Even after getting approval from Mug Lewis (one of the major proxy advisory organizations), Biglari gotten merely 6.5 million stockholder ballots than the several million to the incumbent director. That it beat try the new closest the guy actually came to winnings over Cracker barrel. Though it did flourish in creating the fresh replacement away from then Chief executive officer Michael Woodhouse that have Sandra Cochran, next year the guy revealed another campaign, nominating themselves and you may a friend, just to found almost 1 million less votes. Biglari’s vision to own Steak ‘n Shake would be to revitalize the brand new ailing brand name from the implementing firmer prices regulation, enhanced solution, and you will a far more business therapy.
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Cracker barrel Chief executive officer claims it was the genuine cause for disastrous symbolization changes: ‘Not ideological’
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