Lawyer Is ‘Subway King’

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Posted Jul 7, 2008, 12:27 pm CDT
By Debra Cassens Weiss

A lawyer who formerly was assistant minority counsel to the House Banking Committee now has an empire of more than 1,000 Subway sandwich shops.

The Washington Post describes the lawyer, Larry Feldman, as “the Subway King of the mid-Atlantic.” Subway president Fred DeLuca was a college buddy of Feldman’s, and he tells the Post the lawyer is "the largest and most successful development agent in the Subway company." Development agents find franchisees to open Subway shops.

Feldman told the newspaper he started his first Subway shop close to the U.S. Capitol while he was still working for the Banking Committee.

"I was always a frustrated entrepreneur,” he said. “And congressional food is not very good, as you can imagine. In the morning, I would be at hearings, whispering in congressmen's ears. Then at lunch, I would run across the street, put on my apron, and stand behind the counter. These lobbyists who were at the hearings would look at me and say, 'You look very familiar.' Then I would take off my apron and run back across the street and continue the hearings."

He now owns rights to Subway territories in Washington, D.C., Maryland, Delaware and Virginia.

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