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Four Seasons Restaurant is Closing. Is the Power Lunch Dead?
CNN ^ | June 8, 2019 | Jackie Wattles

Posted on 06/08/2019 7:18:19 PM PDT by Cecily

The famed Four Seasons Restaurant in New York, which for decades was a go-to spot for power brokers to hobnob over lunch, will shut its doors on Tuesday. The 60-year-old upscale dining spot hasn't been able to hold onto its clientele, Four Seasons managing partner Alex von Bidder told CNN Business on Saturday, and its investors "lacked the confidence to fund it for another year or six months." He confirmed earlier reports in the New York Post and The New York Times that the restaurant will close indefinitely after lunchtime on Tuesday. Forty years ago, The Four Seasons became known as a go-to destination for Wall Streeters, publishers, movie producers and other executives who would hash out business deals amid the lavish decor and seasonal dishes. A 1979 article in Esquire magazine used the term "power lunch" to describe the midday meetings; the phrase and its association with the Four Seasons stuck around for decades.

The restaurant, however, lost its home at the Seagram Building on Manhattan's Park Avenue when its lease expired in 2016.

(Excerpt) Read more at cnn.com ...


TOPICS: Business/Economy; Food; Society
KEYWORDS: minimumwage; minimumwages
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Maybe they "power lunch" differently these days.
1 posted on 06/08/2019 7:18:19 PM PDT by Cecily
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To: Cecily

Pretty sure we here in fly-over country paid a fair share of the $36.00 tuna sandwiches. Wall-Streeters ate these on their expense accounts and wrote them off their taxes, right up until the crunch. Then we bailed them out.

I’m not bitter, but I am tired of it.

MAGA


2 posted on 06/08/2019 7:23:15 PM PDT by oldplayer
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To: oldplayer

OK, I’m Wall Street but I really enjoyed this restaurant!


3 posted on 06/08/2019 7:27:17 PM PDT by BunnySlippers (I Love Bull Markets!)
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To: Cecily
Maybe they "power lunch" differently these days.

CHICK-FIL-A?


4 posted on 06/08/2019 7:29:23 PM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord. - Psalm 33:12)
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To: Cecily

It’s true, Location, Location, Location!


5 posted on 06/08/2019 7:30:55 PM PDT by Bommer (Help 2ndDivisionVet - https://www.gofundme.com/mvc.php?route=category&term=married-recent-ampute)
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To: Cecily

Grub Hub and Skype is the new power lunch.


6 posted on 06/08/2019 7:31:46 PM PDT by peggybac (Government is about force. It always has been about force.)
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To: Cecily
Power lunch when America was still America:

Power lunch today:


7 posted on 06/08/2019 7:31:47 PM PDT by Bonemaker (invictus maneo)
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To: oldplayer

“I’m not bitter, but I am tired of it.”

Agree entirely. NYC ‘wealth’ includes a lot of money made off the efforts and money of others.


8 posted on 06/08/2019 7:35:47 PM PDT by neverevergiveup
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To: Bonemaker

Liberals ruin everything.


9 posted on 06/08/2019 7:37:02 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Bonemaker
I worked in mid town Manhattan 1974 - 82. We used to “drink” our lunch on pay day and had a nice lunch. It was the tail end of the "Mad Men" era

Then the young tight asses put the screws to coming back to the office hammered (about 1985). And the new feminists said we were being exclusionary (hell, we'd invite the ladies along)

The difference? We made money in the 2 martini days.

As the Japanese “salary men” say - you don't know somebody until you've been drunk together (in other words, team building)

10 posted on 06/08/2019 7:39:52 PM PDT by llevrok (Vote, while it is still legal!)
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To: stars & stripes forever

Chick Fil A

It is statistically IMPOSSIBLE for that crowd around the block that I’ve seen to be made of less than 65 percent democrat. :)

Dems outnumber Rs in the city now by almost 6 to 1.

But just like a number of us here use Amazon, dems make exceptions also.

It’s a superior product and when you’re stomach is rumbling, a restaurant’s stance on gay marriage doesn’t matter much!


11 posted on 06/08/2019 7:40:06 PM PDT by dp0622 (The Left should know if Trump is kicked out of office, it is WAR!)
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To: BunnySlippers

I’m glad you enjoyed it, but I don’t think I could ever enjoy a tuna sandwich for $36.


12 posted on 06/08/2019 7:40:21 PM PDT by libertylover (Democrats hated Lincoln too.)
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To: Cecily

Wonder how much NYS’s past, current, and future minimum wage hikes had to do with this....


13 posted on 06/08/2019 7:40:58 PM PDT by mewzilla (Break out the mustard seeds.)
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To: llevrok
As the Japanese “salary men” say - you don't know somebody until you've been drunk together (in other words, team building)

Almost every KDrama I've watched features scenes of employees going out, getting drunk and singing Karaoke.

14 posted on 06/08/2019 7:41:02 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: libertylover

At least it kept the riff-raff out.


15 posted on 06/08/2019 7:41:35 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Cecily
The restaurant, however, lost its home at the Seagram Building on Manhattan's Park Avenue when its lease expired in 2016.

I guess they wouldn't pay a higher rent so they moved, hmmm.

16 posted on 06/08/2019 7:42:21 PM PDT by libertylover (Democrats hated Lincoln too.)
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To: stars & stripes forever

Now you’re talking.


17 posted on 06/08/2019 7:47:58 PM PDT by onedoug
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To: Bonemaker
Those are the skimpiest martinis I've ever seen.

And even worse, they're probably vodka.

18 posted on 06/08/2019 7:55:26 PM PDT by semimojo
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To: llevrok
The last time I had alcohol at a business lunch was in 1986 so your timetable seems pretty accurate. Yes, it was right around then that all the corporate memos went out prohibiting alcohol during business hours for any reason whatsoever. The "Mad Men" era came to an abrupt end.

Here's some trivia for you. As we got into the 1990s, corporate America started prohibiting any expense reimbursement for alcoholic beverages even if you took a client for dinner - after business hours.

That's about when restaurants started giving you two receipts if you paid by credit card. One receipt listed out all the menu items you ordered (including drinks) and the other receipt only listed the total amount charged - without any itemization. The latter was the receipt you turned in with your expenses and corporate would be none the wiser as they processed the expense. So long as alcohol was not listed on the receipt, you would get reimbursed.

19 posted on 06/08/2019 7:58:43 PM PDT by SamAdams76
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To: Cecily

$15.00 - $25.00 minimum wages killed them?


20 posted on 06/08/2019 8:00:15 PM PDT by RetiredTexasVet (Start using cash and checks or the elite class and bankers will make "cashless" the norm.)
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