Serial entrepreneur and longtime restaurant group chief govt Julia Stewart, 70, goes viral this week for making one in all “the perfect strikes in management” on the subject of enterprise deal comebacks.
After seven years as a senior chief at Taco Bell, Julia Stewart joined Applebee’s as president in 1998. She left after three years when she was denied a promotion to CEO, she says, regardless of being promised and incomes the position — throughout her tenure, firm and franchise gross sales skyrocketed, and so did the inventory worth, per Fortune. Quickly after the snub, she joined IHOP as chair and CEO in 2001, per LinkedIn.
Associated: How Nvidia CEO Jensen Huang Reworked a Graphics Card Firm Into an AI Big: ‘One of many Most Outstanding Enterprise Pivots in Historical past’
After about six years within the position, in November 2007, IHOP acquired Applebee’s for $2.1 billion, and Stewart had a telephone name to make.
“I known as the chair and CEO of Applebee’s, and I stated, ‘Simply needed to say hello.’ And he stated, ‘I used to be anticipating this name,'” Stewart lately instructed The Matthews Mentality Podcast. “And I stated, ‘As you recognize, this morning, we introduced that we now have bought, for $2.3 billion, the corporate, and we do not want two of us, so I am gonna need to allow you to go.”
@kylematthewsceo Replying to @Lindsay One of the best do ever do it… Julia Stewart. Episode 59 of The Matthews Mentality Podcast #f#fypp#podcastclipsp#plottwistp#powermove ♬ unique sound – Kyle Matthews | Gross sales Suggestions
Stewart would proceed to function the chair and CEO of the guardian firm, Dine Manufacturers World, for an additional decade.
And at 70, Stewart remains to be working. She’s at present a board member at Bojangles, amongst different locations, and the founding father of a wellness app.
Associated: Airbnb’s CEO Says He Personally Manages 40 to 50 Staff as Direct Stories: ‘A Lot of Work’
Serial entrepreneur and longtime restaurant group chief govt Julia Stewart, 70, goes viral this week for making one in all “the perfect strikes in management” on the subject of enterprise deal comebacks.
After seven years as a senior chief at Taco Bell, Julia Stewart joined Applebee’s as president in 1998. She left after three years when she was denied a promotion to CEO, she says, regardless of being promised and incomes the position — throughout her tenure, firm and franchise gross sales skyrocketed, and so did the inventory worth, per Fortune. Quickly after the snub, she joined IHOP as chair and CEO in 2001, per LinkedIn.
Associated: How Nvidia CEO Jensen Huang Reworked a Graphics Card Firm Into an AI Big: ‘One of many Most Outstanding Enterprise Pivots in Historical past’
The remainder of this text is locked.
Be part of Entrepreneur+ at the moment for entry.
