IHOP’s Boss Once Bought Applebee’s Just To Fire The CEO Who Wronged Her – Foodbeast
In life, you find out how essential follow-through is. You by no means know what a promise means to the individual you make it with or who that individual will develop into down the road. During a current interview on The Matthews Mentality Podcast with host Kyle Matthews, former president of Applebee’s, Julia Stewart shared an eye-opening story about her expertise working on the firm.
She shared, “I was the president of Applebee’s and the CEO said, ‘When you turn this company around, we’ll make you CEO.’” To be clear, the best way Stewart shares the story implies that it was a verbal settlement, not one in writing. Nevertheless, Stewart adopted by means of. “So the stock has doubled, the graphs are in the right direction. Everything is going well. So I said, ‘I’m thinking it’s about time to be CEO.’ And he pauses and says… ‘No, no not ever.’”
Now clearly, the CEO wasn’t beholden to their verbal settlement, and because it wasn’t in writing and solely mentioned between the 2, he might simply deny that he ever stated it. But it’s the precept. How you comply with by means of, whether or not an settlement is verbal or in writing, says every part about your character.
Stewart continued, “‘So I said, ‘I’m going to go ahead and leave.’ I went to work at IHOP and realized that purchasing Applebee’s could be really interesting. We realized that 75% of all the products at IHOP are from the same manufacturers as Applebee’s. And so we did buy Applebee’s. After we announced it, I picked up my phone and called the CEO of Applebee’s and said, ‘As you know, we have purchased the company and we don’t need the two of us, so I’m going to have to let you go.”
Now that, women and gents, is what you name a mic drop. Host Kyle Matthews appeared to agree, as his solely response was, “You’re a stone-cold killer.” To watch the total interview, click on right here.
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