In the autumn of 2011, activist investor, Sardar Biglari, has got nearly 10% possession in the Cracker Barrel restaurant chain.
He believes that senior management and the board have failed and the business has underperformed relative to its peers. Biglari starts a proxy fight in an effort to win a board place and alter the course of the strategy of Cracker Barrel, when he's denied a seat on the board.
They are undecided on supporting Biglari two leading proxy advisory companies, ISS and Glass Lewis, differ. Shareholders must decide.
Showdown at Cracker Barrel case study soluton
PUBLICATION DATE: January 13, 2014 PRODUCT #: 114026-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
Related Case Solutions & Analyses:
Bourland Companies
Constructing a Nation: The United States and Their Constitution–1763-92
Note on Financial Contracting: Deals
Accounting for Content at Demand Media
Seeking Alpha in the Afterlife: CMG Life Services and the Life Settlement Industry
Blackstone Alternative Asset Management
Corporate Finance Project
Hubei Lantian
Converse Health System
Note on Option Valuation
