Sardar Biglari
| Sardar Biglari | |
|---|---|
| Born | August 30, 1977 Tehran, Iran |
| Citizenship | Iranian-American |
| Alma mater | Trinity University |
| Occupation | Founder, Chairman and CEO, Biglari Holdings |
| Salary | $10.9 million (2014)[1] |
Sardar Biglari (Persian: سردار بیگلری; born August 30, 1977) is an entrepreneur and is the Founder, Chairman and CEO of Biglari Holdings,[1] a holding company that trades on the New York Stock Exchange under the symbol BH. Biglari is also Founder, Chairman and CEO of Biglari Capital, the general partner to The Lion Fund. He started his company at the age of 18 with $15,000 and today it has over 22,000 employees.
Biglari controls the Steak 'n Shake Company, the First Guard Insurance Company, Maxim Magazine and the Western Sizzlin' corporation among others, which are subsidiaries of Biglari Holdings. Biglari bought 4.7 million shares of Cracker Barrel in 2011, proposing sweeping changes in the company.[2] He has made $500 Million dollars on this investment.[citation needed]
In 2014, Bilglari took more than $34 million in incentive pay despite the stock price of Biglari Holdings falling more than 20 percent.[3] His proxy battle over Cracker Barrel, along with perceived poor performance of the company, and documentation of corporate misdeeds, have caused for calls of his resignation.[4][5]
He was called a "combative investor" by The New York Times[6] and his bid to take over a Michigan insurance company was blocked by the Michigan legislature.[7]
References
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- ↑ Amy Lane, Crain's Detroit Business, Legislature OKs bill to thwart Texas company's takeover of Fremont insurance firm April 27, 2010
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- 1977 births
- Living people
- American investors
- American money managers
- Iranian businesspeople
- American people of Iranian descent
- People from Tehran
- Iranian emigrants to the United States
- Trinity University (Texas) alumni
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