Cracker Barrel fired back at the "self-interested" head of Steak ‘n Shake, Sardar Biglari, after his fast food chain criticized the restaurant's rebrand on social media, calling his "poor performance" as CEO a "cautionary tale."
"Mr. Biglari has pursued an unprecedented seven proxy solicitations against the Company in just 14 years, each time for what we believe are purely self-interested reasons. Thankfully, our shareholders have consistently rejected his proposals and nominees by overwhelming margins each time. We believe his actions and poor performance at Steak 'n Shake and Western Sizzlin’ remain cautionary tales," Cracker Barrel told Fox News Digital in a statement.
Biglari took over Steak ‘n Shake after a year-long proxy battle in 2008 and is also one of Cracker Barrel’s large