4.8 • 5.1K Ratings
🗓️ 9 September 2015
⏱️ 90 minutes
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0:00.0 | Our tale begins in a town called Normal. |
0:07.2 | Normal Illinois, where in 1934 a retired marine named Gus Belt transformed his combination |
0:12.0 | restaurant and gas station known as Shell's chicken into a hamburger joint. |
0:16.0 | Belt one over local skeptical of a still unfamiliar product known as Ground Beef by parading |
0:20.1 | fresh steaks into the dining area and grinding them in full view of his customers, and so |
0:24.5 | the restaurant signature steak burger was born. |
0:27.9 | After Belt's death in 1954, a series of owners expanded the chain across the Midwest, |
0:32.3 | making the burger and milkshake outlet a staple of the heartland, until a downturn due |
0:36.0 | to the financial crisis of 2008. |
0:38.6 | Enter Sardar Biglary, a San Antonio-based Iranian-American investor and accolade of Warren Buffett, |
0:44.2 | who, at just 34 years old, seized his opportunity and wrangled a hostile takeover to become chairman. |
0:50.1 | Biglary Holdings is a Pontamus investment company, which also owns Maxim magazine and a substantial |
0:55.1 | portion of Cracker Barrel has put his stamp on the burger chain. |
0:58.4 | Literally, as many new locations are now branded as Buy Biglary, a partly egotistical, |
1:03.6 | partly capitalist measure that ensures he'll collect substantial licensing fees should |
1:06.8 | he ever be forced out. |
1:08.8 | Now with 500 locations, this Midwest institution is attempting to conquer the globe, including |
1:13.3 | by opening its first California locations just this past year, making this very episode |
1:18.0 | possible. |
1:19.5 | This week on Doe Boys, steak and shake. |
1:25.1 | What can Doe Boys, the podcast about chain restaurants? |
1:40.6 | I'm Nick Wigher sitting alongside, as always, Mike Mitchell, the spoon man. |
... |
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