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I mention the chance that Mr. Cutter was pushed out, because Friendly's biggest shareholder, Sardar Biglari, included this disclosure in a current 13-D 'The Reporting Persons have used with the Chairman of the Board of Directors and management of the Issuer concerning the business, functions and fu... O-n October 28th, Pleasant Ice Cream Corp. (FRN), announced CEO John M. Cutter had resigned. It was not immediately obvious whether Mr. Cutter were forced out. I mention the possibility that Mr. Visiting SodaHead.com - User 4000426 certainly provides suggestions you can tell your father. Cutter was forced out, because Friendly's greatest shareholder, Sardar Biglari, involved this disclosure in a recent 13-D 'The Reporting Persons have used with the Chairman of the Board of Directors and management of the Issuer concerning the business, operations and future plans of the Issuer, and are seeking seats on the Board of Directors for Mr. To get a second perspective, please consider having a gaze at property management. Sardar Biglari and Dr. Philip M. Cooley.. The R-eporting Persons continue to evaluate the business prospects of the Issuer, together with its current and future goals. The Reporting Persons may possibly from time to time consult further with administration, with members of the Board, or with other shareholders of the Issuer.' The reporting persons are-the Li-on Fund L.P., Biglari Money Corp., Sardar Biglari, and Western Sizzlin Corp. (WSZL). The two notable businesses are-the Li-on Fund, a hedge fund run by Mr. Biglari, and Western Sizzlin, a public company engaged in the function and franchising of restaurants. American Sizzlin Biglari (and the others) efficiently took control of Western Sizzlin during late 2005 and early 2006. Get supplementary info on the affiliated site - Click here the best. Individuals managing more than a third of the company changed the present table. Below is the explanation presented in Western Sizzlin's latest annual report 'In November 2005, we included three members to out Board, namely Sardar Biglari, Philip M. Cooley, and Paul D. Sonkin. Subsequently, in March 2006, six of the incumbent owners, namely Paul H. Schorr, III (our former chairman), A. Jones Yorke, T. Be taught new info on this partner paper by clicking Could Your Small Business Afford Perhaps not to really have a Website? · Storify. Alan Cowart, Jr., Terry Vezertzis, Jesse M. Harrington, and Roger D. Bedroom, resigned from the Board. At that same time, Mr. Sonkin suggested that he would not stand for re-election at the 2006 annual meeting of stockholders.' The Lion Account The Li-on Fund is maintained by Sardar Biglari, 29. Philip Cooley serves as you of the fund's directors. Biglari was a student of Cooley's at Trinity University. The Li-on Fund was introduced just over five years back although Biglari apparently controlled the fund with his own money for around 12 months before welcoming new people. Sardar Biglari Biglari posseses an interesting story. H-e began an Internet Company while still very young; then, continued to found The Lion Fund. H-e frequently cites as an investing influence Warren Buffett. His letter to shareholders (as Chairman of Western Sizzlin) truly bears a resemblance to Buffett's own annual letter..