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In hour 1, Chris and Amy cover the top stories making headlines. We dive into the latest winter weather report as Jeff Nordeen from Accuweather breaks down the Snowmageddon forecast for St. Louis. Plus, we discuss the passing of Panera founder Ron Shaich, the shocking incident of a plane flipping over in a tornado, and the salary needed to live comfortably in St. Louis.
In this episode, Chris and Amy cover the latest top headlines. Hour 1 starts with Jeff Nordeen from Accuweather breaking down the Snowmageddon forecast for St. Louis. The team also discusses the passing of Panera founder Ron Shaich, a plane flipping over in a tornado, and the salary needed to live comfortably in St. Louis. Hour 2 features Joey Zanaboni, who shares his experience calling the Baseball United UAE Series and previews St. Louis City SC's upcoming season. Bernie Miklasz joins the show to discuss the latest on the St. Louis Cardinals, Nolan Arenado trade rumors, offseason moves, and struggles in player development, along with updates on USA's loss to Sweden and Brady Tkachuk's injury. Chris and Amy then dive into "The Egg Beat," where they explore soaring egg prices. Hour 3 opens with State Senator Mary Elizabeth Coleman, discussing Missouri's DOGE initiative, public input via the Missouri Accountability Portal, and issues like chronic wasting disease. Chris and Amy also revisit Kevin Killeen's "Whole 'Nother Story" where he humorously describes February as the worst month of the year. The hour wraps with a discussion on the pros and cons of sharing your phone's location with others.
For a long time in the restaurant industry, there were two types of dining experiences: fast food or table service. But Ron Shaich, founder and former chairman and CEO of Panera Bread, managed to create an entirely new category in between the two: fast casual. That innovative idea laid the groundwork for companies like Chipotle, Sweetgreen, and beyond. In this episode, Shaich breaks down his core strategies for successful innovation in the restaurant industry: pinpoint what your customers truly want, differentiate your offering, execute with excellence, and focus on growth. He argues that these strategies aren't only relevant for the food industry — they can be used to scale any type of organization.Key episode topics include: strategy, customer service, entrepreneurship, going public, growth strategy, scaling entrepreneurial ventures, strategy execution, restaurants, fast casual, panera, chipotle, sweetgreen, innovation, disruption. HBR On Strategy curates the best case studies and conversations with the world's top business and management experts, to help you unlock new ways of doing business. New episodes every week. · Listen to the full HBR IdeaCast episode: Fast Casual Food Pioneer Ron Shaich Explains How to Find a Niche — and then Scale (2023)· Find more episodes of HBR IdeaCast· Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org]]>
Today's show features a market panel with Charlie Bobrinskoy of Ariel Investments and James Demmert of Main Street Research, offering insights on current trends. Warren Pies of 3Fourteen Research shares predictions for 2025 while reflecting on 2024's key market hits and misses. Ron Shaich, Panera Founder and Cava Board Chair, discusses the restaurant industry and consumer trends.. Charles Schwab's Joe Mazzola unpacks findings from the latest STAX report and market implications for what retail traders are doing. Plus, an exclusive inside look at TSMC's advanced chip factory in Arizona, showcasing groundbreaking developments in U.S. semiconductor manufacturing.
The tech outperformance continued in trading today. BofA's Jill Carey Hall and Schwab's Omar Aguilar break down how to play the current market. Adobe CEO Shantanu Narayen on the latest quarter and what's next for the company. United Wholesale Mortgage CEO and Phoenix Suns owner Mat Ishibia on mortgage demand and sport valuations. Ron Shaich, Panera founder and Cava Chair, on how to win consumers in the current environment.
In this episode of OFFBounds, host Paula Macaggi brings you a curated list of 8 essential books that every commerce leader should read this summer. Whether you're leading a team, running a business, or simply looking to enhance your leadership skills, these books will inspire and equip you with the insights needed to thrive in today's competitive landscape. What You'll Learn:
Ron Shaich is the founder and former CEO of Panera Bread, which he sold for $7.5 billion and was the best-performing restaurant stock under his leadership. Ron helped define the fast-casual restaurant segment: he was also the CEO of Au Bon Pain and is the Chairman of and lead investor in Cava, Tatte, Life Alive, and Level99. Ron joins Adam to share his journey and his best lessons and advice. Ron and Adam discuss entrepreneurship, leadership, innovation, personal and professional development, and much more.
