Coalition of Franchisee Associations

February 27, 2020

Want a Board Seat? Buy the Company

Red Robin investor resumes its push for control
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4 comments:

Anonymous said...

Dont need to buy it, just need a single proxy entity to poll all the operator stock shares.

Richard Adams said...

I'd have no idea how many MCD shares are owned by McDonald's Owner/Operators but Thompson-Reuters reports that there are 753 million MCD shares outstanding. 68% of those shares are owned by institutions.

How many millions of shares would Operators need to control?
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Anonymous said...

good question - Wonder what the total operator Number is today. Again, it isn't the ownership, but the proxy influence. So that leaves 32% of outstanding shares to vote a proxy for a operator director. Assuming, none of the institutional shares wouldn't chime in... vanguard?

How many 401K investments of operators and their employees are in such holders of holdings?

It would take some homework - I prefer to see them just rattle the cage -

Nationwide, close at noon THANKSGIVING and Closed Christmas Day.

Richard Adams said...

I've done a lot of work for these institutions and am pretty sure the last thing they'd want is a franchisee on the BOD. They want directors to be focused on one thing - corporate earnings.
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