Activist investor, chief executive butt heads on chain's future
Sparring has intensified between Cracker Barrel Old Country Store Inc. and activist investor Sardar Biglari, just ahead of the family-dining company’s Dec. 20 shareholders meeting, which will reveal whether Biglari gains a board seat and continues to push for change. The outcome of the proxy contest could dictate the future for Cracker Barrel, as Biglari is known to garner total control over his investments. He sought, and received, control over Steak ‘n Shake, which he then ...
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