Regal Entertainment Group CEO Amy Miles remains the only female chief executive of a Tennessee-based public company, according to an annual report by Lipscomb University and Nashville CABLE, a diverse network of professionals.
The report “shows little progress toward gender diversity” in corporate boardrooms across the state in recent years. Since 2007 when the university researched the issue women have held between 7.9 and 8.3 percent percent of the board positions for Tennessee public companies, the report says.
The “Women in Corporate Leadership” study found that while 47 percent of the Tennessee work force was female in fiscal 2010, women held only 8 percent of the 566 public company board seats. Of the 17 new independent board directors appointed in Tennessee during fiscal 2010, only three were women.
Restaurant chain Ruby Tuesday has tried several new ideas to recover from
the Great Recession but the company might be better off getting into the real estate business, a Bloomberg report suggests.
A story on Bloomberg.com says restaurant companies such as Maryville-based Ruby Tuesday and Lebanon, Tenn.-based Cracker Barrel Old Country Store “can make more money selling their own real estate than food.”
“The 10 biggest U.S. restaurants that sell for less than the value of their property, plants and equipment trade at 70 cents on the dollar,” Bloomberg says. The report notes that Ruby Tuesday owns $1 billion worth of fixed assets, “twice its market value.”
Activists investors are taking a hard look at both companies.
Ruby Tuesday’s stock price has been on a downward spiral since the first of the year as the recovery has slowed and higher gasoline prices have taken a bite out of consumer budgets.
But there is reason to expect better times ahead for the Maryville, Tenn.-based company.
“Chains like The Cheesecake Factory Inc., Cracker Barrel Old Country Store Inc. and Ruby Tuesday Inc. could benefit from the return of business travel,” the Associated Press reported today, citing two Keybanc analysts.
Updated with more comments from Cracker Barrel official.
Cracker Barrel Old Country Store is joining the electric vehicle revolution. The restaurant chain said on Tuesday it will install electric vehicle chargers at 24 Tennessee locations, including sites in Farragut and Harriman.
The Lebanon, Tenn.-based company will install Blink chargers provided by ECOtality Inc., as part of The EV Project, a national initiative to promote development of an electric vehicle infrastructure.