Tag Archives: Biglari

Sardar Biglari- Serial Defamation Victim?

By | March 28, 2016

We have to be careful what we say about Sardar Biglari, CEO of San Antonio-based Biglari Holdings(BH). After all, if he doesn’t like it, he might sue us. For the second time in months, Biglari has filed a defamation suit. Marc Gagni of Gagni Asset Management Inc., a San Antonio investment adviser, stands accused of making false statements… Read More »

Biglari Continues To Pursue Revenge Against Swenson On Company’s Dime

By | December 14, 2015

Earlier this year, Nick Swenson dared to threaten Sardar Biglari’s reign at Biglari Holdings(BH) by launching a proxy fight.  Due, in part, to Biglari voting company owned shares in his own favor, Biglari was successful in fending off the attack.  He followed up by using company funds to tender for enough shares at $420(and not retiring them) to… Read More »

Biglari Sues Fired Fashion Director For Breach Of Contract And Defamation

By | December 14, 2015

Sardar Biglari, for the first time, seems concerned about his reputation. He certainly didn’t mind repeated questionable transactions which transformed a small stake in Steak N Shake into majority control of Biglari Holdings(BH), using the company’s own money. He didn’t mind breaking early promises about compensation, or an egregious licensing deal for his own name. Apparently, he did… Read More »

Biglari Stock Price Decreases While CEO Focuses On New Strategy Of Creeping Out Models

By | December 5, 2015

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… Read More »

“[Biglari] wants the old Maxim back so he can meet the girls in the edit”

By | October 25, 2015

Turnaround magician and Oracle of HisOwnMind, Biglari Holdings(BH) Chairman and CEO Sardar Biglari continues to struggle with Maxim magazine. The NY Post reports that editor Kate Lanphear is gone, just six months into her attempt to reposition the laddie mag as a luxury magazine.  Her tenure has included the previously unthinkable- featuring a man on the cover of the August… Read More »

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

By | August 17, 2012

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 added: On August 16, 2012, BH delivered a letter… Read More »

Biglari Adds Old Rival To Biglari Holdings Board

By | February 13, 2012

Sardar Biglari has acquired a reputation as mercurial CEO, engaging in multiple proxy fights and hostile bids for companies he’d like to acquire.  In a particularly prolonged battle, Biglari spent well over a year attempting to acquire Fremont Michigan Insuracorp through his Biglari Holdings(BH) vehicle.  Fremont went so far as to have a Michigan state law passed making… Read More »

Biglari Takes Another Crack At Cracker Barrel

By | January 13, 2012

Unchastened by his unsuccessful proxy fight for a Board seat at Cracker Barrel(CBRL), Biglari Holdings(BH) Chairman and CEO Sardar Biglari has begun aggressively purchasing Cracker Barrel stock once again.  Biglari had been held to 9.9% by a rights plan which was voted down by shareholders at the annual meeting in December.  Free to acquire more Cracker Barrel stock,… Read More »

Biglari Continues To Quack, Wear Duck Costume

By | February 8, 2011

If it looks like a duck and quacks like a duck, it might just be Sardar Biglari playing dress up. In his continuing effort to pretend to be Warren Buffett, Biglari Holdings(BH) announced this morning that its Board Of Directors had approved a 1-15 reverse stock split.  This follows a previous 1-20 reverse split, and will be followed… Read More »