Count Greg Flynn, the country’s largest restaurant franchisee, as a believer in Subway’s new owner, Roark Capital, and its founder and managing partner, Neal Aronson.
“Neal has a genius to him,” says Flynn, who owns 360 locations of Roark-backed Arby’s as well as franchises of Panera Bread, a Subway competitor. “People are loyal to him and want to be around him.”
In other words, Flynn says Aronson has the meats.
Subway, owned by its pair of founding families for six decades before last month’s sale to Roark, became notorious for selling so many franchises that there were places where a hungry customer could stand at the door of one Subway and be able to see another. About 2,000 shops have shuttered since 2020, forcing the company to relinquish the title of biggest U.S. restaurant company to McDonald’s. The smaller, nimbler Jersey Mike’s is breathing its salami breath down Subway’s neck, and according to at least one franchising expert, Subway franchisees have endured years of “petty and bureaucratic” management.
“The franchisees’ issues are that they have to get their sales and profitability up,” John A. Gordon, principal at Pacific Management Consulting Group, tells Forbes. “They’ve had a franchisor forever that has not been working for them — petty and bureaucratic.” The family shareholders of Subway’s founders couldn’t be reached for comment.
Enter Aronson, the tall, low-key, 58-year-old investor, who outbid some ten other suitors by offering more than $9.7 billion for Subway, contingent on the chain hitting certain financial milestones as it turns around. In Roark, Subway and its 37,000 locations ended up going to a buyer who already owned 30,000 sandwich sellers. Among them: Jimmy John’s, Arby’s, Sonic, Hardee’s, Schlotzky’s, McAlister’s Deli, Culver’s and Carl’s Jr.
Nowadays, anyone can achieve anything regardless of their race, color, and religion; however, it has been slightly different in the United States of America. Although it is known to be the land of opportunities, the average black man is reported to be one-tenth as wealthy as the average white man.
In the early 1860s, only 0.5 percent of American wealth was controlled by black Americans, which has increased to around 1.5 percent since then.
Now don’t get me wrong, these facts and figures don’t apply to every black American out there, it is just an average estimate of where a black citizen stands today. Many black families, while being less recognized in the media, have worked hard and achieved success through the fusion of entrepreneurship, revolution, and perseverance. Their success stories are an example of how barriers can be broken and new legacies can be built.
In this video, we are going to take a look and the richest black families in America.
Kim Kardashian may have gotten famous through reality TV, but she’s also been cementing her success as an entrepreneur – here’s what the Skims founder has to say about her burgeoning businesses
AMERICAN DEBT IS TOTAL OUT OF CONTROL - WARREN BUFFETT | INVESTING TIPS FOR EVERYONE
#warrenbuffet #americandebt #investment
American debt is truly out of control, my friends. This is Warren Buffett speaking, and I must say, the situation is quite concerning. Allow me to share some investing tips that I believe can be of great value to each and every one of you.
Warren Buffett: Dividends are the Key to Successful Investing | Money Makers Tips
Warren Buffett's recommendations on dividend investments should not be overlooked because he is among the most successful investors in the world. He has a track record of developing long-term investments that give shareholders reliable returns. By investing in companies that pay dividends, he may maximize returns and lower risk during times of market turbulence, ensuring that his assets generate positive cash flow even when others might not. He is among the wealthiest persons in the world as a result of his time-tested techniques. Thus, everyone seeking advice on dividend investments might gain from hearing Warren Buffett's teachings and learning from what he has accomplished.
This is What Every Small Investor Should Looking - Warren Buffett | Investing Tips 2023 #warrenbuffet #stockmarket #investingtips
Warren Buffett has consistently championed the cause of stock market investors with limited capital, who possess the advantage of identifying appealing opportunities more readily owing to their smaller size. In this video, I humbly share some insights on emulating my approach in commencing one's journey into the realm of stock investments.
"In the End MARKET VALUATIONS Don't Matter - Warren Buffett | Charlie Munger" High Stock Price
As the preeminent value investor on a global scale, one would surmise that Warren Buffett holds a profound concern for stock market valuations and the opportune moment to engage in stock investments. Upon observing this video, you shall grasp Buffett's prudent methodology in regards to acquiring stocks, emphasizing the evaluation of individual stocks as opposed to the wider market.
"How We Created A Wealth Compounding Machine?" - Warren Buffett's Advise on Becoming Rich
Warren Buffett: From my perspective as a stock market investor, I find great fascination in discussing the concept of "compounding machines." These are businesses that possess the remarkable ability to harness the power of compound interest, thereby generating substantial wealth over an extended period. In this insightful video, Mr. Buffett eloquently elucidates the methodology behind his creation of a compounding machine.
We'll Never Waste Time And Money On ESG Reporting - Warren Buffett | Charlie Munger | ESG is Waste #investment #warrenbuffet #esgreporting
Warren Buffett, renowned for his contrarian approach to corporate America, has remained steadfast in his stance on ESG, exhibiting no deviation from his usual course. In the latter portion of the video, he and esteemed colleague Charlie Munger engage in a thoughtful discourse regarding the vulnerabilities inherent in corporate boards.
