Fresh off his successful campaign to to take the company from its shareholders using their own funds, Biglari Holdings(BH) CEO Sardar Biglari is spending his time creeping out supermodels.
Sexy Brazilian model and actress Alessandra Ambrosio appears in a nude cover photo on the new issue of Maxim — but it is a photo inside that has her steamed.
The 34-year-old brunette did not like that 38-year-old investor Sardar Biglari, whose Biglari Holdings purchased Maxim in 2014, stuck around for every minute of the two-day shoot last summer in Monte Carlo, an insider said.
At one point, insiders said, the Victoria’s Secret stunner reluctantly agreed to pose in a photo with Biglari on a balcony of the Hotel de Paris — with the express understanding it was not for publication.
Alessandra “was creeped out by Biglari, who hung around on the set,” said the insider.
“That’s not going to run, right?” an insider said she asked Fashion Director Wayne Gross after the photo with Biglari was taken.
She was assured it was not for publication, the insider said.
But the Ambrosio and Biglari photo — with him dressed in white and puffing on a big cigar — was published, splashed in a huge way on a two-page spread under the headline, “A View to Kill.”
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A spokesman for Ambrosio told Media Ink his client had no trouble with the nude cover photo shot by noted fashion photographer Gilles Bensimon.
“She tweeted it on Instagram,” the spokesman, Milos Blagojevic, at Full Picture Management, told Media Ink.
Asked if she objected to the publication of the photo of herself and Biglari, he said: “We have no comment on that.”
Presumably, wanting to earn his keep for the ridiculous licensing deal he forced the company to sign for the use of his name, Mr. Biglari has affixed his signature to the cover of Maxim.
In the December issue, a version of his signature appears in the upper left corner of the magazine.
A Maxim spokeswoman said his signature will now appear on all future issues.
Biglari supervised the December issue after Lanphear’s ouster, insiders said.
Where is the share price of the company whose stock he tendered for at $420 per share- using company funds invested in his Lion Fund? It closed Friday at $369.86. Biglari doesn’t care, we guess. Through that maneuver, he was able to cement his control of a company he has put very little of his own money into and ensure his continued ability to creep out supermodels. Shareholders passed on their chance to oust Biglari in a proxy fight early this year- they are now getting the management they deserve.
Warren Buffett, whom Biglari consciously tries to clone, once said
“Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.”
Mr. Biglari certainly seems to be intelligent, and has a lot of energy. Investors should be quite wary before putting in their lot with him at the helm.
Disclosure: The author owns no shares of any stock mentioned
When that pic first came out, I thought it was photo-shopped. I wanted to think he wouldn’t be so stupid to want to portray himself in that manner. Silly me.
Im very glad to have tendered the bulk of my position. And sold some prior to the tender at $413.50.
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