Steak n Shake shareholders head for showdown

03/7/2008 | Wall Street Journal, The

Steak n Shake shareholders will meet in Indianapolis today to decide whether to welcome a young entrepreneur who wants to take the chain in a new direction, or to re-elect two former CEOs as directors. Sardar Biglari holds an 8.5% stake in the company and has made it clear that he wants to assume a leadership role as non-executive chairman.

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