I have just a few hours left of vacation before reporting in for election night duty. But I couldn’t resist posting a report that Tilman Fertitta got his way. The CEO of Landry’s Restaurants is finally taking the company private.
He’s been trying to do so for some time. When he began those efforts more than a year ago, he said he wanted the ability to follow a long-term strategy free from Wall Street’s short-term profit demands.
There are still some loose ends to tie up before the deal is final. But I’m curious about his plans and what he might be able to achieve. Do you think this is a good move? Do you think Wall Street is too impatient for profits and short-sighted in its performance expectations?
Read more about it
here.