When you think about a "convenience store manager," you probably don't imagine a future billionaire. But that's exactly the path Ron Shaich took from humble beginners selling Tollhouse cookies to a $7.5 billion restaurant empire. In this episode of Big Shot, Harley Finkelstein and David Segal welcome Shaich, the founder of Panera Bread, who shares his incredible journey from a nonprofit convenience store to his pivotal decision to create Panera Bread. Ron is a master at finding the trends others can't see before becoming popular. He shares the challenges and successes that defined his path, highlighting the power of adaptability and innovation. And breaks down the difference between risk-taking and risk-avoidance, and how leaning into one over the other can lead to incredible success. The episode is filled with incredible takeaways, including: How Ron has the best-performing restaurant stock of all time (44x return compared to the S&P 500) Why his first store in college was a spite store What he learned from his IPO with Au Bon Pain How he created an entirely new category, “Fast Casual” And so much more — In This Episode We Cover: (02:35) Ron's early years growing up in New Jersey in a family of left-wing political activists (07:50) Ron's gap year working for a congressman (09:45) How a false accusation of shoplifting prompted Ron to open a convenience store (14:50) How Ron fell in love with business and his time at Harvard Business School (19:28) The rewards of entrepreneurship (20:40) What business has in common with politics (23:22) How Ron made money selling flea collars in college (26:00) Why Ron got his inheritance early (27:35) Ron's work in DC as President of Targeting Systems (29:08) How Ron opened The Cookie Jar in Boston (31:43) Ron's partnership with Au Bon Pain's founder, Louis Kane (39:44) Ron and Louis's exceptional friendship and partnership (42:25) The importance of empathy and the insights that it brought Ron (48:35) How Ron created a brand new category, bakery cafe (51:50) How Ron felt right before Au Bon Pain's IPO (53:00) The downsides of going public (54:50) Ron's means, ends, and by-products framework (57:20) What Ron learned from watching his parents face death (1:00:13) How Ron organized his life (1:03:35) Ron's purchase of the St. Louis Bread Company (1:07:28) How Ron's trend studying led him to fast casual dining (1:13:52) The transformation of St. Louis Bread into Panera (1:15:33) Why Ron decided to sell Au Bon Pain to focus on Panera (1:20:25) The rapid growth stage of Panera (1:22:51) Ron's philanthropy with No Labels and Panera Cares (1:25:14) The painful journey of transforming Panera (1:32:09) Thoughts on success, chutzpah, and the Jewish entrepreneurial spirit (1:34:28) Why entrepreneurs are risk avoiders (1:35:34) Why Ron sees building organizations as a way to impact the world positively (1:37:44) Ron's investment company, Act 3, and the problem with short-termism — Where to find Ron Shaich: Website: https://www.ronshaich.com/ LinkedIn: https://www.linkedin.com/in/ronshaich/ X: https://x.com/shaich Facebook: https://www.facebook.com/shaich Where To Find Big Shot: Website: https://www.bigshot.show/ YouTube: https://www.youtube.com/@bigshotpodcast TikTok: https://www.tiktok.com/@bigshotshow Instagram: https://www.instagram.com/bigshotshow/ Harley Finkelstein: https://twitter.com/harleyf David Segal: https://twitter.com/tea_maverick Production and Marketing: https://penname.co
Welcome to episode 17 of Podcast With Friends! On this episode, I sit down with Noah Tepperberg, Ron Shaich, and Rob Gronkowski. We talk about the impact of covid on the restaurant business, the power of personal branding, and social media marketing. Hope you enjoy! Check out my new book - Day Trading Attention: https://garyvee.com/dta — Thanks for listening! --- Send in a voice message: https://podcasters.spotify.com/pod/show/garyvee/message
In today's episode, I'm thrilled to have Ron Shaich, founder of Panera and CEO of Act 3 Holdings, share his insights on transformative leadership and strategic execution. We explore the significance of honesty in management, the power of prioritization, and the necessity of adhering to a system for consistent success. Ron emphasizes the importance of understanding customer needs, managing personal and organizational priorities, and maintaining focus to achieve meaningful results. Join us as we discuss how to navigate the complexities of entrepreneurship with clarity and purpose. Learn more about your ad choices. Visit megaphone.fm/adchoices
