IBJNews

Steak n Shake CEO woos investors in New York City

Back to TopCommentsE-mailPrintBookmark and Share

Steak 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 CEO Sardar Biglari's plans to harvest cash from the 485-location restaurant chain and deploy it on other investments.

Biglari has gained credibility from a rapid turnaround of the struggling restaurant chain and its conversion into a holding company for a diverse portfolio of investments. Steak n Shake Co. acquired Western Sizzlin, another chain Biglari controlled, and has made a bid for a small Michigan insurance company.

A key item up for a vote at the annual meeting, at the tony St. Regis hotel, is whether to change the name of the publicly traded company to Biglari Holdings Inc., to better reflect its ownership of more than just the steakburger-focused restaurant chain.

Biglari already has moved the parent company's headquarters to San Antonio, where his Lion Fund hedge fund is based. The subsidiary company Steak n Shake Operations Inc. still has its operations in downtown's Century Building.

IBJ is covering the meeting live in New York City. For up-to-the-minute updates, follow IBJNews on Twitter and check back at IBJ.com.

ADVERTISEMENT

  • You recent TV ad
    As a Roman Catholic I resent your use of Sacred Church music to promote your products.
    Shame on you! I stopped going to Hardees because of their tastless ads and you will blacklist you also.
  • Marketing
    To the CEO of Steak and Shake. I'm a fanantic user of one of Steak and Shakes products. I beleive this product could be and should be the greatest and what could be a very porofitable marketing items you have today. I'm a stay at home father who prepares luch AND dinner for my family each and everyday. I purchased this item from one of your local establisments and use it in just about every dish I prepare. They LOVE the addition to their food! I believe I can help Steak and Shake market this product to outside companies and enhance and expand the quality of thier product by using your "special" product I use. In doing so, I beleive in a increase of company profitablity to both Steak and Shake and ventured companies. Please contact me to discuss. As a consumer of one of your most unbelievable products in just about every dish I prepare for my family and friends, Steak and Shake could be missing it's focus across America. I believe I can help Steak and Shake market this product and expand its profits across America and possibly around the world.

    Thank you,
    Scott Headrick
    702-343-9643

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

ADVERTISEMENT