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Posted on 8/9/23 at 8:18 am to Shexter
Looks like Kevin Kimball about to get paid.
I read a story about a guy who owned a road paving who did the same thing. Gave the entire company to his longtime employees and retired.
I read a story about a guy who owned a road paving who did the same thing. Gave the entire company to his longtime employees and retired.
Posted on 8/9/23 at 8:18 am to Shexter
quote:
Hugh Freeze
Damn, I hope he has time to recruit and coach games this season
Posted on 8/9/23 at 8:20 am to Sayre
What an odd name to share with someone. Hugh Freeze. What are the chances honestly
Posted on 8/9/23 at 8:22 am to Shexter
I’d be willing to bet that Stabler didn’t donate them the land, just the business itself.
Posted on 8/9/23 at 8:22 am to teke184
quote:
How many Sammy’s locations are still open? I know Zachary and Central have been gone for a while now.
I believe Stabler purchased just the Highland Road location. I believe it is the only Sammy’s left.
I hope it makes it big, SBR needs good neighborhood type place in that area.
This post was edited on 8/9/23 at 11:35 am
Posted on 8/9/23 at 8:24 am to doubleb
Went back to Sammy's for the first time in a long long time. It is back.
No prime rib poboy though.
Posted on 8/9/23 at 8:44 am to MikeBRLA
quote:
I’d be willing to bet that Stabler didn’t donate them the land, just the business itself.
No doubt. They have to make money too. I'm sure he kept all the realestate and gave the company namesake to the people who've been working their entire lives to help establish the name. Giving them the "company" comes with a lifetime lease caveat. Benefits all parties and keeps the restaurants Stabler work so hard to establish going without having to deal with them...
Posted on 8/9/23 at 8:48 am to Shexter
Kevin eating real good
Posted on 8/9/23 at 9:05 am to DownSouthCrawfish
Really happy for David in Central. He works incredibly hard.
Posted on 8/9/23 at 9:07 am to Floyd Dawg
quote:
The ESOP I was part of was a clusterfrick. The only one who made money on that deal was the owner.
In an ESOP, the employees are the owners. So what do you mean only the "owner" made money?
Posted on 8/9/23 at 9:14 am to Ping Pong
Stabiler probably getting to age where he wants to semi retire.
This gets him out of the day to day issues restaurants have to deal with and those employees were running the day to day anyway.
Plus it probably gives him a nice tax break.
Stabiler worked hard and his catering company made a lot of money as well. He catered all over the country and brought Louisiana cuisine with him. He catered for Microsoft and Gates one time.
He was able to cater for all the disasters since Katrina and gov't paid him nicely. He was able to build a nice retirement nest egg from that.
This gets him out of the day to day issues restaurants have to deal with and those employees were running the day to day anyway.
Plus it probably gives him a nice tax break.
Stabiler worked hard and his catering company made a lot of money as well. He catered all over the country and brought Louisiana cuisine with him. He catered for Microsoft and Gates one time.
He was able to cater for all the disasters since Katrina and gov't paid him nicely. He was able to build a nice retirement nest egg from that.
Posted on 8/9/23 at 9:17 am to slackster
It's a partnership. 3 of the guys listed at Sammy's also got Catering Cajun. I personally know each and every one of them. Wayne does want to spend time with his family, but also wants to do more fishing. Disaster Group is a different company, and he maintains control with government relief contracts, ie. FEMA
This post was edited on 8/9/23 at 9:33 am
Posted on 8/9/23 at 9:20 am to Shexter
100%. Kevin Kimball posts here.
Posted on 8/9/23 at 9:22 am to Floyd Dawg
quote:
The ESOP I was part of was a clusterfrick. The only one who made money on that deal was the owner.
Yea, only one I know of was too. I am a skeptic because of that, so this headline reads like 'owner donates $5 million restaurant business with $6M in debt to employees' to me.
Posted on 8/9/23 at 10:30 am to ChadJones4Heisman
quote:Yeah, I thought it was the coach at first, but my wife apparently knows this one & it's not the same person. How incredibly random.
What an odd name to share with someone. Hugh Freeze. What are the chances honestly
Posted on 8/9/23 at 10:55 am to Shexter
Proud of my buddy Hugh, or “word”, as we used to call him.
Posted on 8/9/23 at 11:10 am to Shexter
Wow! Dondi McNulty was the executive chef at CCL when I worked there back in the early 2000s. I wondered where he ended up after leaving the club.
Posted on 8/9/23 at 11:41 am to Shexter
Little Village sucks arse these days. They donated them an anchor on those two.
Posted on 8/9/23 at 11:43 am to GFunk
quote:
Really happy for David in Central. He works incredibly hard.
This.
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