Some business leaders have a seemingly psychic ability to spot trends, and take them mainstream at just the right moment. Ron Shaich is one of those. As a pioneering force behind fast-casual dining, Shaich saw that a growing number of Americans craved higher quality food in a relaxed yet speedy setting. His first major company, Au Bon Pain, paved the way for the meteoric rise of Panera Bread, with more than 2,000 locations nationwide. An accidental start running a convenience store first showed Ron the power of business to enact change. And his curiosity about trends and pattern recognition has fueled the growth of his businesses for decades. These forces have led to Ron Shaich upending how we eat like few others. Read a transcript of this episode: https://mastersofscale.comSubscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Carl Quintanilla and Sara Eisen tackle today's biggest Money Movers from the floor of the New York Stock Exchange.
Erik Griffin joins for a discussion about uncommon meals and college football mouthpieces. The guys also take a look at the congressional hearing with three university presidents attempting to evade antisemitic intolerance claims. Adam then talks about going to Seth MacFarlane's annual Christmas party and commends the large orchestra featured at the event. Next, the guys complain about airline delays and service cancellations. Chris reports the news on Biden boosting funds for California high-speed rail projects, Jada Pinkett-Smith crediting the Chris Rock slap for saving her marriage, Angelina Jolie leaving Hollywood, and Patrick Mahomes complaining about NFL officiating during a handshake. Lastly, the founder and former CEO of Panera Bread, Ron Shaich, joins the show. He provides insight on managing a corporation, the importance of brand messaging, and incentivizing employees. For more with Erik Griffin: ? See him live ? Bernalillo, NM - Quezada's Comedy Club & Cantina – Dec 29 to 30 ? La Jolla Comedy Store – January 5 to 7 ? Subscribe to his podcasts ‘Riffin with Griffin' and ‘The Golden Hour' ? http://ErikGriffin.com For more with Ron Shaich: ? Get his new book, Know What Matters: Lessons from a Lifetime of Transformations, available now! ? http://RonShaich.com Thank you for supporting our sponsors: ? http://OReillyAuto.com ? http://BetterHelp.com/Carolla ? Get the Viator App
Ron Shaich is the former CEO of Panera Bread, Au Bon Pain, and recently author of the book "Know What Matters: Lessons from a Lifetime of Transformations," which combines his personal philosophies with professional guidance from his years of work and prioritizing what has meant the most to him. Ron joins Leah Smart to introduce the concept of a "pre-mortem," which involves defining what matters most to us and how to get there. Ron emphasizes the importance of being rigid in our vision but flexible in our execution. He breaks down the pre-mortem into four areas of life to focus on and shares personal stories and insights on how to create a meaningful life and a successful business. Follow Leah Smart on LinkedIn Follow Ron Shaich on LinkedIn
Ron Shaich, the son of a man who died with a few regrets, started two super successful restaurant chains: Panera and Cava. Today I share a story from his book, Know What Matters, which describes a clarifying moment between father and son that transformed Ron's intentions.
The restaurant business is notoriously competitive and often propelled by passing fads. But, first at the helm of Au Bon Pain, and then as the founder of Panera Bread, Ron Shaich managed to create an entirely new category of dining between fast food and table service and then dominate that market in the United States. He says the strategies that brought him success can be applied in any type of organization: listen to and observe customers so you know what they want, create a truly differentiated offering, execute with excellence, and find the right opportunities to grow. He's employed this playbook as an investor in newer ventures like Cava and Tatte, as well. Shaich wrote the book Know What Matters: Lessons from a Lifetime of Transformations.
