Biglari Holdings (BH) issues a letter to Cracker Barrel (CBRL) shareholders, calling for removal...

|About: Biglari Holdings Inc. (BH)|By:, SA News Editor

Biglari Holdings (BH) issues a letter to Cracker Barrel (CBRL) shareholders, calling for removal of the restaurant chain's chairman and several others from its board. A major reason for CBRL's problems is Chairman Michael Woodhouse, the letter says: "He has been most responsible for putting the Company in a deplorable condition of distended bloat." Biglari owns 17% of CBRL.