Sardar Biglari’s First Rule Of Corporate Governance: Do As I Say, Not As I Do

5
August 17, 2012
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As an activist, Sardar Biglari has taken stakes in various companies, and, when he hasn’t gotten his way, pushed his agenda in the name of good governance.  See, for example, the recent amendment by the Chairman and CEO of Biglari Holdings(BH), of his 13D on Cracker Barrel(CBRL). Emphasis is...
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Sardar Biglari Adds Another Puppet To Biglari Holdings Board, Fails To Disclose Ties

4
August 15, 2012
Sardar Biglari Adds Another Puppet To Biglari Holdings Board, Fails To Disclose Ties

Sardar Biglari has found a fifth person to rubber stamp his decisions.  Biglari Holdings(BH) filed an 8-K yesterday noting it had added James Mastrian to its Board, increasing its size to six members. From the filing: On August 14, 2012, the Board of Directors (the “Board”) of Biglari Holdings...
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Cracker Barrel Adds Another New Board Member; Name Is Still Not Sardar Biglari

1
August 13, 2012

Cracker Barrel Old Country Store(CBRL) announced today that it had added Norman Johnson to its Board of Directors. The company proudly points out that he is the 7th new Board member added in the past 18 months.  Consistent with the company’s position in response to Sardar Biglari’s campaign for...
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Title Insurer Fidelity National Financial Agrees To Purchase… Another Restaurant Chain?

0
August 1, 2012
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If you own a house, it’s very likely you’ve purchased title insurance from Fidelity National Financial(FNF). After all, the company writes more policies than any other.  Increasingly though, it’s likely that you’ve eaten at one of the company’s restaurants.  Yes, you read that correctly. The company has been steadily...
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Sardar Biglari Adds Another Puppet To Biglari Holdings Board, Fails To Disclose Ties

Sardar Biglari has found a fifth person to rubber stamp his decisions.  Biglari Holdings(BH)...

Cracker Barrel Adds Another New Board Member; Name Is Still Not Sardar Biglari

Cracker Barrel Old Country Store(CBRL) announced today that it had added Norman Johnson to...

Title Insurer Fidelity National Financial Agrees To Purchase… Another Restaurant Chain?

If you own a house, it’s very likely you’ve purchased title insurance from Fidelity...

Marissa Mayer Gets It – New Yahoo CEO Wants More Engineers

As a Yahoo(YHOO) shareholder, I was thrilled with the news that Marissa Mayer would...

James Holmes, Mass Murderer And The Danger Of Hindsight

This is not our usual posting style or content. There are no specific actionable...

Trust, But Verify. Big Fees Don’t Guarantee Advice That Should Be Followed. Goldman Sachs ‘Deal’ Destroys Couple’s Life’s Work

The New York Times has an incredible story today about the ongoing litigation between...

Even The Widest Moat Won’t Stop A Helicopter

There is no doubt that the wide moat stands as one of the most...

Biglari Adds Old Rival To Biglari Holdings Board

Sardar Biglari has acquired a reputation as mercurial CEO, engaging in multiple proxy fights...

Bankrupt Kodak Finally Starts Killing Hopeless Businesses, Retains Doublespeak

Eastman Kodak(EKDKQ), in bankruptcy with its shares destined to be worthless, is finally starting...

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