Cracker Barrel calls special meeting

[unhappycamper]

http://www.mysanantonio.com/business/local/article/Cracker-Barrel-calls-special-meeting-5162003.php

Cracker Barrel calls special meeting
By Patrick Danner : January 21, 2014 : Updated: January 21, 2014 8:35pm

SAN ANTONIO — San Antonio activist investor Sardar Biglari has scored a minor victory in his long-running battle with Cracker Barrel Old Country Store Inc.

The Tennessee restaurant and retail chain on Tuesday agreed to call a special shareholders meeting after Biglari last week solicited shareholders to call for the meeting.

He wants the special meeting for the purpose of Cracker Barrel shareholders voting for a nonbinding proposal to “immediately pursue all potential extraordinary transactions, including a sale of the company.”

Biglari, chairman and CEO of publicly traded Biglari Holdings Inc., has been an outspoken critic of Cracker Barrel's leaders. He has urged them to maximize the value of the company.

[KoKo]

1. He wants to take over the Company...do a Bain Capital

and suck the money out while cutting food quality and probably cutting staff.

At least that's how the article read. Another one who wants to rape a company to line his own pockets. He wanted the company to pay a higher dividend so he could get better returns and when that didn't work out...he decided to try to buy it out.

This isn't about the Duck Dynasty merchandise that has DU'ers and others angry. This is about a greedy investor trying to buy the place...strip the profits out and either sell it off or run it into the ground. Just like Bain Capital, Carlyle Group and others do.

[MrMickeysMom]

2. I guess that 's how they're taught in school...

What a great model!