After Cracker Barrel Uproar, Activist Investor Seizes the Moment
For activist investor Sardar Biglari, Cracker Barrel's about-face on its logo change isn't enough.
Biglari, chief executive of Steak 'n Shake and owner of an investment firm that is a shareholder in Cracker Barrel, has spent years swiping at the country-themed restaurant chain, waging unsuccessful proxy fights over more than a decade. The removal of the "old timer," the man on the restaurant's logo since 1977, proved an irresistible opening to agitate against the Tennessee chain.
When President Trump weighed in Tuesday, writing that Cracker...
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