T he P ortland O bserver • A pril 24, 1996
AFC Announces Stock Sales
A tlanta-based A m erica’s F avor­
ite Chicken Com pany (A FC), the
p are n t co m p an y o f P o p ey es
C hicken & Biscuits and C hurchs
Chicken, announced today it w ould
sell a m ajority interest in the co m ­
pany to an affiliate o f the Los A n ­
g eles-b ased investm ent firm o f
Freem an Spogli & Co. Incorpo­
rated.
T he effort to raise additional
capital was led by m anagem ent and
is supported by the C anadian Im p e­
rial Bank o f C om m erce and all o f
the other principal shareholders.
Proceeds from the equity infusion
will be used for debt repaym ent and
capital im provem ents.
“T h is p u rc h a se sig n ific a n tly
deleverages the com pany and p ro ­
vides us with a strategic investm ent
partner that has the capacity to ac­
celerate our com p an y ’s strategic
initiatives and developm ent,” said
Frank Belatti, chairm an and C E O
o f AFC. “W e will now concentrate
on new opportunities in the m arket­
place to be the Franchsior O f Choice
o f a portfolio o f high-value brands.”
As part o f the transaction, and
affiliate o f PEN M A N Partners, a
private C hicago-based investm ent
firm, will also becom e a shareholder
o f A FC by m aking an equity invest­
ment in the com pany.
R e p re s e n ta tiv e s o f F re e m a n
Spogli and PEN M A N Partners will
jo in the Board o f D irectors together
w ith m e m b e rs o f m a n a g e m e n t.
B elatti will co n tin u e to serve as
Board chairm an as well as ch ief e x ­
ecutive officer o f the com pany.
“ A m e ric a ’s F a v o rite C h ick e n
C om pany m anages tw o o f the fastest
grow ing chains in the quick-service
restaurant industry,” said John Roth,
general partner. Freem an Spogli &
Co. "W e have been w orking with the
m anagem ent o f A FC for the past
year and a half and we have a great
deal o f confidence in Frank Belatti
and the entire m anagem ent team.
W e w ere very im pressed with the
business perform ance o f the co m ­
pany, and are excited about the plans
for continued grow th in the future.”
A c c o rd in g to in d u s try s p e c ia l­
ists, B e la tti, w h o h as b ee n c h a ir ­
m an and C E O o f A m e r ic a ’s F a ­
v o rite C h ic k e n sin c e its in c e p ­
tio n in 1992, is c o n s id e r e d an
e x p e rt at d e v e lo p in g p a rtn e rs h ip s
w ith f r a n c h is e e s a n d tu r n in g
f ra n c h is o r c o m p a n ie s in to s u c ­
c e s s fu l, p ro fita b le o rg a n iz a tio n s .
H e w as p art o f s u c c e s s fu l tu r n ­
a r o u n d e f f o r t s a t A r b y ’s an d
H o s p ita lity F r a n c h is e s y s te m s
p rio r to a s s u m in g c o n tro l o f A F C
in 1992.
U nder B e la tti's leadership, A FC
has added m ore than 600 restau ­
rants, a grow th rate o f better than
25 percent per y ear and co m m it­
m ents for future dev elo p m en t have
m ore than tripled to o ver 1,300
since 1993.
A m e ric a ’s F a v o rite C h ic k e n
C om pany, the w o rld 's second-larg­
est, q u ick -serv ice ch ick en com
pany, has m ore than 2 ,250 Popeyes
an d C h u rc h s re sta u ra n ts w orld
wide. O ne o f the top ten largest
food service o p erato rs o f resta u ­
rants o utside the U nited S tates,
A F C ’s 1995 system sales w ere $1.4
billion. A FC plans to open o ver
200 restaurants in 1996.
Popeyes C hicken & B iscuits spe­
cializes in New O rleans-style spicy
and m ildly-seasoned fired ch ick en ,
red beans & rice, C ajun rice and
seafood item s. F ounded in 1972,
P opeyes C hicken & B iscuits o p e r­
ates nearly 1,000 lo catio n s in the
U.S. and 14 co u n tries w orldw ide
with 1995 system sales o f m ore
than $710 m illion.
Known foriLssouthem-sty lechicken,
Churchs Chicken also serves southern
specialties including coleslaw, okra,
mashed potatoes, com on the cobb and
honey butter biscuits. Founded in 1952
in San Antonio, Churchs Chicken has
approximately 1,250 locations in 26
states and six countries worldwide.
Churchs' 1995 system sales were more
than $737 million.
Eight Questions To Ask Your Boss:
Leading People Reveals A nsw ers
from A m erica’s T op Bosses
How w ould you define your ideal
boss? A ccording to the new book
“Leading People,
Transform ing B usiness From the
Inside O ut” (V iking, March 1996),
author Robert R osen presents the
eight most im portant characteristics
for a boss to have and the questions
to ask today to determ ine w hether
your boss truly m easures up against
the very best:
1. Vision: D oes your boss explain
how your jo b fits into the big picture?
2. Trust: Is your boss open about
him or herself and the financials o f
the business?
3. Participation: Does your boss
share inform ation and decision-m ak­
ing and hold you accountable for
your actions?
4. Learning: Does your boss m ake
it safe for you to m ake a m istake, to
take risks and to learn?
5. Diversity: D oes your boss ac­
know ledge and m obilize peo p le’s
differences and create a culture o f
respect?
6. Creativity: D oes your boss fos­
ter a w orkplace that brings out your
best creativity?
7. Integrity: D oes your boss pro­
m ote fairness and practice good eth ­
ics?
8. Com m unity: Does your boss
prom ote a sense o f com m unity and
social responsibility?
Does he or she have what it takes
to unleash the com petence, creativ­
ity and com m itm ent o f people? D oes
he or she dem onstrate the kinds o f
leadership that result in healthy, prof­
itable organizations? All too often,
people feel anger tow ard their bosses
because there is a disconnect be-
YOU
ARE TOE
MISSING PIECE!
tw een what m ost business and politi­
cal leaders say and w hat they do.
W hen leaders consistently fail to
deliver on their prom ises, the result
is rising levels o f cynicism , mistrust
and resentm ent.
Som e leaders look at all this cyni­
cism and m istrust and see opportu­
nity. Take a look at the thirty-six
bosses discussed in L eading People.
They include the perform ances turned
in by the leaders o f ServiceM aster
outside o f C hicago, Just D esserts in
San Francisco, and the O regon S ym ­
phony in Portland.
It is leaders like A lan M ulally,
vice president and general m anager
o f B oeing’s 777 D ivision, who are
practicing w hat they preach. M ulally
was able to get 7,000 people in over
a dozen countries, w orking in 238
separate design team s to com e to­
gether and build an entirely new plane
in just four years. W hy is he succeed­
ing when others are failing? M ulally
brought his people into the leader­
ship process, sharing his vision with
them so they becam e full partici-
pants and succeeded in achieving
their goal.
In L eading P eople, Dr R obert
Rosen presents a blueprint for the
kind o f leadership that results in
h ealthy, p ro fitab le o rg an iz atio n s.
A ccording to Rosen, A m ericans are
hungry for new leaders; leaders with
vision and character w ho guide their
organizations to health and superior
perform ance. T hey know that their
business depends on building p o si­
tive relationships with their people
better than their com petitors. T hese
leaders also know that their success
depends on treating their em ployees
as assets, not costs, creating an e n v i­
ronm ent that brings out the best in
people.
( i be ^ jJ n v tk u iìì
( O b s tr u e r
Call 503-288-0033
SPECIALIZING IN YOUR LEGAL NEEDS
Landlord / Tenant
Small Business Law
Product Liability
Criminal Defense
Collections
Call Daniel E. Russell at 282-7999
for your free initial consultation.
r
Dr. P h y llis L ee, D ire c to r o f
Multicultural Affairs for Oregon State
University, will be the featured key­
note luncheon speaker at the Oregon
Association ofM inority Entrepreneurs,
entrepreneurs conference and trade
show on May 2, 1996. More then 600
small business owners, com m unity
leaders and government officials are
expected to take part in the May 2nd *
event at the Oregon Convention C en­
ter. This years conference is being
sponsored by U.S. W est C om m unica­
tions, Pacific Power and M cDonalds.
Sam Brooks, President and Chair
on in c lu s iv e n e s s , d iv e rs ity an d
m ulticulturalism .
“W e are honored to have a profes­
sional o f Dr. L ee’s caliber in die State
o f O regon” Brooks said “She will help
us all understand why inclusiveness
and diversity is not only desirable but
essential."
In addition to the luncheon with
Dr. Lee, T he O A M E conference will
hold a forum im m ediately follow ing
entitled “ D oes discrim ination still
exist? A lo o k a tth e C ity o fP o rtla n d ’s
Regional D isparity study w ith a par­
ticular focus on so lu tio n s.O A M E is
not fo r p ro fit o rg a n iz a tio n fo rm e d
to p ro m o te a n d d e v e lo p e n t r e ­
p r e n e u rs h ip a n d e c o n o m ic d e v e l­
o p m e n t fo r e th n ic m in o r itie s in
th e S ta te o f O re g o n .
O A M E fu n c tio n s as a p a r t­
n e rs h ip b e tw e e n e th n ic m in o r i­
tie s , e n tr e p r e n e u r s , e d u c a tio n ,
g o v e rn m e n t an d e s ta b lis h e d b u s i­
n e s se s. O A M E m a n a g e s a 4 0 ,0 0 0
sf. b u s in e s s in c u b a to r a n d se rv e s
as a c c e s s to o v e r 4 5 0 m u lti- e th ­
n ic b u s in e s s e s s ta te w id e .
T ra d e S h o w an d C o n f e r e n c e
r e g is tr a tio n s a re still a v a ila b le .
F o r m o re in fo rm a tio n c a ll, (5 0 3 )
2 4 9 -7 7 4 4 .
Association Sponsors Forum
B u s in e s s o w n e r in N o r th -
N o rth e a st P o rtla n d h av e th e o p ­
p o rtu n ity to h e a r C ity C o u n c il
c a n d id a te s e x p re s s th e ir v ie w s at
the next N o rth -N o r th e a s t B u s i­
ness a s so c ia tio n lu n c h e o n fo ru m .
T he lu n c h e o n w ill be h eld on
A p ril 30 at th e O A M E (O re g o n
A sso c ia tio n o f M in o rity E n tr e ­
p re n e u rs) C a s c a d e P la z a B u ild ­
ing, 4 1 3 4 N. V a n c o u v e r, fro m
11:30 a.m . to I p .m . T h e c o s t is
$13 p e r p e rso n .
I h ere are th re e c a n d id a te s v y ­
ing fo r th e se a t b ein g v a c a te d by
C o m m is s io n e r M ik e L in b e r g .
T h e y are A tto rn e y Jim F ra n c e s ­
c o n i, S ta te R e p re s e n ta tiv e G ail
S h ib le y , and E rik S te n , an a s s is ­
t a n t to C i t y C o m m i s s i o n e r
G re tc h e n K afo ry .
T h is is a c h a n c e to m e e t the
c a n d id a te s , h e a r th e ir o p in io n s
an d ask th em q u e s tio n .
A ll a re e n c o u ra g e d to a tte n d
an d le arn a b o u t the c a n d id a te s
an d be in fo rm e d a b o u t th e iss u e s
im p a c tin g th e g ro w th an d d e v e l­
o p m e n t in o u r b u s in e s s c o m m u ­
n ity .
T h e N o rth -N o rth e a s t B u s in e ss
A s s o c ia tio n is an a s s o c ia tio n o f
b u s in e s s e s d e d ic a te d to im p ro v ­
in g the b u s in e s s c o m m u n ity .
T h e N o rth -N o r th e a s t B u s in e s s
A s s o c ia tio n is an a s s o c ia tio n o f
b u s in e s s e s d e d ic a te d to im p r o v ­
ing b u s in e s s o p p o r tu n itie s an d
c re a tin g jo b s to e n h a n c e th e q u a l­
ity o f life fo r th e N o rth -N o r th ­
e a s t c o m m u n ity .
M e m b e r s h ip is o p e n to an y
b u s in e s s lo c a te d in N o rth o r
N o rth e a s t P o rtla n d .
T h o se in te r e s te d in a tte n d in g
th e lu n c h e o n o r o b ta in in g m e m ­
b e rs h ip in f o rm a tio n c a n c a ll th e
A s s o c ia tio n o f fic e at 2 8 4 -3 0 9 3 .
CAREER OPPORTUNITIES
IN APPRENTICESHIP
Are you interested in a FUTURE in the Piping Trades?
Law Offices of Daniel E. Russell, P.C.
Kcal Estate
Wills & Trusts
Medical Malpractice
Accidents-Personal Injuries
Divorce & Family Law
Dr. Phyllis L e e
ot the Board o f OAM E, says this year ’ s
theme o f “Oregonians United for Busi­
ness Success” is the third year o f a
seven year program focusing on dif­
ferent ethnic groups; 1994 Hispanic,
1996 African-American, 1997 Nat i ve-
American,and 19 9 8 European-Ameri­
can. In 1999 a joint presentation will
be made and in the year 2000 the
Oregon Association o f Minority E n­
trepreneurs will culminate in a name
change to "The Oregon Association o f
Entrepreneurs."
"W hat the Oregon Association o f
Minority Entrepreneurs is doing to
bring Oregon diverse business com ­
munities together at this is huge in light
Brooks.
The O A M E conference and trade
show is an opportunity for diverse
groups to connect and network.
Dr. L ee has a long history o f teach­
ing and consulting in the area o f
diversity and m ulti-ethnic inclusive­
ness. Dr. Lee hold a B achelor o f
Science in E lem entary E ducation
from W estern O regon State C ollege,
M asterof Science in Counseling from
Portland State U niversity and a D oc­
torate in C ounseling from Oregon
State U niversity. Dr. Lee has made
m ajor presentations to corporations
Advertise In
CHOICES
•
•
•
•
•
Featured Speaker At OAME
Patrick Manning, Barber
Owner and Operator of:
U.A Local 290 will be accepting applications for
plumber and steamfltter apprentices.
WHEN:
MONDAY, JUNE 3 THROUGH FRIDAY, JUNE 14, 1996
WHERE.
Apprenticeship & Training Division
Oregon Bureau of Labor
800 N.E. Oregon, Suite 1105
Portland, Oregon 97232
Phone: 731-4072, Ext. 261
Monday-Friday 8:00 a .m .-l 2:00 p.m.; 1:00-5:00 p.m.
REQUIREMENTS:
Must provide relidble proof by non-returnable copies of birth certificate
or divers license; high school transcript or GED certificate.
y
AGE:
Must be at least 18 years of age.
Help put the puzzle together—
become a shelter parent.
W e o ffe r fin a n c ia l support, tra in ­
ing and 2 4-h o u r backup Team w o rk is
our lop priority. W ith all the pieces
together, help in g youth doesn't seem
quite so p u zzlin g W on 't you add your
piece 9
Call: 222-9661
The Boys and Girls Aid Society o f Oregon
OPEN 7 DAYS A WEEK
1611 NE KILLINGS WOR TH
PORTLAND, OREGON
(503) 281-4706
Adults: $8.00, Seniors & Children: $6.00
l 1611
u l l NE
IN M .L .K ing Blvd. Portland, Oregon
1
$ ^ . 0 0 OFF
I
YOUR NEXT
HAIRCUT
a tr i
I ADULTS: VI M SENIORS A CHILDREN: SEMI I
1--------------------------------------------------- 1
EDUCATION:
Must be a high school or GED graduate.
NOTICE OF NON-DISCRIMINATORY POLICY AS TO STUDENTS
The United Association Local 290 Apprenticeship and Journeyman Training Trust
Fund admits students of any race, color, national and ethnic origin to all rights,
privileges, programs and activities generally accorded or made available to
apprentices at the school. It does not discriminate on the basis of race, color,
national and ethnic origin in administration of its apprenticeship policies, admission
policies and other Trust-administered programs.
Matt Walters. Business Manager