Franchisee of the Month: Paul Saber
Over dinner one night with founder Ron Shaich and a small group of Panera Bread franchisees, Paul Saber was last in the group to field questions from Shaich about what else the company should be doing and what his concerns were. Saber, who joined Panera in 2003 after a 17-year run at McDonald’s as a franchisee and senior corporate leader, posed a question that ultimately led to Panera Cares, the company’s groundbreaking pay-what-you-can business model designed to “share the warmth” with those less fortunate....
Better business: Meet Conscious Capitalism
There’s something in the air.
McDonald’s announced in February it was working with its pork producers to phase out gestation crates for its pigs.
In March, at the annual Starbucks company meeting, chairman and CEO Howard Schultz told the gathering, "The value of your company is driven by your company’s values."...
What investors see in Conscious Capitalism
At first glance, Bill Flagg and Michael Farello seem to have little in common. A million bucks is a big investment for Flagg, who puts it into fledgling E-commerce startups. Farello is a partner in a $2.5 billion private equity firm that focuses on mid-sized consumer product companies.
But despite differences in size and sectors, they share a common philosophy, which they call Conscious Capitalism. They seek out companies whose loyalties are broader than just to their stockholders, and they argue that such a business model offers advantages over the standard one....
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