Ron is the founder and former Chairman & CEO of Panera Bread and author of “Know What Matters: Lessons from a Lifetime of Transformations” (Harvard Business Review Press, Oct. 24, 2023)
Ron Shaich is the Founder of Panera Bread, the Chairman of Cava, and the author or a brand new book called, “Know What Matters: Less from a Lifetime of Transformations.” In this conversation, we talk about innovation in the restaurant industry, how to evaluate people, how to deal with activist investors, investing through the full life cycle of a company, inflation & supply chains, and where his inspiration comes from. ======================= Auradine, a leader in web infrastructure solutions including blockchain, AI, and privacy, has unveiled the world's first 4nm Bitcoin mining systems, featuring breakthrough EnergyTune™ technology, setting new standards in performance and energy efficiency. The Teraflux™ product line from Auradine offers best-in-class performance, efficiency, and total cost of ownership (TCO), positioning it as the optimal choice for Bitcoin mining needs. With EnergyTune™, a patent-pending technology, Auradine's Teraflux™ systems enable rapid demand response and optimal energy usage, fostering a symbiotic relationship with electrical grids, and contributing to sustainable energy practices. Designed and manufactured in the US, Auradine's Teraflux™ product line not only ensures cutting-edge technology but also mitigates supply chain risks and provides increased supply chain resiliency. Visit www.auradine.com for more information the Teraflux bitcoin mining systems. ======================= Cal.com is leading the charge of scheduling platforms in the open-source sphere, offering you the chance to harness the efficiency previously reserved for elite corporations and tech gurus. That's right, Cal.com is transforming sophisticated calendar management into an accessible tool for all via a user-friendly interface. Discover how countless users are optimizing their time in unprecedented ways. Use code “POMP” for $500 off when you set your team up with Cal.com. ======================= Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/
From its inception, Panera Bread helped pioneer fast-casual dining. Born as Au Bon Pain in the early 1980's, founder and former CEO Ron Shaich built the Panera bakery-café concept into a behemoth with over 2,000 locations. The author of the new book, KNOW WHAT MATTERS: Lessons from a Lifetime of Transformations, Shaich shares stories of the tough calls he made to build a big brand, and the big idea behind his newest venture, Cava (NYSE:CAVA), and why Mediterranean may be the Next Big Thing in the fast-casual dining sector. Inside the ICE House: https://www.theice.com/insights/conversations/inside-the-ice-house
Episode 61: A guest Founder's Journal by an industry veteran. Ron Shaich, founder and former CEO of Panera Bread, shares his early exposure to entrepreneurship and how a personal tragedy led to a personal philosophy that would eventually transform the fast-casual restaurant industry. Send us an email and let us know what you think of the idea! foundersjournal@morningbrew.com #FoundersJournal #Startups #Entrepreneur Listen to Founder's Journal here: https://link.chtbl.com/OV4W93_W Watch Founder's Journal here: https://www.youtube.com/@FoundersJournal/ Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Alex! Alex Lieberman (@businessbarista) Learn more about your ad choices. Visit megaphone.fm/adchoices
How do you build a restaurant chain with lines out the door? Dylan Lewis caught up with Ron Shaich, the former CEO of Panera and Au Bon Pain, the current Chairman of Cava, and author of the upcoming book Know What Matters: Lessons from a Lifetime of Transformation. At a live Motley Fool member event in New York, they discuss: Past, present, and future cravings of the American eater Fighting against the “pervasive short-termism in our capital markets” And the future of automation in food Ticker discussed: CAVA Host: Dylan Lewis Guest: Ron Shaich Producer: Mac Greer, Mary Long Engineer: Tim Sparks
Ron Shaich, former CEO of Panera Bread and Au Bon Pain, discusses his book Know What Matters: Lessons from a Lifetime of Transformations. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.
Ron Shaich, former CEO of Panera Bread and Au Bon Pain, discusses his book Know What Matters: Lessons from a Lifetime of Transformations. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.
