadership roles at portfolio companies like Burger King.
0:00 / 0:06exact quote · 6.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Josh when he was 25, and when Alex promoted me to be CEO at 32, I think Josh became CFO at 26.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Daniel Schwartz
Schwartz: PE firms should buy one business and deploy top talent
“It's so hard to find great people. To be great CEOs. It's like, how are we gonna find 10? So I think it's great to be able to buy one business every once in a while and send in your A++ players to get involved.”
Schwartz: 3G routinely paid certain employees multiples of their peers' stock
“I did not allocate stock equally to people. I gave certain people multiples of what other people got based on our thoughts of people's existing and potential future contribution.”
Schwartz: Burger King memo projected 3x in five years, not platform M&A
“Well, I'd like to sit here and say the investment memo for Burger King said that it was going to be a platform company, and we were great visionaries... Well, there was a memo, it just didn't say that... No, it was after five years, this will be worth three ti…”
Schwartz: Retailers disintermediate CPG brands because they own customer relationships
“If you're a large retailer, be it a Walmart and Amazon or Costco. If you own the relationship with your customers, you have this ability to disintermediate the company selling to you.”
Schwartz: 3G Capital Sticks Exclusively to Simple, Long-Standing Moated Brands
“We've managed to stay pretty disciplined to stick to good, relatively easy to understand, well-moded businesses that we and our partners here could kind of wrap our heads around. Businesses that have ideally been around for a long time with strong brand franch…”
Schwartz: Staying Small Lets 3G Offer Founder Economics and Faster Promotion
“I think also staying quote unquote small allows us to attract some of the best, best, best people on the investment side here, because we could still offer people founder-like economics, a path to partnership, a path to taking on responsibility much, much fast…”