Julia Stewart: Snubbed for Promotion, Later Acquired Company

[ad_1] Serial entrepreneur and longtime restaurant group chief government Julia Stewart, 70, goes viral this week for making certainly one of "the very best strikes in management" relating to enterprise deal comebacks.

After seven years as a senior chief at Taco Bell, Julia Stewart joined Applebee's as president in 1998. She left after three years when she was denied a promotion to CEO, she says, regardless of being promised and incomes the position — throughout her tenure, firm and franchise gross sales skyrocketed, and so did the inventory value, per Fortune. Quickly after the snub, she joined IHOP as chair and CEO in 2001, per LinkedIn.

Associated: How Nvidia CEO Jensen Huang Reworked a Graphics Card Firm Into an AI Big: 'One of many Most Outstanding Enterprise Pivots in Historical past'

After about six years within the position, in November 2007, IHOP acquired Applebee's for $2.1 billion, and Stewart had a telephone name to make.

"I referred to as the chair and CEO of Applebee's, and I stated, 'Simply wished to say hello.' And he stated, 'I used to be anticipating this name,'" Stewart just lately informed The Matthews Mentality Podcast. "And I stated, 'As you understand, this morning, we introduced that we have now bought, for $2.3 billion, the corporate, and we do not want two of us, so I am gonna must allow you to go."

@kylematthewsceo Replying to @Lindsay The most effective do ever do it… Julia Stewart. Episode 59 of The Matthews Mentality Podcast #f#fypp#podcastclipsp#plottwistp#powermove ♬ unique sound - Kyle Matthews | Gross sales Ideas

Stewart would proceed to function the chair and CEO of the mum or dad firm, Dine Manufacturers International, for an additional decade.

And at 70, Stewart continues to be working. She's presently a board member at Bojangles, amongst different locations, and the founding father of a wellness app.

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Serial entrepreneur and longtime restaurant group chief government Julia Stewart, 70, goes viral this week for making certainly one of "the very best strikes in management" relating to enterprise deal comebacks.

After seven years as a senior chief at Taco Bell, Julia Stewart joined Applebee's as president in 1998. She left after three years when she was denied a promotion to CEO, she says, regardless of being promised and incomes the position — throughout her tenure, firm and franchise gross sales skyrocketed, and so did the inventory value, per Fortune. Quickly after the snub, she joined IHOP as chair and CEO in 2001, per LinkedIn.

Associated: How Nvidia CEO Jensen Huang Reworked a Graphics Card Firm Into an AI Big: 'One of many Most Outstanding Enterprise Pivots in Historical past'