Want to know how to stack AND enjoy more Benjamins? Us too! That's why we like taking life advice from the right people. In our minds, Ron Shaich, founder and former CEO of Panera Bread joins us to talk about living a life of service. Ron's had a full life, making money quickly but still working. How come? It turns out, Ron's best life advice revolves around how to live with meaning, rather than chasing money. We talk about his early days with the company, reinventing Panera before it was broken, and coming back out of "retirement" four times to pursue the next phase of running the business he loves. Speaking of life advice...one crypto trader could use some. Mom always said "measure twice and cut once" when doing anything. This trader lost OVER one hundred thousand dollars on a trade recently. We'll share how and what life advice this may mean for you! (There's plenty). Of course, we still throw out the Haven Life Line to a lucky listener and also dive into some of Doug's juicy trivia. FULL SHOW NOTES: https://www.stackingbenjamins.com/know-what-matters-with-ron-shaich-1426 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices
Ron Shaich is the founder of iconic brands like Au Bon Pain and Panera Bread, investor in food brands such as Cava and Tatte, and now author of the book ‘Know What Matters.' In this conversation, Shaich and I discuss how to build iconic brands, why ubiquity can breed contempt, and what founder should consider before taking their company public. It was a conversation filled with practical takeaways you can apply to your life today. I hope you enjoy. -- Stay up to date by subscribing to The Profile, our weekly newsletter that brings you the best profiles of successful people and companies. Sign up here: https://theprofile.substack.com/
In today's episode, I chat with Panera Bread's founder, Ron Shaich, about his 36-year leadership journey. From starting as a small cookie store in Boston to becoming a top fast-casual chain with over 120,000 employees, Shaich delves into how he approached those tough choices along the way. Prioritizing core values over just data, our discussion uncovers the importance of resilience and perseverance in leadership. __________________ This episode is sponsored by Kyndryl. Kyndryl makes the future of work possible by designing, building and managing systems that the world depends on. Make sure to check them out at Kyndryl.com. __________________ Start your day with the world's top leaders by joining thousands of others at Great Leadership on Substack. Just enter your email: https://greatleadership.substack.com/
As an entrepreneur and CEO, Ron Shaich has had one truly remarkable career. He's the founder and former chairman and CEO of Panera Bread, a groundbreaking restaurant brand that today has more than 2,400 bakery cafés, 120,000 employees – and nearly $6 billion in annual sales. Under Shaich's leadership, for multiple years, Panera generated […] The post Ron Shaich: Know What Matters appeared first on Mark C. Crowley.
Why are the public markets good for Cava and not Panera Bread? This week's episode of the Restaurant Business podcast “A Deeper Dive” features Ron Shaich, the chairman of Cava and former CEO of Panera Bread. Shaich has turned his attention to investing in and building brands since Panera was sold to JAB Holdings in 2017. He recently wrote a book, “Know What Matters, Lessons from a Lifetime of Transformation.” We took the opportunity to talk with Shaich about a wide range of issues, including why Panera Bread thrived while many other players in the bakery-café segment could not. We also talk about the decision in the 1990s to sell Au Bon Pain and focus on Panera. We also talk about some of the other chains Shaich's Act III Holdings has invested in, including an upscale bakery-café concept, a plant-forward concept and an eatertainment brand. But we also talk about public companies and activist investing. After the sale of Panera, Shaich has been highly critical of the public markets and their focus on short-termism, particularly that of activist investors. We asked why he would then take Cava public in the face of that criticism. It's a fascinating conversation with one of the industry's more innovative figures, so check it out.
