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Gus D's avatar

I find it quite amazing that in today’s time, corporations like this one are still trying to shove their woke agenda down middle America’s throat!

You would think they would have learned a lesson from watching other big corporations and name brands crash into the mountain of public opinion when going woke.. ie: Bud Light, Disney,John Deere, Target to name a few… but nope.. they would rather cater to a small minority of people in America compared to the majority of Americans who detest being force fed these ridiculous ideologies and will just quit going and supporting the companies that do so!

But maybe that’s their intent in the first place.. to purposely crash and burn the brand because someone is going short on the company’s stock.. because nothing else makes any sense!

Do you hear that Cracker Barrel, those are bugle taps playing in the background.. your rebranding just might be the death of you!

Chuck S's avatar

Perhaps I'm out in left field here, but I don't believe the CEO and Board of Cracker Barrel have any intent to 'save' the brand. Despite the public statements, I believe the CEO always intended to crash the plane gently, knowing that the brand was likely beyond saving when she arrived. I believe their real intention, not public, is to control the decline of the stock price and arrive in Chapter 11 in an attractive position for venture capital buyout. The attraction is liquidation of the real estate on which many CB stores sit, which past VC buyouts have shown us are a primary asset. The payoff for the C-suite and CEO is not years of employment, but generous 'golden parachute' severance packages representing years of employment compensation in a lump sum payout. The task is to guide the decline in a controlled way to avoid uncontrolled bankruptcy and immediate move to Chapter 7 liquidation for debtors.

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