Biglari calls for the ouster of Steak n Shake’s CEO

SAN ANTONIO Texas Just ahead of Steak n Shake Co.’s annual shareholder meeting next month, activist investor Sardar Biglari called for the ouster of leadership at the 491-unit Steak n Shake brand and urged shareholders to elect him and a colleague to the troubled company’s board.

In a letter to Steak n Shake shareholders released Wednesday, Biglari, who through his investment affiliates owns more than 8-percent of Steak n Shake stock, reiterated his nomination

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