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☆ Panera founder: Consumer is 'skittish' but they'll spend on things they really want
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPanera founder: Consumer is 'skittish' but they'll spend on things they really wantRon Shaich, Cava chairman and Panera founder, joins 'Money Movers' to discuss the consumer's appetite to spend at restaurants, what makes Cava unique, and much more.

Persons: Ron Shaich Organizations: Consumer Locations: Cava

☆ There will be record CEO turnover this year, says top PwC boss
▼ + stars: | 2024-01-18 | by ( Lakshmi Varanasi | Cadie Thompson | ) www.businessinsider.com time to read: +4 min

Expect to see a record rate of CEO turnover this year, PwC's Tim Ryan said at Davos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "We will see more turnover in the C-Suite in the next 12 months than we have ever," Tim Ryan, PwC senior partner, told Business Insider at the World Economic Forum in Davos , Switzerland this week. CEO turnover is already high. AdvertisementCorrection: Thursday, January 18, 2024 — This article has been updated to reflect Tim Ryan's current title, which is senior partner at PwC.

Persons: PwC's Tim Ryan, —, Tim Ryan, PwC, Ryan, you've, You've, isn't, Gray, Chris Licht, GameStop's Matthew Furlong, Jeff Shell, Ron Shaich, Tim Ryan's Organizations: Davos, Service, Economic, NBC, Economic Policy Institute, East Locations: Davos, Switzerland, PwC

☆ Panera founder says one of his biggest regrets is not firing people faster — and he's even received thank-you's afterward
▼ + stars: | 2023-12-26 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

Panera founder Ron Shaich says that he regrets not firing more people faster. Shaich writes in his book that he's even received thank-you letters from people he's fired. "I was too wrapped up in being a caring leader," Shaich says in his book. "And radical honesty is a much greater service to people than simply being kind," Shaich writes. Though firing an employee or colleague is unlikely to be particularly pleasant, Shaich says that he's actually received thank-you letters from people he's fired over the years.

Persons: Ron Shaich, Shaich, he's, — Organizations: Service

☆ Panera Bread reportedly files to go public again through IPO
▼ + stars: | 2023-12-01 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Panera Bread has confidentially filed to go public again, the Financial Times reported. The restaurant chain, known for its soups, sandwiches and bagels, has been signaling for months that it's looking to go public through an initial public offering. In May, Panera announced a CEO transition and said the leadership changes were "in preparation for its eventual IPO" — amid a two-year IPO drought that ended in the fall. Mediterranean restaurant chain Cava , whose chair is Panera founder Ron Shaich, was among the trickle of companies that went public this year. JAB also tried to take Panera public again that year.

Persons: Panera, Ron Shaich, Panera isn't, Shein confidentially, Skims, Danny Meyer's Organizations: Financial Times, Investors, Bloomberg, CNBC, Yum Brands, Panera's, Financial, CNBC PRO Locations: Cava, Rye

☆ Panera founder says the idea of 'swashbuckling' entrepreneurs finding success from taking big risks is 'a myth'
▼ + stars: | 2023-11-26 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

Panera founder Ron Shaich says that successful entrepreneurs are opportunists, not risk-takers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "The swashbuckling entrepreneur of popular imagination is just a myth and rarely succeeds," Shaich writes in his new book, "Know What Matters: Lessons from a Lifetime of Transformations." Shaich uses this anecdote to point toward what he calls a "misunderstood fact about successful entrepreneurs and creators." "Successful entrepreneurs and creators seeing can feel this opportunity that nobody else can," Shaich says.

Persons: Ron Shaich, Shaich, —, Bon, that's, it's Organizations: Service, Harvard

☆ Panera's founder once threw a loaf of bread at his executive's head as an 'unconventional' management tactic
▼ + stars: | 2023-11-25 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +2 min

Panera founder and ex-CEO Ron Shaich once threw a baguette at an executive's head in frustration. Shaich told Insider he was trying to point out issues the company was having with its bread quality. Shaich told Business Insider in an interview that the target of the thrown loaf was the company's COO at the time, Mark Borland — who Shaich also said was his close friend. Advertisement"It was in a real meeting, a couple hundred — like 250 people in the room" Shaich told BI. Shaich cofounded Au Bon Pain, of which Panera Bread became a division, in 1981.

Persons: Ron Shaich, Shaich, —, Elon, Ray Dalio, Mark Borland —, Panera, Borland Organizations: Service

☆ Why Panera's founder says you should 'focus on your obituary, not your resume' as a tool for success
▼ + stars: | 2023-11-25 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +2 min

Panera founder Ron Shaich uses an exercise he calls a "pre-mortem" to define his values and goals. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementEvery year, for the past 30 years, Panera founder Ron Shaich sits down and writes his own obituary. "That process came from life to business, and that's how I ran my companies," Shaich told BI. "As a result of observing my parents as they passed, I am committed to living more consciously and intentionally during my time on Earth," Shaich writes in the book.

