the people here were also very good, knew the business, wanted to do a good job, and essentially were con- trained by a situation where the own- ership of the company wasn't interest- ed in growing it, and that's why he [Taubman] sold the company. It is not a criticism, but he was putting his _oney into shopping centers and Sotheby's, and this was not an invest- nent vehicle for him. "The people around here were operating with one hand tied behind heir back, but they're good people. So I inherited as an organizational base a terrific group of people too. Often when a company gets acquired, the new owners come in and clean house. 4Ahere was not a person in this compa- 2-y who, after I bought the company, was fired. "Some people left because they chose to leave for one reason or anoth- _r, but we didn't let one person go," ;aid Feltenstein, who doubled the cor- jorate staff to 85. Feltenstein has brought in experi- nced fast-food industry professionals ike George Goulson, now A&W's rice president of development. ,oulson held a similar position at Little Caesar's, and is widely credited ith playing a key role in their suc- ess. It is his stated goal to put an 8cV,/ in "every nook and cranny." Hired as A&W's vice president of Tcesign and construction was Carmine ✓ ontone, who designed the Fox '-'heater marquee and the food plaza at Piger Stadium. Montone created a ew look for A&W with lots of art eco-like chrome, stainless steel and heckerboard-patterned tile. The com- any calls it "contemporized nostal- ,, ia. A&W was among the first merican fast-food companies to fran- Ilse overseas. "We've been in Ialaysia now for well in excess of 30 ;ars," said Feltenstein. And their sian presence includes Okinawa and pan too. To head the international vision, Feltenstein transferred Kevin azner from Kuala Lumpur in [alaysia to Livonia. A&W has ?ened stores in Beijing, China, and is plans for Seoul, South Korea, DTpt and Brunei. Feltenstein adds, Kie are actively prospecting in Latin d South America. That is a big pri- ity for us." A&W had already been operating Mexico, and has signed a develop- ent agreement in Oman and opened tore in Dubai, both in the United Ask us about global roaming, commercial satellite and Internet g video telephony conferencing. Call now for a FREE Consultation. A Division of SpeedNeL Inc. \ — w Speedlink is a proud sponsor of the 1998 JCC Maccabi Games FREE Municipal Bonds Listing Receive Weekly Report &twirls &Sons, Inc Earn higher yields! MONEY MARKET 4.75°1°, BERKLEY • (248) 546-2590 BIRMINGHAM • (248) 646-8787 CLAWSON • (248) 435-2840 COMMERCE TWP. • (248) 669-3993 * ROCHESTER • (248) 656-5760 SOUTHFIELD • (248) 948-8799 TROY • (248) 649-3883 * WEST BLOOMFIELD • (248) 855-6644 * NEW LOCATIONS IN COMMERCE TWP. & TROY Sterling bank &trust We Create Solutions() LENDER Annual percentage yield accurate as of 7/28/97 and are subject to change without notice. Money Market: $2500 minimum balance required to open account and must be maintained for stated APY. Balances below $2500 earn 2.75%. Fees may reduce earnings if minimum balance is not maintained. © 1997 Sterling Bank & Trust FSB. IS YOUR FINANCIAL HOUSE IN ORDER? To find out, call JOEL LEVI, CFP TRISH WELLMAN, CFP (248) 559-6980 E FIZZ next page EUROPEAN COLLECTIONS WEST BLOOMFIELD (248) 626-3362 SOUTHFIELD (248) 559-7818 17117 WEST 9 MILE ROAD • SOUTHFIELD, MI 48075 PHASE FOUR ADVISORY, REGISTERED INVESTMENT ADVISOR Securities offered through Vestal- Securities Corporation, Member NASD & SIPC 1931 Georgetown, Hudson, OH 44236-• (216) 650-1660 9/12 1997 149