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Wendy P. McCaw Reagan Ranch Roundtable with Andy Puzder

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Jun 22, 2018
12:00 pm - 1:30 pm
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Event Overview

You are invited to join us for the Wendy P. McCaw Reagan Ranch Roundtable featuring Andy Puzder and his new book The Capitalist Comeback: The Trump Boom and the Left's Plot to Stop It on Friday, June 22, 2018 at 12:00 noon. This event will take place at the Hilton Santa Barbara Resort (formerly Fess Parker Doubletree).

Please RSVP to events@reaganranch.org or (805) 957-1980. Tickets are $45/person. Full time, undergraduate students attend free (RSVP is still required).

This event will take place in conjunction with our June High School Conference at the Reagan Ranch. Space is limited--RSVP today!

About The Capitalist Comeback:

As a successful CEO in the restaurant industry, Andy Puzder uniquely understands how important the profit motive is to our country's ultimate prosperity. Furthermore, as the grandson of immigrants, the son of a car salesman, and someone who worked his way up from earning minimum wage to running an international business, he has a first-hand view of how America's exceptional capitalist spirit can lift everyone to success.

In 2016, the American people faced a stark choice between two very different presidential candidates. Hillary Clinton spent most of her adult life involved in politics and promised to uphold and advance the progressive legacy of President Barack Obama who had first won the White House on promises to "spread the wealth around." Donald Trump, on the other hand, came from the business world, was an unapologetic capitalist, used his own personal wealth as inspiration, and promised simply to "Make America Great Again."

By choosing Trump over Clinton, the American people put a stop to decades of government expansion under progressive leadership, and they might just have saved our economy by doing so.

America was once a land where everyone was encouraged to seek their fortune - the more prosperous our citizens, the more our whole society could in turn prosper. But leftist forces in the United States have been seeking to tarnish the pursuit of prosperity and to paint profit as an evil motivation fit only for greedy plutocrats.

Andrew Puzder understands this first-hand after a progressive smear campaign stopped him from joining President Trump's cabinet. As Puzder explains in his new book, The Capitalist Comeback, this was an act of desperation from a left wing facing irrelevance with a pro-business president in the White House. From its roots in the Progressive Era to labor unions to education to entertainment to its political resurgence with avowed socialist candidates such as Bernie Sanders, Puzder traces the development of the anti-profit forces in the United States and shows how, under President Trump, they can be vanquished for good.

 

About Andy Puzder:

Andrew F. Puzder is the former CEO of CKE Restaurants Holdings, Inc. (“CKE”). He earned a Juris Doctorate in 1978 from Washington University School of Law in St. Louis, Mo., where he served as Senior Editor on the Law Review. From 1978 through 1991, Puzder was a commercial trial lawyer in St. Louis. From 1978 through 1983, he was an associate at the law offices of famed St. Louis attorney Morris A. Shenker who he also represented in various matters. In 1984 he moved to The Stolar Partnership in St. Louis and worked with Charles A. Seigel, another renowned St. Louis area trial attorney. During this period, Puzder was involved in a number of high-profile cases.While practicing law in St. Louis, Puzder authored legislation which The United States Supreme Court upheld in Webster v. Reproductive Health Services in 1989. Following the Webster decision, Puzder was a founding member of The Common Ground Network for Life and Choice.

Also while in St. Louis, Puzder met Carl N. Karcher, the founder of the Carl’s Jr. quick-service restaurant chain. Karcher was embroiled in serious financial difficulties and asked Puzder to move to California as his personal attorney. In 1991, Puzder relocated to Orange County, Calif. He is credited with resolving Karcher’s financial dilemma, allowing Karcher to avoid bankruptcy and retain a significant ownership interest in the company he founded, CKE Restaurants.

Puzder principally resolved Karcher’s financial problems by putting together a transaction with William P. Foley, the Chairman and CEO of Fidelity National Financial, Inc. In 1994, Foley became Chairman and CEO of CKE and Karcher became Chairman Emeritus. In 1995, Puzder went on to become Executive Vice President and General Counsel for Fidelity, managing one of the largest corporate legal departments in the country. He also worked with Foley to create the Santa Barbara Restaurant Group, a conglomerate of restaurant chains. Puzder served as the company’s CEO.In 1997, Puzder was named Executive Vice President and General Counsel for CKE. Also in 1997, CKE purchased Hardee’s Food Systems, Inc., which owned the Hardee’s quick-service restaurant brand. Hardee’s was a distressed brand and CKE was burdened by over $700 million in debt following the acquisition. The company underperformed and its market capitalization dropped to about $200 million. Faced with serious financial and operational issues, CKE’s Board of Directors named Puzder as president and CEO of Hardee’s Food Systems in June 2000 and named him president and CEO of CKE in September of that year. Puzder is credited with turning around both the Hardee’s brand and CKE, allowing the company to survive, become financially secure and return to growth.In July of 2010, the private equity firm Apollo Management took CKE private in a transaction valued at $1 billion.

In December of 2013, Roark Capital purchased CKE and retained CKE’s management team including Puzder, who retired after 16 years as CEO in April 2017. The company prospered under his management. It grew to an international quick-service food organization that owned and franchised more than 3,800 restaurants in the United States and around the world. In fiscal year 2016, CKE’s company-owned and franchised restaurants generated $4.3 billion and employed over 75,000 people domestically and over 115,000 worldwide. CKE currently owns, operates, and franchises popular restaurant brand Carl’s Jr., Hardee’s, Green Burrito, and Red Burrito.On Dec. 8, 2016, Puzder was nominated by then President-elect Donald Trump to be the United States Secretary of Labor, but on Feb. 15, 2017, the eve of his scheduled confirmation hearing, Puzder withdrew his nomination after it became clear to Republican Senate leaders that they did not have the votes to confirm him in the Senate confirmation. Puzder was one of the Democrats’ biggest targets in the confirmation hearings.

Puzder, who many call a “poster CEO for the regulatory reform effort,” often appears on business news programs including “Varney & Co.,” “Your World with Neil Cavuto,” “Mornings with Maria,” “Squawk on the Street,” and “Live with Stephanie Ruhle.”

Puzder is a prolific author on economic and legal issues in periodicals such as The Wall Street Journal, Forbes, Investors’ Business Daily, Real Clear Politics, CNBC, The Hill, and the Orange County Register. Puzder is a frequent lecturer on economics and politics for various groups and associations as well as at colleges and universities.

In 2010, he co-authored the book titled Job Creation: How It Really Works and Why Government Doesn’t Understand It. His second book, The Capitalist Comeback: The Trump Boom and the Left’s Plot to Stop It, comes out on April 24, 2018.Mr. Puzder and his wife Dee are major supporters of many charitable organizations including the Dream Foundation, a national non-profit serving terminally ill adults, which the Puzder’s have supported since its inception. The Puzder’s are also active contributors to local and national charities including: St. Philip’s Catholic Church; Cottage Hospital in Santa Barbara; the Maryknoll Fathers and Brothers to support Father Kevin Conroy’s ministry with AIDS-infected children in Cambodia; the Order of Marians to build and support a church and rectory in Rwanda; the Catholic Church in the Congo to build an orphanage for the survivors of the violence in that country; and, his alma maters, Washington University Law School in St. Louis, Mo. and Cleveland State University in Cleveland, Ohio.

Mr. Puzder has six children and six grandchildren. Mr. Puzder and Dee live in Franklin, Tenn.

The Reagan Ranch Center
217 State Street
Santa Barbara, California 93101