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1 total messages Started by Julian Macassey Sat, 07 Jan 2006 16:09
On the outs at In-N-Out
#675
Author: Julian Macassey
Date: Sat, 07 Jan 2006 16:09
35 lines
2147 bytes
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.

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