What does success look like in the restaurant industry? For Ron Shaich, it meant driving Panera Bread to outperform both Starbucks and Chipotle over the last 20 year, ultimately creating a restaurant concept valued at $7.5 Billion Dollars. How did he do it? The answer was surprisingly simple and today he takes us on the journey from a single unit cookie company to a billion dollar brand. For more on Ron and his company go to www.ronshaich.com ________________________________ Sign Up for Our Weekly Newsletter Book time on Josh's personal calendar We have a lot more content coming your way! Be sure to check out the FULL COMP media universe by visiting: FULL COMP The Happy Mouth Morning Show Restaurant Marketing School The Playbook
In the early 1980s, Ron Shaich bought a small, struggling Boston bakery chain called Au Bon Pain, and built it out to 250 locations nationwide. Ron then saw an opportunity to build something even bigger: Panera Bread. It was the start of "fast casual" – a new kind of eating experience, between fast food and restaurant dining. Today, Panera Bread has over 2,000 stores, and $5 billion in annual sales. PLUS, for our postscript "How You Built That," we check back with Lisa Dalton, who turned a relationship mishap into a game-changing braille label that solves a daily problem for blind consumers.
The over 250 remarkable guests on more than 140 episodes of Add Passion and Stir have shared great wisdom, poignant personal experiences and true inspiration. To create a fresh experience for our listeners, we have curated this powerful content into some brand new episodes with themes like leadership, diversity and inclusion, national security, food equity and child hunger. This first episode is a compilation of expert views on leadership, including Former Secretary of Agriculture Tom Vilsack, United States Senator Jeanne Shaheen, Congressman Jim McGovern, Civil Rights legend Hubie Jones, Panera Founder Ronn Shaich, and social change pioneer Bill Novelli. Tune in for perspectives on effective leadership from an all star lineup of seasoned and successful leaders. “One of the things that I think all of us can do is to model civil discourse and respect for others - for people we don't agree with necessarily. We have to be able to listen to each other and to figure out how we can compromise and work together.” - Jeanne Shaheen“At some point somebody has to have the political courage and say, ‘No, that's not right, that’s not true’... And at some point in time, you have to say, ‘You know what? We're not playing that game... We're playing the game of getting problems solved in this country.’” - Tom Vilsack“[Martin Luther King, Jr.] was basically starting with taking us to school... Then he took it to political rally and then he took it to church and by the time I left Jordan Hall, I was so elevated... That was the night that sealed my commitment to work for social justice and racial justice in this society and that I was going to lead a purpose-driven life.” - Hubie Jones“I got in this to make a difference in the world. It seemed to me that business was an actually a more powerful way to make a difference in the world.” - Ron Shaich“I go home every night with a song in my heart because [my MBA students] understand that there's more than one bottom line. Sure, they may go to Google, they may go to a Goldman Sachs, but they're going to make a difference.” - Bill Novelli
Billy Shore and Producer Paul "Woody" Woodhull are riding 300 miles in 3 days in Santa Rosa to help raise millions of dollars to end childhood hunger in America today so we are offering a reprise of this fascinating discussion. If you want to support the Chef Cycle ride and No Kid Hungry Please click on this link ( https://tinyurl.com/WoodyTurns62 ), to learn how you can join me in the fight to end childhood hunger here in the United States. Every $1 you donate can help connect a child with up to 10 meals.What do business and politics have in common in today’s climate? Panera Bread Founder and Chairman of the Board Ron Shaich and FoodCorps Co-Founder and CEO Curt Ellis discuss how responsible leadership can inform both business and politics and the central role that food could play. “One of the most powerful things we can do as leaders is first, tell ourselves the truth,” says Shaich. “The hardest part of making decisions is the uncertainty that occurs… You need to project the confidence to everybody to get them over the hurdle while you yourself are unsure.” Ellis describes a key leadership moment when FoodCorps began developing a whole new realm of business skills to address the supply side of school food. “The decision to say: ‘We believe we have the ability to get good at something we’re not yet good at’ was a real decision to put ourselves out there,” he believes. Ellis sees the power of food in addressing political problems. “Food is this place where so many of the challenges that we must learn how to solve in our country intersect. Food is the place where social justice and racial justice meet environmental sustainability and public health,” he says. Shaich laments the problems created by short-term thinking in business and politics. “We need to examine why our politics has gotten so short term, so coarse and so ‘it’s my way or the highway,’” he says. “Unless we can solve that, we’re not going to be the country in the future that we’ve been in the past.” Get inspired as two leaders who have found ways to change the world through food share their advice on leadership and making a lasting impact.
