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Unformatted text preview: rent company than the one he’d founded. The new management team had ended the
longtime practice of starting every executive meeting with the prayer of St. Francis of Assisi and the pledge of allegiance to the flag. Carl
insisted that the Green Burrito plan would work and demanded that the board of directors vote on it. When the board rejected the plan, Carl
tried to oust its members. Instead, they ousted him. On March 1, 1993, CKE’s board voted five to two to fire Carl N. Karcher. Only Carl and
his son Carl Leo opposed the dismissal. Carl felt deeply betrayed. He had known many of the board members for years; they were old
friends; he had made them rich. In a statement released after the firing, Carl described the CKE board as “a bunch of turncoats” and called it
“one of the saddest days” of his life. At the age of seventy-six, more than five decades after starting the business, Carl N. Karcher was
prevented from entering his own office, and new locks were put on the doors.
The headquarters of CKE is still located o...
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This note was uploaded on 02/25/2014 for the course MGMT 120 taught by Professor Litt during the Spring '08 term at UCLA.
- Spring '08