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Stock impact report

Does Steak 'n Shake have a beef with Cracker Barrel? Burger chain owner wants CEO out [Yahoo! Finance]

Biglari Holdings Inc. Class B (BH) 
US:NYSE Investor Relations: biglariholdings.com/reports.htm
Company Research Source: Yahoo! Finance
The burger diner chain, on social media, outed itself as being behind a billboard in Nashville, Tennessee, calling for the ouster of Cracker Barrel CEO Julie Felss Masino. Steak ‘n Shake in a post on X admitted its CEO Sardar Biglari bought the billboard reading, “Fire the CEO.” "Yes, we are responsible for this billboard," Steak 'n Shake's post reads. "Cracker Barrel's board has failed its shareholders. It has spent over a decade fighting with one of its largest shareholders rather than collaborating for the good of the company." In the post, Steak 'n Shake, which has courted President Donald Trump supporters and gained recognition from U.S. Health and Human Services Secretary Robert F. Kennedy Jr. adds that Cracker Barrel "has been at the forefront of the (Diversity, Equity, and Inclusion) movement," while seeing "reduced food quality and burned millions on failed acquisitions." Previously: Cracker Barrel remodel is too much for some customers. Bulk of makeovers are in Indi Show less Read more
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