farnamstreet Posted January 27, 2013 Share Posted January 27, 2013 Mr. Biglari, along with his affiliates, and certain directors of the Company make investments in the Lion Fund (other than the amounts invested by the Company), which are not subject to special profits, interest allocations, or incentive allocations. I'm curious, from an accounting point of view, does anyone know if the incentive fees that would have been charged for Biglari and the directors are required to show up in the proxy as (e.g., other income)? If not, why not? Link to comment Share on other sites More sharing options...
Kuhndan Posted January 27, 2013 Share Posted January 27, 2013 It not as much as you might think. The fees that would have been charged Biglari, affiliates and directors are not disclosed in the proxy. At the same time, it would be fairly easy to estimate. Biglari only has $2.6 million in The Lion Fund. My guess is that he would have to pay an annual management, say 1% on total assets as well as the standard incentive comp. Steak n Shake has $50MM in The Lion Fund. Since this is a consolidated entity it wouldn't make any sense charging them. Link to comment Share on other sites More sharing options...
OracleofCarolina Posted February 15, 2013 Share Posted February 15, 2013 The sparring continues between CBRL and BH. CBRL offered to buy all of Biglari's shares at market price. Link to comment Share on other sites More sharing options...
giofranchi Posted February 15, 2013 Share Posted February 15, 2013 The sparring continues between CBRL and BH. CBRL offered to buy all of Biglari's shares at market price. Christopher1 pointed me to the very good answer by Mr. Biglari: My desire is to see management succeed in its endeavor because the value of our investment is predicated on leadership’s performance. Find it in attachment. giofranchi “As time goes on I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.” - John Maynard KeynesBiglari-15feb2013.pdf Link to comment Share on other sites More sharing options...
OracleofCarolina Posted March 28, 2013 Share Posted March 28, 2013 New signage for Steak N Shake.....Sanjeev, you are going to love this Link to comment Share on other sites More sharing options...
Buckeye Posted March 28, 2013 Share Posted March 28, 2013 Looks Like a Royalty Fee!! ;) Link to comment Share on other sites More sharing options...
ragnarisapirate Posted March 28, 2013 Share Posted March 28, 2013 New signage for Steak N Shake.....Sanjeev, you are going to love this President Obama had a quote in regard to this... Something to the effect of "You didn't build that." Link to comment Share on other sites More sharing options...
valuecfa Posted March 28, 2013 Share Posted March 28, 2013 I can not stand this guy Link to comment Share on other sites More sharing options...
Parsad Posted March 28, 2013 Share Posted March 28, 2013 New signage for Steak N Shake.....Sanjeev, you are going to love this LMFAO! Mohnish is going to bug me about this one! Versace meets hamburgers. Are they going to get a license to sell high end Tequila? This is like a crazy idea that Turtle from "Entourage" gets Mark Cuban to buy into! Cheers! Link to comment Share on other sites More sharing options...
stahleyp Posted March 28, 2013 Share Posted March 28, 2013 I wouldn't invest with him, but hey, his hubris is pretty hilarious. ;D Link to comment Share on other sites More sharing options...
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