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Steak n Shake
Biglari 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.
MoreAs Sardar Biglari stirs controversy, Steak n Shake hums along
September 11, 2010
Greg AndrewsSardar Biglari has a penchant for self-promotion. But he's also making a good case for his management skills.
MoreSteak n Shake parent sees profit, revenue rise
August 16, 2010
Scott OlsonBiglari Holdings Inc. said revenue in the quarter rose 9.4 percent over the year-ago period and same-store sales increased
by 7.5 percent
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.
MoreRetailers gain upper hand in negotiations with landlords
July 24, 2010
Greg AndrewsShop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep
properties filled and vibrant.
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.
MoreDenny's proxy fight follows Steak n Shake template
May 4, 2010
Cory SchoutenA group of dissident investors is trying to wrest control of the Denny's restaurant chain using the same formula that
led to a successful takeover of Steak n Shake.
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.
MoreNational animal-welfare group targets Steak n Shake
January 14, 2010
Andrea Muirragui DavisThe Humane Society of the United States bought $2,000 worth of Steak n Shake stock this week in hopes of getting the company
to work with food producers that use humane farming methods.
MoreSteak n Shake CEO buys more shares
January 12, 2010
Cory SchoutenSteak n Shake Co. CEO Sardar Biglari bought $290,000 worth of stock in the Indianapolis-based burger chain last week in another
big bet
the company's shares are undervalued.
MoreEDITORIAL: Biglari putting Steak n Shake's future at stake
January 9, 2010
IBJ StaffThe company’s return to profitability under CEO Sardar Biglari can’t be overlooked. But neither can strong signals
that Steak n Shake’s CEO is using the venerable restaurant chain as a cash machine to finance his
bigger goals.
MoreInsurance company rejects Steak n Shake takeover bid
December 23, 2009
Cory SchoutenA small Michigan insurer has rejected an acquisition bid from The Steak n Shake Co., describing the offer as a "hostile takeover
attempt."
MoreUPDATE: Steak n Shake turning away from core business
December 22, 2009
Cory SchoutenThe Steak n Shake Co. is taking a dramatic turn away from its core business with a bid to purchase a Michigan insurer in a
deal valued at almost $37 million.
MoreBREAKING: Steak n Shake offers to acquire Michigan insurer
December 22, 2009
Cory SchoutenThe Steak n Shake Co. has offered to acquire all of the outstanding shares of Fremont Michigan Insuracorp Inc. in a deal
that could be worth almost $37 million.
MoreUPDATE: Steak n Shake plan makes 'perfect sense' to investment pro
December 15, 2009
Scott Olson, Cory SchoutenThe Steak n Shake Co.’s unusual plan to initiate a reverse stock split has the support of at least one local investment
adviser,
if in fact the company’s CEO is attempting to model it after Warren Buffett’s holding company, Berkshire Hathaway.
MoreSteak n Shake plans 20-1 reverse stock split
December 15, 2009
Cory SchoutenThe Steak n Shake Co., in an unusual gambit, plans to initiate a reverse stock split that would reduce its number of shares
outstanding from almost 29 million to just 1.4 million and boost its per-share price from roughly $12 to $240.
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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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.