Noble Roman's shareholder dissatisfied with corporate policies

April 28, 2010
Kevin McBride, Florida-based shareholder of the Indianapolis-based Noble Roman's pizza chain, voiced his complaints about what he sees as the company's nepotism during a shareholder meeting, according to an article in the Indianapolis Star.
From the Star:
The company's top positions are dominated by the Mobley family. Paul Mobley is the company's chairman. His son, Scott, is the president.
But Scott Mobley noted in an interview after Wednesday's annual meeting that the company recently has expanded its board from three to five members.
Still, relations between McBride and the Mobleys remain strained.
McBride complains that the company needs more independent directors. He notes that one of the new board members, attorney Jeffrey Gaither, has provided legal services to the company.

Topics: Business Strategy and Profitability , Hiring and Retention , Public Companies

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