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Ruby Tuesday, Inc. Message Board

  • gilligan1123 gilligan1123 Apr 15, 2002 10:37 PM Flag

    TOTAL CHANGE!!??!!??

    It has been brought to my attention that Ruby Tuesday as we know it will no longer exist come summer time. I have no idea why Sandy and the boys would want to do such a thing. I'm sure that THEY think it's for the better, but my interviews with staff appear to the contrary. Apparently a major overhaul in how they do business, even down to a name change, are in the works.Obviously, one of three things will happen,,,A) Everyone stays status quo...i.e. the Company keeps doing great, as well as the stock....B) The change is much for the better...or C) they incurr incredible employee turnover, loss of name recognition, poor guest support from the get go (These guys are pros, however, any loss of guest satisfaction will be overcome), and front line management disbeleif, resulting in store level management turnover. While my Ruby's position at this point is not that substantial, it does comprise a large portion of my ROTH. I must say that in years past I have been a STRONG advocate of the company and it's management, but I must question this...and am considering selling my position. The key word is considering, as I would like to hear more regarding the outlook from Sandy Beall and Robert McGl. I didn't read of any mention in the web based quarterly report. Everything seemed to be going great, and we're looking forward to another split. I had the pleasure of meeting Robert about 2 1/2 years ago, and was more than impressed with his ideas and ideals...thus my openess to find out what is going on and the future of the company. Any feedback is welcome and appreciated. This company has been a big winner, and I'd like it to stay that way. I would just like to know what the game plan is.

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