Panera Bread founder Ron Shaich on growing the hit restaurant chain. He now manages Act III Holdings, a $300 million fund that invests in brands focused on long-term results.
During his time at Panera, Jonathan Yohannan, former Vice President, Public Relations*, saw the company’s shift to an all-clean menu. No preservatives. No antibiotics. No artificial ingredients. Just clean food. Food as it should be. That’s Panera’s purpose today, and it’s especially commendable given how price-competitive fast casual chains are. While more chains are adding healthy choices to their menus and eliminating “bad” ingredients, none have completely overhauled their menus like Panera did. These changes are not just to benefit Panera. The company and its founder and former CEO, Ron Shaich, have been vocal about shifting the industry’s approach to food. “Food as it should be” isn’t just about what’s served at Panera, but the options every consumer has, anywhere they eat. Here are some of the insights Yohannan shared in this episode: Be vulnerable. Panera is ahead of cultural conversation about food. But that can be challenging, especially for a food brand – by publicly removing artificial sweeteners from your menu, you’re also admitting there have been artificial sweeteners in people’s food. Panera addresses this by inviting customers into the conversation. “It’s the trust factor. We’re not perfect, but we’re going to at least tell you where we are along the journey.” Consult with a diversity of experts. This trail is not blazed alone. Dietitians, farmers, scientists, policy writers, and other experts guide Panera’s decision-making and adoption of new policies. It’s a communal process that allows new and diverse voices to be heard. Change, don’t replace. Creating an all-clean menu doesn’t have to mean replacing the entire supply chain. Of the vendors that provide Panera’s 460 ingredients, many with sub-ingredients, only one was removed from the supply chain. This is because Panera collaborated with vendors to update their practices and products. Embrace criticism. As with any brand pushing boundaries, there are occasionally critics attacking Panera for going too far or not going far enough. Panera uses that criticism as a metric for success. “If you don’t get criticism, you haven’t stood for anything. And that’s the truth Resources + links Panera Corporate Information Clean Food Promise *Yohannan now serves as SVP, Integrated Communications at KIND Snacks.
What do business and politics have in common in today’s climate? Panera Bread Founder and Chairman of the Board Ron Shaich and FoodCorps Co-Founder and CEO Curt Ellis discuss how responsible leadership can inform both business and politics and the central role that food could play. “One of the most powerful things we can do as leaders is first, tell ourselves the truth,” says Shaich. “The hardest part of making decisions is the uncertainty that occurs… You need to project the confidence to everybody to get them over the hurdle while you yourself are unsure.” Ellis describes a key leadership moment when FoodCorps began developing a whole new realm of business skills to address the supply side of school food. “The decision to say: ‘We believe we have the ability to get good at something we’re not yet good at’ was a real decision to put ourselves out there,” he believes. Ellis sees the power of food in addressing political problems. “Food is this place where so many of the challenges that we must learn how to solve in our country intersect. Food is the place where social justice and racial justice meet environmental sustainability and public health,” he says. Shaich laments the problems created by short-term thinking in business and politics. “We need to examine why our politics has gotten so short term, so coarse and so ‘it’s my way or the highway,’” he says. “Unless we can solve that, we’re not going to be the country in the future that we’ve been in the past.” Get inspired as two leaders who have found ways to change the world through food share their advice on leadership and making a lasting impact.
Ron Shaich, the founder of Panera Bread, the ultra-successful fast-casual chain, resigned from his CEO job in 2017 and is now talking more about what he sees as one of the unique plagues in American business, as well as politics: short-term thinking. We talk in this conversation about how Shaich, a college student with no interest in business, got interested in his line of work, and how his lessons learned in business apply to business. We also touch on whether Shaich himself, who spoke recently at a political event in New Hampshire -- a key presidential primary state -- has any interest in running for office himself. We talk about his time working on political campaigns in the 1980 cycle for a Democratic consultant, which I found fascinating. Of President Trump, Shaich is critical, but he told me he has "profound respect for those that are voting for Trump [and] for what they're trying to communicate.” But, he says he thinks Trump is doing a “poor job of delivering” for the people who voted for him. "He's the antithesis of everything I believe a business person to be,” Shaich said. "Trump is not a solution. Trump, as I said, is a human hand grenade that was meant to drain the swamp. The problem is, is the solution draining the swamp, or fixing the environment we call Washington so it better serves us?”Shaich believes the core problems in business and politics is that "we've lost the patience to take the long view, and we have found ourselves in this place where our structures don't support it.”Outro Music: "Mvmt I, "Rejoice! Rejoice!" by the Oh Hellos Support this show http://supporter.acast.com/thelonggame. See acast.com/privacy for privacy and opt-out information.
