Sardar Biglari
Federal court to hear Steak n Shake franchisee appeal
May 21, 2012
Scott OlsonThe case involves an Illinois franchisee of Steak n Shake that successfully sued the company over its mandatory menu and pricing
policies. The company's appeal is set to be heard Wednesday by a federal appeals court in Chicago.
MorePROXY CORNER: Biglari Holdings Inc.
January 7, 2012
Biglari Holdings Inc. is a San Antonio-based holding company that owns Indianapolis-based Steak n Shake, Roanoke, Va.-based
Western Sizzlin and invests in a diverse range of businesses.
MoreCracker Barrel rebuffs Biglari
December 20, 2011
IBJ StaffCracker Barrel shareholders appear to have rejected Sardar Biglari’s move to join the restaurant chain’s board,
but stopped short of passing a “poison pill” plan that would deter outside investors from taking over the business.
MoreCEO: Steak n Shake poised for global growth
December 13, 2011
Scott OlsonIn his annual letter to shareholders, Sardar Biglari says he has commitments for 110 new franchises and thinks the Indianapolis-based
restaurant chain could take its concept overseas.
MoreBiglari set to make big move on Cracker Barrel
December 9, 2011
Associated PressCracker Barrel will hold its annual shareholder meeting Dec. 20, and Sardar Biglari, who controls Indianapolis-based Steak
n Shake, is seeking a seat on the company's board of directors.
MoreCracker Barrel battling to keep Biglari at bay
October 15, 2011
Greg AndrewsCracker Barrel Old Country Store Inc. has rejected Biglari’s request that directors appoint him and business partner
Phil Cooley to the board. It also has rolled out a “poison pill” plan that would deter outside investors from
taking over the business without negotiating with the board first.
MoreWill Biglari use Steak n Shake playbook at Cracker Barrel?
July 2, 2011
Greg AndrewsBiglari Holdings began scarfing up Cracker Barrel shares in March and now has amassed a 9.8-percent stake worth $109 million.
MoreNew rules rile Steak n Shake franchisees
February 5, 2011
Cory SchoutenFranchise owners of Steak n Shake restaurants are revolting against parent company Biglari Holdings Inc. just as the chain
plans a nationwide expansion fueled by franchising.
MoreBiglari's revised incentive package approved by shareholders
November 8, 2010
Anthony SchoettleAfter criticizing an earlier pay proposal, 82 percent of Biglari Holdings' shareholders approved a scaled-back bonus agreement
for their CEO.
MoreBiglari shakes up Steak n Shake building format
October 23, 2010
Cory SchoutenThe new prototype design for Steak n Shake restaurants will be smaller, featuring sections of floor-to-ceiling glass and an
exterior that throws off a retro vibe, its signage attached to a protruding fin.
MoreBiglari adjusts controversial pay proposal
October 1, 2010
Cory SchoutenThe parent company of Steak n Shake restaurants has scaled back a controversial pay package for its CEO in hopes of securing
shareholder approval of the plan at a rescheduled special meeting.
MoreSteak n Shake parent postpones meeting amid pay uproar
August 10, 2010
Scott OlsonSan Antonio-based Biglari Holdings Inc. said late Monday it will delay a planned Aug. 24 shareholder meeting to give the company
time to
address "misinformation" regarding its CEO's controversial pay package.
MoreBiglari invests $41M in Steak n Shake parent over 2 months
July 3, 2010
Cory SchoutenThe CEO of the parent company of Steak n Shake spent $40.8 million to acquire more than 134,000 shares in May and June. He
now controls about 202,000 shares, or 14 percent of the 1.4 million shares outstanding.
MoreUnorthodox pay package puts Biglari on defensive
May 15, 2010
Greg AndrewsSardar Biglari, chairman and CEO of Biglari Holdings Inc., the Texas-based parent of Steak n Shake, rolled out a hedge-fund-style
compensation plan for himself late last month that could put staggering sums in his pocket.
MoreBiglari Holdings targets auto-parts chain
May 3, 2010
Cory SchoutenThe parent company of Steak n Shake restaurants is angling to acquire a huge stake in the Advance Auto Parts chain.
MoreBiglari's comparisons to Buffett debated
April 17, 2010
Cory SchoutenSardar Biglari has copied some of the trademarks of his investing idol, Warren Buffett, including a folksy annual letter to
shareholders. But Biglari is just starting his career and already is showing signs of taking a different approach than that
of the Oracle of Omaha.
