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Did David Novak go to business school and other curiousities
February 26, 2008

Yesterday, while I was busy reading reports from restaurant analysts, it occurred to me that a pop quiz might help us all realize how little (or, indeed, how much, smarty-pants) we know about current events in the restaurant business. Following are five foodservice-related photos. Look at the photo, read the comment/question, and then click on your answer. If you're correct, you'll have the satisfaction of seeing your knowledge substantiated. If you're not, we bring you the frightening results of a California menu-labeling survey



Bakers Square thinks its new "Crush" burger (above) is so tasty, the company will:

Serve it raw if you like

Replace it with another meal if you don't like it

Charge you half-price when ordering a second burger

Deliver it to your home if you ask politely



In "The Accidental Education of a CEO," the autobiography of Yum Brands CEO David Novak, we learn:

He barely graduated from Harvard Business School

He once managed a Church's Chicken unit in Warren, Ohio

He lived in thirty-two trailer parks in twenty-three states

He's donating the book's proceeds to Ron Paul's presidential campaign



Starbucks units close for three hours today. Why?

Give people a reason to buy a Dunkin' Donuts latte for only 99 cents.

Afford CEO Howard Schultz time to concoct a transformation agenda

Fumigate to rid units of smell of breakfast sandwiches

Retrain baristas on transforming the customer experience




Restaurant operators are keeping a close watch on gasoline prices. Last week, did the average retail price for a gallon climb or fall, and by how much?   

It climbed nearly 5%, to 3.10  per gallon

It fell 2.0% to $2.99 per gallon

It remained the same price.

It climbed 2.8% last week to $3.04




Independent directors at Steak 'n Shake last week advised the board to do what with respect to maximizing shareholder value:

Continue with turnaround plan.

Appoint Sardar Biglari CEO

Limit annual meetings to shareholders who own less than 100 shares

Raise the price of the Steakburger by $1 

Posted by David Farkas on February 26, 2008 | Comments (0)



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