Persons: Ron Shaich, Shaich, — Organizations: Service, Business

☆ Panera Bread founder credits his $7.5 billion success to a simple tactic: Writing his own obituary
▼ + stars: | 2023-11-03 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

Ron Shaich spent roughly two decades building Panera Bread into nationwide behemoth, ultimately selling it for $7.5 billion in 2017. The Panera co-founder, 69, credits that success to a simple practice, which he did — and still does — once per year, he tells CNBC Make It: writing a "pre-mortem." Between Christmas and his December 30 birthday, Shaich dedicates a day or two to visualize himself at the end of his life, he says. He writes a news story, obituary or journal entry from that hypothetical future, looking back on his own endeavors, listing only the most important accomplishments. Then, he maps out how to get from his current state to that future version of himself.

Persons: Ron Shaich, Shaich, Reddit, Alexis Ohanian, it's, I'd Organizations: behemoth, CNBC

☆ Panera Bread founder says he thought it would be easier to be 'hit by a truck' during the chain's stressful 2015 overhaul
▼ + stars: | 2023-10-29 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Panera founder Ron Shaich spoke about tough moments he faced as a leader in a recent interview. There was so much pressure he thought it would be easier to "get hit by a truck." But the company's overhaul in 2015 was one the most stressful periods of his tenure, Shaich said in a recent interview with The Profile. And he said he remembers thinking to himself, "My god, it'd be just easier if I got hit by a truck." Shaich, who founded Panera Bread in 1987 and took the company public in 1991, stepped down as the company's CEO in 2018 .

Persons: Ron Shaich, Shaich, —, it'd, He's, Tatte Organizations: Service Locations: America, Boston, Manchester, Cava

☆ Fmr. Panera Bread CEO Ron Shaich sits down with Jim Cramer
▼ + stars: | 2023-10-24 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Panera Bread CEO Ron Shaich sits down with Jim CramerFmr. Panera Bread CEO Ron Shaich joins 'Mad Money' host Jim Cramer to talk his new book 'Know What Matters'.

Persons: Ron Shaich, Jim Cramer Fmr, Jim Cramer

☆ McDonald's tried to buy Panera Bread, and 5 other reveals from founder Ron Shaich's book
▼ + stars: | 2023-10-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

McDonald's tried to buy PaneraMcDonald's expressed interest in buying Panera in the early 2000s, Shaich writes. More than a decade after meeting with McDonald's, Shaich started seriously considering selling Panera as he prepared to step down from the business. Shaich writes in the book that he never really left, staying active as executive chair of the company, before he rejoined as a co-CEO in 2012. Shaich writes that he knew at the time that he would retire, but he hadn't yet announced it. Shaich writes that Panera received a patent to use video to review the accuracy of sandwich orders.

Persons: Ron Shaich, Scott Mlyn, Shaich, Louis, Panera, that's, McDonald's, Bill Moreton, wasn't, Donatos, Howard Schultz, David Ryder, Schultz, Au Bon, Steve Ells, Jerry Cleveland, Obama, hadn't Organizations: CNBC, Clark University, Louis Bread Company, Grill, Boston, Starbucks, Reuters Starbucks, Denver Post, Getty, Obama Locations: Boston, Seattle, Panera, India, aren't

☆ Panera Bread founder Ron Shaich says most CEOs end up regretting taking companies public
▼ + stars: | 2023-10-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Panera Bread founder Ron Shaich led a public company for more than two decades, but that doesn't mean he's a fan of initial public offerings or Wall Street. Ironically, Panera Bread is mulling an IPO, but Shaich, who is no longer involved with the chain, directs his advice toward founders. Even as Au Bon Pain bought St. Louis Bread Company, renamed it Panera Bread and then shed Au Bon Pain to focus on Panera's growth, Shaich's company was publicly traded. "The reality is for 90% of the CEOs that take a company public, they live to regret it," Shaich told CNBC. "Cava is a company that will succeed as a public company.

Persons: Ron Shaich, Shaich, Cookie, Bon Pain, Louis, Cava, Brett Schulman, Sweetgreen hasn't, Panera, Danny Meyer's Organizations: III Holdings, Louis Bread Company, CNBC, Wall Street Locations: Cava

☆ Cava has the potential to be an industry-dominant vehicle, says Panera Bread Group founder
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCava has the potential to be an industry-dominant vehicle, says Panera Bread Group founderRon Shaich, Panera Bread Group founder and former CEO, joins 'Squawk on the Street' to discuss his Cava investment, the company's total addressable market, and more.

Persons: Ron Shaich Organizations: Bread, Bread Group

☆ Mediterranean restaurant chain Cava confidentially files for an IPO
▼ + stars: | 2023-02-06 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Mediterranean chain Cava announced Monday it has confidentially filed for an initial public offering. It's the first restaurant company so far this year to take the first step toward a public market debut, following a drought of IPOs in 2022. In 2018, it bought Zoes Kitchen for $300 million, taking the chain private. The company is converting Zoes locations into new Cava restaurants, expanding its footprint. Cava also sells its dips and spreads, like spicy hummus, tzatziki and tahini dressing, at Whole Foods and other grocery stores.

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