business news in context, analysis with attitude

• The Atlanta Journal-Constitution reports that Truett Cathy, the founder of fast feeder Chick-fil-A, has stepped down from his role as chairman, and is being succeeded by his son, Dan Cathy. Truett Cathy, 92, will remain with the company as chairman emeritus while focusing on other projects, such as Truett's Luau, a new concept the company is testing.

The company described the move as part of a long-planned succession plan.


• Priceline Group announced that Darren Huston, who runs the company's hotel reservation business, has been named CEO of the entire company. He succeeds Jeffery Boyd, who has been CEO since 2002 and who will remain with the company as chairman.
KC's View: