[tomatotomato37]

Chick-Fla-A is a private company (and forced to be so in the founder's will), so they have no shareholder obligation to pursue growth at all costs. They'll probably just shrug it off and concentrate on domestic expansion.

[scarface74]

Can a founder really "force" all of the owners not to go public after he dies? Who is going to force them?

[solotronics]

I wonder if the company was set up in some legal framework like a trust and therefore it would not be up to the current managers to make certain changes.

[scarface74]

Just found this.

https://www.entrepreneur.com/article/311452

They can’t go public but they are allowed to sell their ownership. So there is nothing stopping them from creating a shell company, “selling to it” and taking it public or “selling” to a smaller already public company.

[CodeWriter23]

The executor of the estate.