MoreSteak n Shake unveils new restaurant prototype
April 9, 2010
Cory SchoutenThe company now known as Biglari Holdings Inc. on Thursday unveiled a new prototype for future Steak n Shake restaurants.
CEO Sardar Biglari said the goal is to open about 1,500 new franchise locations in the coming years.
MoreUPDATE: Steak n Shake shareholders OK name change
April 8, 2010
Cory SchoutenSteak n Shake Co. shareholders on Thursday approved changing the parent company’s name to Biglari Holdings Inc. Shares
begin trading under the new name on Friday.
MoreSteak n Shake CEO woos investors in New York City
April 8, 2010
Cory SchoutenSteak n Shake Co. doesn't operate a single restaurant in New York City, where it is hosting its annual meeting Thursday.
But the world financial capital is chock full of high-profile investors intrigued by Steak n Shake CEO Sardar Biglari's
plans to harvest cash from the 485-location restaurant chain and deploy it on other investments.
MoreUPDATE: Steak n Shake confirms new corporate HQ
February 9, 2010
Cory SchoutenThe Steak n Shake Co. updated its Web site this week to reflect a new corporate headquarters address in San Antonio, confirming
a story in IBJ's Feb. 8 print edition.
MoreSteak n Shake changing its name, moving HQ to Texas
February 6, 2010
Cory SchoutenIndianapolis is on the verge of losing one of its most prominent public companies. The Steak n Shake Co. is planning to
change its name to Biglari Holdings Inc. and move its headquarters to San Antonio. The Steak n Shake restaurant chain would
retain a presence in Indianapolis.
MoreSteak n Shake posts profit, plans new corporate name
January 29, 2010
Associated PressSteak n Shake Co. said Friday it posted a fourth-quarter profit, and said it is planning to change its corporate name to Biglari
Holdings Inc.
MoreSteak n Shake slashes restaurant spending as CEO hoards cash
January 2, 2010
Cory SchoutenFrom 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment
for existing
ones. In 2009, the locally based
chain spent just $5.8 million.
MoreBiglari was persistent in pressing Western Sizzlin deal
November 23, 2009
Greg AndrewsSteak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure
of the $39 million transaction.
MoreSteak n Shake's Biglari adds intrigue by buying stake in insurer
October 31, 2009
Greg AndrewsThe Indianapolis-based company's CEO revealed earlier this year that he intends to use Steak n Shake as a holding company
that will pursue purchases “either related or unrelated to its ongoing business activities.”
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Great article Anthony. Glad IMS is finally being run like a business and not a personal check book to finance the "Vision".
Things are looking up but 15 years of scorched earth won't be fixed overnight. Unfortunately the TV ratings are still poor and that won't change anytime soon with the brilliant 10 year contract signed under the former regime.
Brett not sure why you wonder what he said in his quote. "''I would like to jump in a time machine, go back to 1995, and tell the owners and Tony George not to split,'' Franchitti said. ''As soon as my time machine is done, I know where I'm going.''"
Pretty clear, he would love to go back and tell TG and the team owners not to split.
I am not sure there is anyone who wanted the split, and I don't think there is anyone who would not like to go back and prevent the split. But, as has been discussed ad nauseum, without the split carts management by team owners would have run all of ow racing into bankruptcy. If cart had such a wonderful product, then losing IMS would not have forced it into bankruptcy. If NASCAR lost Daytona or Charlotte, it would not fail like cart did.
Truth,
So you predicted that cart would go into bankruptcy and cease to exist while Indycar would continue on? I missed that prediction.
I want to live in a city that has a garage structure to be proud of for it's innovating design!
Well written Anthony. I think the toughest thing for the Hulmans and true of any family company is that reality was getting more complex than could be handled by the family. Almost any family owned business must realize that or die. Tough decisions, but ones that had to be made.
I don't like the wall signage, but in this era of sports marketing it is almost required. Many folks cringed at advertising at Assembly Hall and Hinkle fieldhouse, but times and finances change.
Thanks also for reminding us the other blue chip sponsors IMS has picked up.
Not to mention how it would improve the view from the offices of the AUL building. Do you remember when Circle Center had a contest for the best roof design after the mall was completed? Great opportunity here...