Museum of Human Achievement
"...The Schlotzsky's saga continues former CEO John Wooley, who was ousted from the once-successful, now broke Austin-based sandwich chain in June, sent a letter on Aug. 10 to current company board chairman, Gary Cadenhead, requesting that the board of directors immediately convene its annual shareholders meeting and suspend its bankruptcy proceedings..."
"...On the morning of June 17, John Wooley peered out the window of an empty conference room at Schlotzsky's Inc. headquarters and was suddenly struck by a grave but certain premonition that he would be fired by lunchtime...."
"...I attended the council meeting and observed at least three or four comments in favor of the street remaining open. Second, your article noted that John Wooley, "downtown developer and land owner," was that one person interested in Riverside Drive remaining open..."
"...For Coats, who was hired as Schlotzsky's chief executive in June to try to save the sinking sandwich chain, the sale represents the end of a busy six-month assignment that the company's directors handed him moments after they fired ex-CEO John Wooley and brother Jeff Wooley, who was a senior vice-president. Coats, a former airline executive, looked happy to be passing the torch to the new owners, who have until Dec..."
"...They had just made a fortune off the Rob Roy residential development in West Austin and, with a little money to burn, followed up on a banker friend's suggestion to pursue the little sandwich chain. The partners, Gary Bradley and brothers John and Jeff Wooley, were turned down at first, but a year later, in 1981, the Dissmans accepted just under $3 million for the 100-store company..."
"...Newly appointed chief executive Sam Coats and the company's board of directors favor trimming the fat, restructuring the debt, and selling the company perhaps returning it to its private roots. Ousted chief executive John Wooley, on the other hand, says he has a debt-to-equity conversion plan that would pay off the creditors and restore shareholders' faith in what would remain a public company..."
"...photograph by Jana Birchum Of course, were it that simple, it wouldn't require anything as grand as an Initiative. This idea is not new with Watson, or even with Schlotzky's impresario John Wooley, Dallas' Post/West (the former Columbus Realty), or the developers of the planned Austin Marketplace on Sixth & Lamar, all among the city's possible downtown dance partners..."
"...3 bankruptcy filing. Before a consensus was reached Tuesday, Austin attorney Joe Martinec, representing John and Jeff Wooley, the brothers who ran the company for 23 years before their surprise ouster in June, told the court that his clients' main objection was that "Trinity comes with an iron curtain."..."
"...He was rich, handsome, daring -- and he always got the girl. John Wooley, the CEO of Schlotzsky's and Bradley's former partner in the West Austin Rob Roy development, told Cartwright, "He had a James Dean image..."
"...The company's fired CEO John Wooley, who remains Schlotzsky's largest shareholder, has been predicting such an outcome since the company filed for bankruptcy Aug. 3, when its shares were worth $7.3 million..."
"...The 12 hotels in Austin's Central Business District suffered an almost 14% loss of business over the same period. But developer Hixon Properties -- whose previous projects include the Westin on San Antonio's Riverwalk -- is extremely well financed, says John Wooley of Third & Colorado LP, the partnership that owns the property at Third and Colorado streets that Hixon seeks..."
"...1981: John and Jeff Wooley and Gary Bradley pay less than $3 million for Schlotzsky's, then with 100 franchise stores and $18 million in sales...."
"...No funz for BUNZ: The board of Schlotzsky's, battered by months of financial turmoil for the troubled Austin-based fast-food chain, finally succumbed and fired longtime CEO John Wooley and his right-hand man/brother Jeff. The new CEO is former Continental Airlines exec David Coats; the board is now led by UT business professor Gary Cadenhead and former state Comptroller John Sharp..."
"...Who: AMLI/Wooley mixed use..."
"..."We hope to soon have a strong financial owner or owners that will enable us to grow again, provide jobs for our employees, and better serve our franchisees essentially, to have a new lease on life," said CEO Sam Coats. It's likely that neither ousted CEO John Wooley nor unsecured creditors and shareholders will receive any proceeds from the sale..."
"...The deadline for finalizing the sale is Dec. 31 but not if fired CEO John Wooley is able to stop the train before then..."
"...The normal bidding process to acquire city land is not required under lease conditions, according to Assistant City Manager Jim Smith, who oversees all downtown issues. Apparently, the council jumped on the coattails of development plans already in progress between entrepreneur John Wooley, who owns an entire block across the street from city property, and AMLI..."
"...This is the second time in the past decade that Schlotzsky's owner John Wooley has entered into ventures with nationally known artisan bakers in an effort to create an upper echelon of bakery-cafes within the Schlotzsky's brand. In the mid-Nineties Schlotzsky's formed a joint venture with Dan Leader, founder of the Bread Alone Bakery in upstate New York, and opened a handful of Schlotzsky's Bread Alone stores, including the flagship training facility here in Austin..."
"...Longtime Austin restaurateurs John Thorsen and John Wooley are back in business at this charming South Austin location, just up the hill from "Restaurant Row." The permit and inspection delays that caused the opening to be rescheduled several times are all behind them now; the restaurant opened quietly the last week of September. Skyline Grill features a menu of Texas regional cuisine, with an emphasis on herb-flavored or marinated items that have been smoked in a special gourmet grill/smoker developed by Wooley, using various fruit woods for fuel...."
"...Toomey Frost has since moved to San Antonio, and Longoria notes that this time the complaints were anonymous. He says that he has rented a parking facility from former Schlotzsky's CEO John Wooley, and he's optimistic that this arrangement will solve his problem..."