They listen to common sense. In this case, they did. And it's worth noting, it isn't just in the last week that people noticed that what Cracker Barrel was doing was nuts. Almost a year ago, November of last year, a big investor in Cracker Barrel guy named Sardar Biglari, he owns approximately 5% of the restaurant chain stock. He wrote to his fellow shareholders that the Cracker Barrel transformation was a corporate quote, mistake of misguided executives falling into a textbook trap of overspending on cosmetic remodeling. (32:12–32:26)
CLAIM
Asserts that Sardar Biglari owns approximately 5% of Cracker Barrel's stock.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
