Michael Snyder, the chief executive of Red Robin Gourmet Burgers Inc., resigned after an internal investigation concluded that he misused charter airplanes and corporate expense accounts. According to Forbes.com, the company said the investigation identified various expenses by Snyder that were inconsistent with company policies or "lacked sufficient documentation." Snyder has agreed to reimburse the company for some of the expenses. Dennis Mullen has been named the new chairman and CEO of the Colorado-based burger chain.
Posted by franchiselawblog at August 16, 2005 02:44 PM