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The fishy death of Red Lobster

businessinsider.com

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Re: The fishy death of Red Lobster

#391

Post by DiggyJohnson »

ink_13 wrote: post #218
DiggyJohnson wrote: post #157

Earlier quoted context omitted.

You're responding as if the person you're replying to wasn't asking a question, but stating a fact. Do you know about the details or even a general outline of the considerations that went into this decision?

Bluntly, they're irrelevant. Selling off the real estate is a short-term books-juicer that's tantamount to pillaging the contingency fund. Classic corporate raider move.

It seems fine to me if the other outcome was an earlier and less-efficient bankruptcy and liquidation.

Re: The fishy death of Red Lobster

#392

Post by RestlessMind »

genocidicbunny wrote: post #361
RestlessMind wrote: post #355

Earlier quoted context omitted.

In case it helps you, I find the following products / services have improved their quality and offering in the past decade: TVs: I get a much nicer TV now for the same amount what I paid for a crappier one in 2012 Smartphones: very powerful and do a lot of things better (eg. camera, connectivity) Entertainment: Netflix, HBO, Hulu, Prime, ... you can pick 1-2 of those, binge all you want and then rotate. Costs Travel…

Sorry, I don't think that helps at all. If anything, it comes across with a "You should skip the avocado toast" energy. The vast majority of these things are not all that important to most people, not like prices of groceries, household goods, clothing, energy, childcare costs, transport costs..etc. I don't care that cars have nicer features now, if buying a new car is most of my annual wages pre-tax. I don't care th…

> The vast majority of these things are not all that important to most people

Hmm I don't think you and I share the same definitions of "most people" then, or "important" for that matter. Just to give 2 examples:

>85% of US adult population uses smartphone. The way smartphone revolution has occurred and the big role they play in our lives (entertainment, communication, public services, finances) in just 15-16 years since its invention is truly astonishing.

>90% US households have a car. ~40K Americans die every year in car road accidents. Improving car safety is literally a matter of life and death and numbers prove[1] that we are doing better over time.

[1] https://injuryfacts.nsc.org/motor-vehicle/historical-fatalit...

Re: The fishy death of Red Lobster

#393

Post by neom »

I went to red lobster in Toronto yesterday as a "lets save red lobster Canada" idea I had in my head, they came to Canada the year I was born and my dad was obsessed so I have a lot of nostalgia.

Came out thinking: let em burn.

Worse than mediocre rubber for $200 after tip and tax.

Re: The fishy death of Red Lobster

#394

Post by hnthrowaway0328 »

neom wrote: post #393

I went to red lobster in Toronto yesterday as a "lets save red lobster Canada" idea I had in my head, they came to Canada the year I was born and my dad was obsessed so I have a lot of nostalgia. Came out thinking: let em burn. Worse than mediocre rubber for $200 after tip and tax.

Is it the same sh* like Tim Hortons? RIP then...

Re: The fishy death of Red Lobster

#398

Post by johngladtj »

I'm continually amazed by how much outrage normal and perfectly reasonable business strategies generate in the general public.

None of this is unusual or in any way wrong. Red lobster (and olive garden) were mismanaged, and the investment funds were right about that.

Their attempts at salvaging the situation were perfectly reasonable, even if they were ultimately unsuccessful.

You're welcome to be outraged, but that doesn't mean there was anything untoward happening here.

Re: The fishy death of Red Lobster

#399

Post by polotics »

neom wrote: post #393

I went to red lobster in Toronto yesterday as a "lets save red lobster Canada" idea I had in my head, they came to Canada the year I was born and my dad was obsessed so I have a lot of nostalgia. Came out thinking: let em burn. Worse than mediocre rubber for $200 after tip and tax.

Did you read the article? In there you will find the explanation of why you had a costly low-quality experience. Maybe this will clarify who the "'em" is.

(It's not anyone you saw at the restaurant...)

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