#turnaround
#turnaround
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Food & drink
fromBusiness Insider
2 weeks agoRed Lobster's CEO joined 3 months after the bankruptcy. He says morale was 'very low' and people were 'beat down.'
Red Lobster faces low employee morale and financial distress while the new CEO pursues a turnaround focused on food, hospitality, and ambience.
fromwww.theguardian.com
1 month agoEvery Leon should be magical': food chain's co-founder on what went wrong and how to fix it
John Vincent is going back to the future. Four years after selling Leon, the fast food chain named after his father and founded in 2004 with two friends, he has bought it back with hopes of reviving its fortunes. In a crisis you need a pilot in full control, the martial arts fan says, speaking to the Guardian from Leon's headquarters near London Bridge.
Business
fromZDNET
1 month agoHow Intel clawed its way back to relevancy - and why it's suddenly winning again
For nearly four years, Intel's then-CEO, Pat Gelsinger, attempted to turn around the semiconductor giant. But he failed: the company's stock ultimately declined 61% during his tenure. Gelsinger resigned almost a year ago; his replacement, Lip-Bu Tan, was met almost immediately with a broadside from President Trump, who told Intel's board to oust him due to his China-linked investments and perceived conflicts of interest.
Tech industry
Business
fromFortune
4 months agoEx-Applebee exec was told she'd never be CEO-she bought the chain and fired her naysayer: 'We don't need two of us, so I'm gonna have to let you go'
Julia Stewart left Applebee's after being passed over, became IHOP CEO, then acquired Applebee's for $2.3 billion and removed its former CEO.
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