Cracker Barrel Investors Really Don't Want What This Activist Investor is Selling

You have to give activist investor Sardar Biglari credit for persistence. Like a living embodiment of the adage "if at first you don't succeed, try try again," the billionaire hedge fund operator has again made his case to Cracker Barrel's (NASDAQ: CBRL) shareholders that one of his chosen representatives be given a seat on its board of directors. And again, he has been rejected.

Since 2011, Biglari Holdings (NYSE: BH) has engaged in five proxy battles and four attempts to gain a seat on the restaurant chain's board, but each time, those efforts came up short.

Image source: Cracker Barrel.

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Source Fool.com