ragnarisapirate Posted May 19, 2010 Share Posted May 19, 2010 Since I may be one of the only people on the board that not yelling "off with Sardar's head!" ;) I figured that I would post this: It looks like the new site is completed, and is quite nice! there is also a good shop with tons of merch in it. http://www.steaknshake.com/ http://www.shopsteaknshake.com/ Link to comment Share on other sites More sharing options...
Parsad Posted May 19, 2010 Share Posted May 19, 2010 It's very smart...the merchandising should help strengthen the cult following. Good selection of merchandise as well. Cheers! Link to comment Share on other sites More sharing options...
Hawk4value Posted May 20, 2010 Share Posted May 20, 2010 Ragnar... you are not the only one. Although I am not happy with what has transpired with Biglari, I am not ready to throw in the towel. I think if his compensation can be modified I probably would not be opposed to it in principle. For example, I believe that the average ROE for American corporations is probably around 10%, and probably higher for a successful fast food restaurant chain. But lets use 10%. If Biglari agrees to increase the hurdle from 5% to 10%, and adjusts for share issuance, share repurchases, and other factors that would be unrelated to his performance, I would seriously consider his proposal. Why?? First, I believe he is a superior capital allocator. Secondly, I would rather have a CEO whose is incentive compensation is totally tied to adjusted book value, then one that is tied to annual cash bonus, stock options, restricted stock, benefits and perks, etc (Pick your "Poison"). The idea being that if BV goes up the stock price eventually follows. I for one am not concerned that the arrangement could make him very wealthy in a relatively short period of time because if he gets wealthy, I get wealthy as well. Link to comment Share on other sites More sharing options...
bargainman Posted May 20, 2010 Share Posted May 20, 2010 Does anyone know for sure if this compensation agreement replaces or is in addition to his 900K salary? I've read opinions either way and haven't seen it spelled out one way or the other. Anyone have the scoop? Link to comment Share on other sites More sharing options...
Hawk4value Posted May 20, 2010 Share Posted May 20, 2010 My understanding is that the $900k is for the CEO position at SNS, and the incentive package is for value added as a result of capital allocation benefit to the adjusted BV. Link to comment Share on other sites More sharing options...
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