Case Study Analysis and Solutions

Case ID: 114026

Abstract:
Case Solution & Analysis for Showdown at Cracker Barrel by Suraj Srinivasan, Tim Gray
In the fall of 2011, activist investor, Sardar Biglari, has acquired nearly 10% ownership in the Cracker Barrel restaurant chain. He believes that the board and senior management have failed and the company has underperformed relative to its peers. When he is denied a seat on the board, Biglari initiates a proxy fight in an attempt to win a board position and change the direction of Cracker Barrel's strategy. Two leading proxy advisory firms, ISS and Glass Lewis, disagree on supporting Biglari. One advises shareholders to vote Biglari to the board, while the other advises against it. Shareholders must decide.

Keywords:
Activists, Board of directors, CEO, Competition, Corporate governance, Financial accounting, Financial analysis, Financial statements, Shareholder relations, Strategy, Valuation,Value creation, Showdown at Cracker Barrel Case Solution

Click Here to place your order

OR

Contact us directly at ordercasesolutions@gmail.com if you want to solve the above case.