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Article #675

On the outs at In-N-Out

#675
From: Julian Macassey
Date: Sat, 07 Jan 2006 16:09
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From the Jan 7 LA Times:

In-N-Out Burger Inc., the Irvine company known for its
Double-Double and its customers' intense devotion, is embroiled
in a family feud, according to a lawsuit.

Richard Boyd, In-N-Out's vice president and a board member, has
accused 23-year-old heir Lynsi Martinez and others of trying to
accelerate her takeover of the popular family-owned burger chain.

Boyd contends that Martinez and allied corporate executives have
attempted to force out Esther L. Snyder, the family matriarch,
company president and a board member, who is 86 and in poor
health, according to a lawsuit filed Thursday in Los Angeles
County Superior Court. Martinez is the only grandchild of Snyder,
who opened the first drive-through In-N-Out stand in 1948 with
husband Harry Snyder.

The lawsuit reads like a corporate soap opera in which Boyd, a
longtime employee and co-trustee of nearly two-thirds of the
privately held company's stock, is the lone impediment to an
alleged attempt by Martinez to engineer a coup and install top
management that would expand the chain too quickly. Boyd also
accused Martinez, In-N-Out Vice President Mark Taylor and others
of attempting to wrongly fire Boyd from In-N-Out and his trustee
positions.

[more]



-- 
If 40 per cent of Americans still believe Saddam Hussein had a hand in the 
attacks of 9/11, it follows either that they are all very stupid or that 
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From: Julian Macassey <julian@tele.com>
Newsgroups: la.eats,ba.food
Subject: On the outs at In-N-Out
Date: Sat, 07 Jan 2006 16:09:31 -0000
Organization: Ned Lud's Technology Museum
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