Five Guys CEO on why the company hasn't gone public

@bloombergbusiness

1.1M followers · usually 7.7K views a post

Views

87.2K

Likes

2.1K

Comments

124

Shares

64

Why it worked

The video features a prominent business leader discussing a well-known brand's strategic decisions, offering insights into business operations and family involvement. This content appeals to a business-minded audience interested in entrepreneurship and company growth.

Summary

The CEO of Five Guys discusses why the company has remained a privately held business rather than going public. He explains that the company was built by his family and many relatives are involved, who wish to keep it that way.

Structure

1Question about going public
2CEO explains family involvement
3Many relatives work for the company
4Family wants to keep it private
5CEO had little direct involvement in building the company
6The company continues to operate as a family business

Product placement

Five Guys (company)

On-screen text

Five Guys CEO on why the company hasn't gone public Romaine Bostick Bloomberg News Jerry Murrell Five Guys Co-Founder and CEO

Original caption

Five Guys Co-Founder and CEO Jerry Murrell says that the family has no plans to sell the company or take it public. #business #investing #IPO #food #burgers

More from @bloombergbusiness

Their other posts in the index, biggest breakout first.

Transcript

Have you thought about maybe going public or or is the idea to keep this company uh as a closely held uh closely held business? We look at all the options. We we we you know we get a lot of offers to go public and and and and to sell the business and uh I got to remember that we've got probably 30, not 30, but close to 20 family members working in our business. grandkids and kids and wives and we got a whole lot of relatives that like five guys want us to keep it. Five guys was built uh by my first three older sons, being Jenny and and and Jenny. Jenny and the first three boys built five guys. Um, I had very little to do with it. I never cooked a hamburger. I mean they did all the work. Um, and whatever decisions they made, we went along with them and it's still that way. So Um, I think they're all having fun and they want to keep doing it.