One of the secrets to Irving Kahn’s success. Read more »
BusinessWeek: Do you handle the sales [at MD Helicopters, which Tilton took over in 2005]? Tilton: I deliver a lot of helicopters. I delivered the helicopter to the president of Costa Rica. I will do a big ceremony for the prime minister of Kurdistan. I have met with the king of Jordan multiple times. BusinessWeek: What do they make of you in Saudi Arabia? Do they ask you to wear a head scarf? Tilton: In Saudi Arabia, one dresses as the Saudis do. But I meet with Saudis here and in Dubai. The generals from Saudi Arabia were here, and we were all eating burgers and fries and salads, and one general asked me to run for president of the United States. BusinessWeek: What was your response? Tilton: I said I have 75 companies and 120,000 people that need me. Maybe someday. [BusinessWeek]
Jim Chanos, who oversees $6 billion as the founder of Kynikos Associates Ltd., said Danny Meyer’s hamburgers might have saved his two sons from getting struck by a bat that slipped out of Miguel Cabrera’s hands during last night’s Major League Baseball All-Star Game. The errant bat flew into the stands down the third base line after a swing and miss by the Detroit Tigers’ All-Star third baseman during the fourth inning last night. It flew over about 10 rows of fans before hitting the empty seats next to Chanos, who was seen dodging the projectile on the television broadcast by News Corp.’s Fox network. Chanos, the money manager who rose to fame shorting Enron Corp., said his sons weren’t in their seats at the time because they were grabbing food at Meyer’s Shake Shack stand at New York’s Citi Field, home of the Mets. “Luckily they got up to get a burger, so the bat landed where they were sitting instead,” Chanos said in an interview today at the CNBC Institutional Investor Delivering Alpha Conference. “I e-mailed Danny Meyer and said his burger had saved my sons.”
I don’t know what exactly it is a metric of—the economic crisis? healthier eating habits? better taste? the inexplicable success of that extremely annoying actress playing Wendy in the commercials? the cannibalization of its flagship product by the McRib?—but a McDonald’s milestone has been delayed.
According to leading economists and actuarial scientists (McDonald’s itself no longer calculates such things), Ray Kroc’s little hamburger stand was poised to sell its 300 billionth burger this year. But no more. Read more »
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Q: If you had to assemble hedge fund all-star team, that would invest together for a year or five or whatever time-horizon we decide on (the All-Star Game, it’s them versus the market), which managers would be on it? Read more »
THEhotel at Mandalay Bay is home to Hubert Keller’s new restaurant, Fleur. The menu includes a burger priced at $5,000 (which comes with a $2,500 bottle of wine, so manage your expectations about what this mere $2,500 piece of meat will taste like now) and Fleur representatives optimistically believe they’ll sell 6 of these things this year. Read more »