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I should try to find a Popeye's here for dinner. RIP
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funny story ...i had an economics class with Al jr....the professor was from England. ( around 92-93 ) One day the professor goes into detail how the whole Popeye's / Churches Chicken deal was a fiasco. Said it was a "lame-brain " CEO move and any businessman worth his salt (paraphrasing of course, but was really laying into Al Copeland ) would have walked away from the deal. Al jr got up and left the classroom. No foul words, not a peep. Then one of the classmates pointed out to the instructor that was "al jr"....white as a ghost. If it were me, i would have let him have it then leave. Jr. didnt and while I wasnt too impressed at the time, it was pretty stand-up on his part to just leave without a verbal sparring match.
He had to make it a 300 million dollar business first, didn't he?
Also, he negotiated what had to be the sweetest business bankruptcy deal in history by giving up the chicken franchises but keeping the spice and supply company that the stores were obligated to buy from. No more expenses (for the most part), just pure profit.
He didn't bat a thousand but he seemed like a pretty smart businessman to me.
Oh, he definitely made a lot of smart moves - yes, including building a $300 million business, and especially the deal keeping the spice company. But bankrupting a $300 million company isn't just 1 bad decision. Lots of bad decisions go into that kind of fall. Throwing good money after bad is a series of bad decisions. Especially when every single advisor was saying it was a bad decision from the start.
i had popeye's for lunch today
From the article above
"She called the cumulative effect of Mr. Copeland’s metallic palm trees, golden statues of panthers and neon lights “a monstrosity.” He countered that he would put a little more garlic in the food at the restaurant to fend off vampires."
LOL!!!