Barington Capital Group L.P. wants Tampa restaurant operator Bloomin’ Brands Inc. to spin off or sell three of its restaurant brands and leave Outback Steakhouse to operate independently.
Barington, an activist investment firm in New York, is concerned about what it says is a sustained period of underperformance at Bloomin’ Brands under Elizabeth Smith, chairman and CEO.
Bloomin’ is making great progress in elevating the customer experience, and has posted increases in sales and market share over the last three quarters, Smith said in a news release. The company has taken action to cut overhead and reinvest the savings to improve its digital and IT infrastructure, as well as enhance its growing off-premise business, she said.
Pitch competitions are a staple of the startup world. Accelerators across the country prepare entrepreneurs to take the stage and share their ideas – in three minutes or less – with a room full of captivated community members, mentors and possible investors.
But what might a pitch night look like if the startups were replaced with nonprofits? What if, instead of relying grant funding with its many strings attached, nonprofits functioned more like startups? What if, for six weeks (and hopefully beyond) nonprofits laid archaic bureaucracies and practices to the wayside and did something different, something nimble.
In its second year, Social Venture Partners Tampa Bay Fast Pitch seeks to help nonprofits do just that. After six weeks of accelerated training and refinement, 10 organizations will present their social enterprise ideas at the Palladium in St. Petersburg Thursday night.
The 47-year-old Gularte, who joined American Stage at the tail end of 2014, inherited an organization that was financially solvent, more or less, but was having difficulty getting to the next level, creatively. After 40 years, perhaps understandably, a certain amount of programming complacency had set in.
“We’ve never seen something like this before,” said Joan Williams, a law professor who studies gender at the University of California, Hastings. “Women have always been seen as risky, because they might do something like have a baby. But men are now being seen as more risky hires.”