ABSTRACT

Boston Chicken (BCI) impetus is on the one hand provide customers with an alternative to existing fast food choices and on the other offers a way to have a meal close in quality they could have at home without doing it themselves. It began in 1985 with marinated chicken roasted in brick fired ovens accompanied by a choice of side dishes, such as mashed potatoes, vegetables, and corn bread. People organized an investment group, acquired Boston Chicken which had grown to thirty-four stores by the time they gained control and followed Beck's notion of fast, good, cheap as their growth strategy. The attractiveness of Boston Chicken's organizational model combined with Stephens's creativity in raising funds, created market expectations that excited the investors. But the combination of initial public offering (IPO), glowing public offering documents and structure that conceal Financed Area Developers (FAD) financial reports from public view has corrupted the people inside the Support Center.