While deflecting a big investor’s criticisms about depressed stock values and purportedly unchecked corporate overhead and capital spending, the parent of the Carl’s Jr. and Hardee’s brands posted trend-busting first-quarter results that exceeded expectations. That earnings report came just days after the chief executive of CKE Restaurants Inc. and three other directors were re-elected to its board as shareholders rejected a call for their ouster by the displeased New York ...

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