Seeking Alpha

Proxy firms back Cracker Barrel plan

  • Cracker Barrel (CBRL +2.2%) informs shareholders that proxy firms ISS, Glass Lewis & Co., and Egan-Jones have all recommended that they should vote against the proposals made by Biglari Capital.
  • The company says its current strategy has been backed by the voting advisory services.
Comments (2)
  • Clodhopper700
    , contributor
    Comments (2) | Send Message
     
    Current board members do not have enough skin in the game. Marketing strategy is terrible. Put Biglari nominees on the board! I eat at CB often and can think of a number of ways to increase sales and traffic. As a small stockholder I feel like the value of my investment is being diminished by a self serving board.
    14 Apr 2014, 10:24 PM Reply Like
  • Clodhopper700
    , contributor
    Comments (2) | Send Message
     
    Should st least add Biglari nominees to the board. Current board has already adopted some of Biglari's ideas. Good food, bad marketing strategy. Board does not have enough skin in the game to be interested in increasing the value of our stock.
    14 Apr 2014, 10:46 PM Reply Like
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