The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 15 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Shaich: Public markets force CEOs into short-term cost-cutting over transformative bets
“There's a pervasive sense of short-termism that has invaded our markets. The reality is, when you have such short-term pressure on our CEOs, they react. And what that ends up meaning is cost-cutting. And they avoid the kind of transformative events that drove …”
Shaich: Public market short-termism forces CEOs into cost-cutting over transformative bets
“There's a pervasive sense of short-termism that has invaded our markets. The reality is, when you have such short-term pressure on our CEOs, they react. And what that ends up meaning is cost-cutting. And they avoid the kind of transformative events that drove …”
Shaich won a board battle with two votes against VCs' three
“It was a huge boardroom struggle, because I had two votes, our venture capitalists had three, and all of them had invested in Au Bon Pain.”
Shaich: Panera tripled its stock price during the Great Recession
“We said this is the time to build competitive advantage, and ultimately we tripled the stock through the recession.”
Economic downturns are the best times for apparel brands to expand retail
“This is going to be the best time ever for up and coming clothing brand to get an amazing retail fleet.”
Scott Svenson: Category leadership outweighs the collateral damage of hyper-growth
“Whatever mistakes we made, whatever collateral damage, if you will, there comes from going too fast would be more than made up for by winning in this category and having All the advantages that come from being that market share leader over time, being the Star…”
Panera Bread ultimately sold to JAB Holding for $315 per share
“And ended up selling for 315 a share.”
Shaich: Panera tripled its stock price through the Great Recession
“We said this is the time to build competitive advantage, and ultimately we tripled the stock through the recession.”
Shaich: Panera stock surged 100x after selling off Au Bon Pain
“The stock has been up a hundredfold since then.”
Shaich: VCs controlled 3 of 5 board votes during Au Bon Pain divestment fight
“It was a huge boardroom struggle, because I had two votes, our venture capitalists had three, and all of them had invested in Au Bon Pain.”
Raz: Panera bought back Au Bon Pain 20 years after selling it
“Late in 2017, after Panera went private again, and 20 years after selling Obonpan to focus on building out Panera, the company actually bought back Obonpan.”
Shaich controlled 17% of Panera Bread's voting stock
“No, I, you know what, the truth is, I probably could, because I voted 17% of the stock, and I had this reputation, this credibility.”