"Warren Buffett: How to Easily Value Almost Any Business?"
When it comes to valuing nearly any business, one must adopt a prudent and discerning approach. It is essential to focus on the fundamental aspects that drive the company's intrinsic worth. By diligently analyzing the business's financial statements, assessing its competitive advantage, and evaluating its long-term prospects, one can.
Warren Buffett : "Diversification Is A Loser's Game "
According to Warren Buffett, diversification originates from academic models that equate risk with volatility and use diversification as a means to minimize the total volatility in your investments. As in EMT, this theory takes nothing into account except stock price—if a good company’s stock were to suddenly drop, this mode of thinking would label it risky and tell you not to buy it. Buffett defines risk as the odds of suffering financial harm and says the best way to avoid it is to put most of your money on a few safe bets—companies with good management and excellent long-term economics, no matter their short-term stock fluctuations.
Warren Buffett: Never Buy These Stocks At All Cost! #warrenbuffettinterview #buystocks #warrenbuffett
When it comes to investing in the stock market, Warren Buffett has a lot to say about the kinds of businesses that appeal to him as potential investments. On the other hand, he hasn't shared a lot of information on the kinds of stocks that investors should steer clear of. In his most recent video, he discusses a variety of topics, including this one.
“Banks are slowing. Some financial accident is going to happen, and it could end up being a spiral. I think the charade of pretending that they’re going to beat inflation is a charade. They know they can’t,” says Frank Giustra, billionaire philanthropist and CEO of the Fiore Group. He says the Fed knows that interest-rate hikes have a lag effect and the massive debt issue will “bankrupt America,” as shown by today's slowing economy. While mining industry veteran Pierre Lassonde paints a negative picture for mining juniors, Frank disagrees and urges folks to avoid letting emotions guide their decisions no matter what happens in the market. “It’s a matter of patience. Hang in there. You just have to know something there is good [coming].” Additionally, Frank points out that central banks around the world accumulating gold means "something is up.” “I don’t think the West is listening. The gold enthusiasts are in the East. That’s where we see all the physical gold is going," Frank concludes.
Chapters: 00:00 Precious metals sector and junior mining 5:25 Successful players in the sector 7:55 Is there a room for new players? 11:01 Where did Frank get new ideas? 17:56 Bitcoin and gold 20:38 BRICS and financial reset 22:18 Fed and a looming financial accident
Warren Buffett talks about financial and investing advice. Warren Buffett is the CEO of Berkshire Hathaway, a conglomerate with a market cap of $700 billion as of the making of this video. Buffett manages a closet followed stock portfolio with stock holdings including Apple, Bank of America, American Express, Coca-Cola, and many more.
Warren Buffett, born in 1930, stands as a prominent figure in the world of investing. Serving as the chairman and CEO of Berkshire Hathaway, a diverse conglomerate, Buffett's investment strategy prioritizes long-term value and investing in robust, competitively advantaged companies. His annual shareholder letters and insightful advice are highly regarded in finance circles. Often referred to as the 'Oracle of Omaha,' his net worth consistently ranks among the world's highest. Beyond investing, Buffett's philanthropy is noteworthy, with commitments to charitable causes. His life and achievements serve as a powerful source of inspiration for investors and business leaders globally.
Warren Buffett's investment strategy is rooted in a disciplined and patient approach to wealth accumulation. Often referred to as "value investing," his method involves identifying undervalued stocks of fundamentally strong companies with enduring competitive advantages. He famously seeks businesses with moats, or strong protective barriers, which can sustain profitability over time. He emphasizes the importance of thorough research, reading extensively, and understanding the businesses he invests in. Buffett also avoids frequent trading and embraces a long-term perspective, allowing investments to compound over years. His philosophy is encapsulated by the principle: "Buy when others are fearful, and sell when others are greedy," exemplifying a contrarian approach to investing.
In an exclusive excerpt from Jonathan Taplin's new book 'End of Reality', the author rejects the promises of our new class of oligarchs and their online libertarian fantasias meant to keep us complacent and calls for artists to to make some good trouble
Just the Way “WE” Always Wanted It In many ways this post has been a long time coming. I’ve run into versions of what I’ll be sharing this week for years now, but never felt compelled to devote a whole post to it. Some confluence of cases in my head, from the past and from […]
As a leading business hub and the gateway to Asia, Singapore is well-regarded among high-net-worth individuals (HNWIs) as an ideal base for family offices and private wealth management. More than half of the family offices in Asia today are estimated to be located in Singapore, according to KPMG...
Families’ dilemmaNo discussion of education could realistically expect to start unless the word education is clearly defined. Education evolved from Latin and has a couple of meanings… One is to ‘train’ or ‘mold’ and the other is to ‘lead out’, with the French equivalent helping us to shape the...
Wealthy families are starting to pre-emptively set up structures to protect family wealth but doing so incorrectly could expose such structures to divorce proceedings, thereby detrimentally impacting hard-earned, well-established and even generational family wealth.
Enzo is the CEO of Lugen Family Office, CEO of Medici Family Office, a best selling author, and a social entrepreneur. Enzo is the most trusted Consigliere to several UHNW families and a sought after speaker.
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