Jump to content

BH vote: did 82.2% or 50.7% vote in support of the new compensation package?


Recommended Posts

The headline makes you think that 82.2% of shares voted in favour of the proposal. That might, however, be a little misleading.


Only 79.5% of total shares (937,343 of 1,433,553) voted. Of those, Biglari controls 209,550, so only 727,793 non-biglari shareholders voted in support of the new pay package. Looked at another way, only 50.7% of non-biglari shareholders voted in support of the package (and of those, some are his friends like Cooley)

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...