Cracker Barrel stock surges as CEO Susan Cochran announces departure after 12 years in charge

July 18, 2023

The meatloaf and fried-steak purveyor, founded in Middle Tennessee, was criticized for a diversity, equity and inclusion campaign

Cracker Barrel Old Country Store Inc. investors were enjoying their best day in six months on Tuesday, in the wake of the Tennessee-based family restaurant chain’s announcement that it was making a leadership change.

The company CBRL, 4.67% said before the open that Chief Executive Officer Sandra Cochran will be stepping down after 12 years in charge. She will be succeeded as CEO by Julie Felss Masino, effective Nov. 1 after a transition period.

At that time, Cochran will become executive chair of the company’s board of directors through September 2024.

The stock ran up 5.7% in morning trading, putting it on track for the biggest one-day gain since it hiked up 6.0% on Jan. 10, 2023. It has now bounced 8.3% since closing at an 11-month low of $90.46 on June 23.

“Today’s announcement represents the culmination of a multi-year CEO succession-planning process by our Board of Directors and Sandy, and we are thrilled to welcome Julie to the head of the Cracker Barrel table,” said current Chairman William McCarten.

The CEO transition announcement comes a month after Cracker Barrel faced a backlash over how it celebrated Pride Month, with its campaign, “Bringing the Front Porch to Pride.”

Sauce/more: https://www.marketwatch.com/story/cracker-barrel-stock-surges-as-ceo-susan-cochran-announces-departure-after-12-years-in-charge-e5c2f0a8?mod=home-page

This was the catalyst:

‘Cracker Barrel has fallen’: Southern restaurant chain is latest to get criticized for inclusion campaign

June 10, 2023

sauce for that is in archive but here ya go anyway"

https://www.marketwatch.com/story/cracker-barrel-has-fallen-southern-restaurant-chain-is-latest-to-get-criticized-for-inclusion-campaign-dc6c9e02?mod=article_inline

Bye Susie, try getting laid…

Sen. Joe Manchin fuels rumors of a third-party 2024 presidential bid

July 18, 2023

‘If I get in a race, I’m going to win,’ Manchin said

Sen. Joe Manchin is fueling speculation that he could join the 2024 presidential race by the end of the year after speaking at a New Hampshire town hall for the No Labels nonprofit on Monday.

The Democrat from West Virginia, known for conflicting with party leadership, likely would run a third-party campaign. Speaking to NBC News on Monday, Manchin did not dismiss the idea that he would challenge President Biden.

“We’re not taking anything off the table,” Manchin said when asked if he is considering running for president on a No Labels third-party ticket. He added that he will determine “next year” whether or not to run.

No Labels is a nonprofit working to put a “unity” ticket on the 2024 ballot, and hosted the town hall to promote its “common sense” policy platform.

Manchin addressed concerns that the No Labels idea was designed to play spoiler to a Biden re-election bid. “I’ve never been in any race I’ve ever spoiled,” Manchin said during the event. “I’ve been in races to win. And if I get in a race, I’m going to win.”

“We’re here to make sure the American people have an option, and the option is can you move the American political parties off their respective sides. They’ve gone too far right and too far left,” said the West Virginia Senator.

In a separate interview with CNN Monday night, Manchin hit his party’s leader, saying Biden has “been pushed too far left,” but “has the strength to fight back.”

His criticism of former President Donald Trump was over Trump’s response to the 2020 election loss. “One thing about the political process: when the race is over and the people have spoken, you move on,” Manchin said.

Former Utah Governor Jon Huntsman, a Republican, also spoke at the town hall. “If we end up in 2024 with the same nominees that we did in 2020, is that the definition of insanity or what?” Huntsman, who also served as former Trump’s ambassador to Russia — and former President Barack Obama’s ambassador to China — remarked.

Sauce: https://www.marketwatch.com/story/sen-joe-manchin-fuels-rumors-of-a-third-party-2024-presidential-bid-56a855ec?mod=home-page

>>19202248

He went for the almighty buck it seems. How TF did all these foreign mofos make their way into the Ivory Tower?