The President of the IHOP corporation started off as a waitress in one of the restaurants
“DineEquity (NYSE: DIN) is a United States company that both franchises and operates restaurants. Headquartered in Glendale, California, the company was founded originally as IHOP (International House Of Pancakes) and changed its corporate identity after it acquired Applebee’s. On July 16, 2007, IHOP Corp. announced its intent to acquire the bar-and-grill chain Applebee’s International, Inc. in an all-cash transaction, valued at approximately US$2.1 billion. Under the deal, IHOP paid $25.50 per share for Applebee’s. IHOP stated it would franchise most of Applebee’s 500 company-owned stores. Applebee’s has 1,943 restaurants overall worldwide, including those operated by franchisees.
Julia Stewart, who originally worked as a waitress at IHOP and worked her way up through the restaurant industry, became Chief Executive Officer of IHOP Corp. She had previously been President of Applebee’s, but left after being overlooked for that company’s CEO position. She became CEO of IHOP in 2001, and returned to manage her old company due to the acquisition”