Panera Bread founder and chairman Ron Shaich on the many ups and downs that went into growing the hit restaurant chain. He now manages Act III Holdings, a $300 million fund that invests in brands focused on long-term results.
It's Thanksgiving week, so we wanted to bring you an episode that celebrates family. Michael's gap year story is as much about family as some of the amazing adventures he did independently. Michael joined structured programs in Asia and Africa, but also interned and traveled with friends and family. In this episode Michael and his dad Ron join us to talk about their gap year experiences (Ron took one as a young man too) and how they agree that a gap year is one of the best investments that you can make in your future.
For several weeks, a group of private equity investors have been negotiating a deal for Yum China, the largest restaurant operator in the country. And just last week, Panera Bread founder Ron Shaich helped orchestrate the merger of CAVA Group and Zoe’s Kitchen to create a dominant player in the fast-casual Mediterranean niche. We dive into these potential buyouts and more. Stocks: ZOES, YUMC
In the early 1980s, Ron Shaich bought a small, struggling Boston bakery chain called Au Bon Pain, and built it out to 250 locations nationwide. Ron then saw an opportunity to build something even bigger: Panera Bread. It was the start of "fast casual" – a new kind of eating experience, between fast food and restaurant dining. Today, Panera Bread has over 2,000 stores, and $5 billion in annual sales. Plus, for our postscript "How You Built That," how Tyson Walters got so tired of his St. Bernard shedding everywhere that he created the Shed Defender, a zip-up body suit for dogs that captures loose hair.
Who doesn't like to eat? Maybe my seven-year-old … he'd rather talk at the table … but the rest of us, when we're hungry, want something right now, and something that's not going to induce a lot of guilt. That, in a nutshell, is what has given birth to the fast casual movement over the past 20-plus years, and this week, I want you to join me for my conversation with the father of fast casual, Ron Shaich. Before there was Chipotle or Dig Inn, there was Panera Bread. Founded in Missouri in 1987, it now boasts more than two thousand locations. But Shaich, one of the founders, was selling cookies when he first got into the restaurant business. And he's got some insights to share about the journey. I got some time with Ron Shaich to talk technology, and quality, and wages, and more. We had half of this conversation on Fortt Knox Live, which you can catch Wednesdays at 2 pm, and see by the way on YouTube, and the CNBC app on Apple TV and Amazon Fire TV. Also, Ron and I kept the conversation going exclusively for this podcast, so there are parts that are new here, even if you watched live. Learn more about your ad choices. Visit megaphone.fm/adchoices
As he tells it, Ron Shaich has overseen six iterations of Panera Bread over the last 36 years he's been running the company. It started out as a cookie store in downtown Boston. Now, Panera franchises cover the U.S. serving fresh bread, soups, salads, sandwiches and sweets. Hear Shaich talk about his pioneering days of fast-casual food, how he made smart, painful decisions to grow the company and why, when the company was public, he never focused on the stock price.
On this week's show, we revisit two of our favorite interviews. Best-selling author Dan Pink talks about his latest book, "To Sell is Human: The Surprising Truth About Moving Others." And Panera Bread founder and CEO Ron Shaich serves up some insights on the restaurant business.
Microsoft rises on earnings. Amazon hits a new high. And Netflix overtakes HBO. Our analysts discuss those stories and share three stocks on their radar. Plus, Panera Bread founder and CEO Ron Shaich serves up some insights on the restaurant business.