We occasionally have fun here keeping track of former McDonald's corporate bureaucrats
and once in a while its good to review the track record of current corporate execs.
For instance - let's check in on Logan's Roadhouse where Mike Andres spent 18 months as
CEO before returning to McDonald's.
Parent company LRI Holdings is in trouble with its lenders and their current forbearance
period ends in mid-August.
The company has lost more than $300 million over the past three years. Andres was CEO
of Logan's during the first of those three years and has been back at McDonald's for the
past two years. Apparently the damage was too severe to repair.
Say what you want about Mike Andres but his timing is impeccable.
Logan’s lenders agree to extend forbearance again - Nashville Post