From the restaurant to the boardroom: Ian Vaughn has been named as chief operating officer of Raising Cane’s chicken fingers. Vaughn, who got his start with Cane’s more than seven years ago as a shift manager in Baton Rouge, has held several management jobs with the company, including director of new store openings and senior vice president of operations. Vaughn, who is filling a post that has been vacant since 2007, will work out of Cane’s Plano, Texas, office.
Cash for grads: Spending on gifts for high school and college graduates is expected to drop this year, according to a report from the National Retail Federation. Americans are expected to spend an average of $88 on gifts for two graduates, down from $100 in 2008. At the same time, cash gifts are becoming more popular, with 59% planning to give envelopes of money to graduates, compared with 57% last year. Twenty-nine percent will give gift cards to graduates, compared with 32% in 2008.
