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Sizzling Returns

Thompson hospitality was in crisis mode. Founded a few months earlier in 1992 when CEO Warren M. Thompson negotiated a leveraged buyout of 31 Big Boy restaurants from Marriott Corp., the fledgling company was neck-deep in debt. Herndon, Virginia-based Thompson Hospitality Corp. (No. 12 on the BE industrial/service companies list with $321 million in revenues) acquired the Washington, D.C., Maryland, and Virginia restaurants for $13.1 million. THC also raised $1.9 million in capital from about 25 investors, and Thompson anted up about $100,000 of his own cash to convert the locations into Shoney’s restaurants. But the transaction wasn’t going according to plan.

The Career Advice You Rarely Hear…..

The Career Advice You Rarely Hear…..

One of the many reasons why people get stuck in a job rut is they fail to understand that their career journey will be filled with the unexpected. You’ll experience...

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