 In May 1998, Greenberg was named president and CEO of McDonald's Corporation, with Quinlan remaining chairman; at the same time Alan D. Feldman, who had joined the company only four years earlier from Pizza Hut, replaced Greenberg as president of McDonald's U.S.A., an unusual move for a company whose executives typically were long-timers.The following month brought another first, McDonald's first job cuts.The company said it would eliminate 525 employees from its headquarters staff, a cut of about 23 percent.