San Antonio investor Sardar Biglari waging another fight with restaurant chain Cracker Barrel

San Antonio investor Sardar Biglari has nominated two candidates to serve on the board of Tennessee-based Cracker Barrel Old Country Store Inc.San Antonio investor Sardar Biglari has lost five proxy fights with Cracker Barrel Old Country Store Inc., but heBiglari, chairman and CEO of San Antonio-based Biglari Holdings Inc. —— has nominated two candidates to serve on Cracker Barrel’s board.

Sardar Biglari, chairman and CEO of San Antonio's Biglari Holdings Inc., has lost five previous proxy fights at Cracker Barrel Old Country Store Inc.San Antonio investor Sardar Biglari wants Cracker Barrel CEO to get the boot Bilney served as health insurance provider Humana Inc.’s chief consumer officer for seven years until her retirement in 2020. She has held executive roles with Bloomin’ Brands Inc., the parent company of such restaurant chains as Outback Steakhouse and Carrabba’s Italian Grill, and with Charles Schwab Corp. and Verizon Communications Inc.

That led the chain to adopt a poison pill in 2012 to ward off Biglari, or anyone else, from acquiring control of the chain without offering a premium to all shareholders.STANDING FIRM:Cracker Barrel has produced a minus 28.1 percent total shareholder return over the past five years and a minus 35.9 percent return since the start of the pandemic, Biglari wrote in a June letter to the company’s shareholders. It’s lagged the collective performance of its peers, he added.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Seattle CEO who cut his pay so workers earned $70K resigns“My No. 1 priority is for our employees to work for the best company in the world, but my presence has become a distraction here,” Price wrote in a statement on Twitter.
Source: TODAYshow - 🏆 389. / 55 Read more »

4 things to know about new ERCOT CEO Pablo VegasPablo Vegas, an energy industry executive from Ohio, will soon lead the Texas electric grid operator at a time when some doubt its reliability. Multiple...
Source: dallasnews - 🏆 18. / 71 Read more »

AMC CEO optimistic on future as rival Cineworld shares sinkCineworld, owner of Regal Cinemas, expects lower levels of admission through November 2022 due to a 'limited film slate.' It's reportedly planning to file for bankruptcy.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Disney CEO Bob Chapek Again Distances Himself From Bob Iger With Disney Pricing DecisionBob Chapek’s decision to boost Disney pricing 38% runs counter to predecessor Bob Iger’s pricing strategy. going to cancel disney +, not worth the increase
Source: nbcchicago - 🏆 545. / 51 Read more »

Downtown Huntsville Inc. CEO Chad Emerson stepping downThe founding CEO of Downtown Huntsville, Inc. is stepping down. I don't know him, but his efforts have made downtown Huntsville something to be proud of.
Source: aldotcom - 🏆 82. / 68 Read more »

Israeli Cyber Firm NSO Replaces CEO, Plans LayoffsThe Israeli cybersecurity company NSO Group is replacing its chief executive and will lay off 100 employees, the firm said Sunday
Source: WSJ - 🏆 98. / 63 Read more »