Activist investor Starboard Value LP introduced its new affiliated blank-check company to the public markets Thursday, upsizing it to raising $360 million from an earlier target of $300 million...
Chicago-based burger giant files legal response to Easterbrook’s denial of wrongdoing; 'When McDonald’s investigated, its CEO lied,' McDonald's states in latest court filing...
Easterbrook was fired last November after admitting to having a consensual relationship with an employee, which violated company policy. At the time, the board agreed to a substantial severance plan that the chain now wants to recoup...
Hedge fund and activist investor in Papa John’s International, Inc. and Darden Restaurants, Inc. Starboard Value LLP filed on Tuesday for Starboard Value Acquisition Corp. to go public as a blank check or special purpose acquisition company with an IPO worth $300 million...
Checkers & Rally's names Frances Allen as new CEO The former Boston Market CEO succeeds Rick Silva at the drive-thru burger brand Nancy Luna | Feb 17, 2020 Frances Allen, who left Boston Market earlier this month , has been named the new CEO of Checkers & Rally’s...
In television interview, exiled founder criticizes brand leadership Nov 26, 2019 John Schnatter, former CEO of Papa John’s International Inc., added fuel Monday to his ongoing feud with the company he founded. In a nearly five-minute exclusive segment Monday with Louisville, Ky., television station WDRB, Schnatter said he’s eaten 40 pies in last 30 days. “And it’s not the same pizza,” he said in the interview, which also touched on the company’s controversies and ensuing leadership changes...
Vintage Capital Management said it is disappointed by Red Robin Gourmet Burgers Inc.’s rejection of its takeover bid and called into question the “staggering” compensation package offered to newly appointed CEO Paul Murphy , the firm wrote late Tuesday in a regulatory filing...
Fiscal performance shapes executive compensation trends Ron Ruggless | Aug 19, 2019 CEO compensation at the largest public restaurant companies varied widely last year, ranging from around $300,000 to more than $33 million, according to NRN research...
Del Frisco’s Restaurant Group Inc. reached détente Monday with Engaged Capital LLC in an agreement that expands the casual-dining company’s board and added a director endorsed by the activist investor...
Activist investor fears Luby’s will ‘chisel away’ real estate assets Hedge fund offers board slate for parent of Luby’s, Fuddruckers brands Ron Ruggless | Nov 29, 2018 Bandera Partners LLC is looking to shake up the board of Luby’s Inc., nominating a slate of candidates to address what it called “bloated corporate expenses” and the company’s sale of real estate...
Bloomin’ reports higher same-store sales amid activist pressure Outback Steakhouse leads way among four brands in Q3 Ron Ruggless | Oct 29, 2018 Same-store sales at Outback Steakhouse led the way among Bloomin’ Brands Inc.’s four concepts in the most recent quarter amid activist investor pressure, the company reported Monday...
Borrowing a page from the activist-investor playbook, former Papa John’s International Inc. CEO and chairman John Schnatter is promoting a new website to communicate directly with company employees and shareholders...
On Friday, Leon Capital Group announced through federal securities filings that it had made a 9.5-percent investment in Ruby Tuesday Inc. The filing was activist in nature, meaning that Leon Capital plans to hold talks with the company’s management. Here’s the kicker: Leon Capital is not an activist investor...
Two shareholder groups on Tuesday reportedly filed shareholder resolutions to ouster Chipotle Mexican Grill founder Steve Ells as chairman of the beleaguered chain’s board. Citing Chipotle’s disappointing third-quarter results and slow recovery from a foodborne illness crisis that has slowed traffic, Amalgamated Bank and CtW Investment Group have proposed replacing ...
Chipotle Mexican Grill Inc. is interviewing potential additions to its board of directors in response to efforts earlier this year by activist investors to shake ...
Bob Evans, which recently lost four seats to activist investor Sandell Asset Management, said it would sell its corporate aircraft, and has hired advisers to analyze its structure and potential cost cuts. Public stock investors are more willing to listen to the views of ...
Since December, Starboard has joined another activist investor , Barington Capital Group L.P., in calling for, among other moves, the breakup of Darden's two flagship chains from its LongHorn Steakhouse brand and the Specialty Restaurant Group of ...