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Biglari Holdings Inc. Message Board

  • sweaty_sack sweaty_sack Jan 26, 2013 6:32 AM Flag

    Iranian has huge image problem

    Sardar Biglari has is not a "like-able guy." He wants to be like Warren Buffet, but falls far short.
    Recent failures:
    His own shareholders denied his plan to have Class A and B shares.
    He has been denied a board seat by CBRL, even though he controls shares representing just shy of 20%.
    His CBRL board seat denial vote was worse in year 2 than in year 1.
    His compensation plan is "questionable" at best and the perceived "greed" is the opposite of Warren Buffet.
    He can not complete "friendly acquisitions" like Buffet, since he is not trusted. This leads to failed proxy fights, large expenses, and capital exhausted in failed acquisitions.
    His continual efforts to enrich his position at the expense of shareholders, such as the recent name licensing and compensation announcements.
    While he likes to compare himself to Buffett, he falls far short.

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    • Everyone knows and has unlikables...thats not a problem unless your forced to sit down and have a SNS burger with them....My angst is his manner of deception, deceit, playing in the gray area and not producing results..............1st qrt restaurant net was down over 50%...........thats ridiculus...

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