Biglari: We will be here for years if necessary [1]
Sardar Biglari recently told investors in Biglari Holdings that he is perfectly willing to engage the directors of Cracker Barrel Old Country Store for years if necessary to get the changes he thinks the company should make. At Biglari Holdings' recent annual shareholders' meeting, Biglari used his home-field advantage to full effect earlier this month, calling out Cracker Barrel directors for refusing to consider changes he says would improve performance at the company. "We are not going away because we are truly long term," he said. "We are going to outlast the Cracker Barrel board."
Other phrases investors got to hear bandied about included "a discredit to capitalism," "strategies that protect deadwood" and "Management should admit the business is declining." Check it all out here [2].
SEE ALSO: Our coverage of Biglari's activity [3] in and around Cracker Barrel
(Ed. note: A previous version of this post included an inaccurate quote from another site. The quote has since been removed.)
- Area Stocks [4]
- Retail [5]
- Biglari Holdings Inc. [3]
- Cracker Barrel Old Country Store Inc. [6]
- activist investors [7]
- Sardar Biglari [8]
- Proxy contests [9]
- Restaurants [10]
- Shareholder activism [11]