Posted on 09/12/2014 8:26:26 AM PDT by C19fan
Olive Garden is hurting itself by piling on too many breadsticks, according to an investor that's disputing how the restaurant chain is run.
In a nearly 300-page critique, the hedge fund Starboard Value says Olive Garden restaurants lack training and discipline and that servers bring too many breadsticks to tables at a time. That leads to waste — and cold breadsticks, Starboard says.
(Excerpt) Read more at bigstory.ap.org ...
“go bag” (New,pleasant politically corect name for the Doggy Bag?)LOL!
Workers Unite!
Death to the running-dog profit takers!
“If I was to set out solely to make money then I’d probably stop using real butter and hand-picked berries for my pastries...”
What you are doing, economically, is maximizing your profit margin by creating a premium product.
You are doing this unconsciously, but that is the reality.
Seriously, you should read both Milton Friedman and Frederick Hayek.
They’ll learn you up real good on economics.
I'm still learning the Bible but I understand economics just fine: If I make a crap product no one will buy it and I will soon find something else to do with my time.
If Olive Garden starts cutting back on the products that are their hallmark then customers will start cutting back on Olive Garden. Profits be damned, you can't force people buy a substandard product in a competitive marketplace.
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Thanks for the tip! I've always ordered the Shrimp Scampi without even knowing what the Scampi was!
"I've been living in a fool's paradise."
When Olive Garden banned the AMERICAN FLAG in their dining establishment, they lost the family dining experience many enjoyed there. If these astute business men have no clue, they have the bucks to go buy a few. Though the soup and salad was not a bad deal...they fell short on a number of dishes. Alabama....you should be ashamed if these ‘folks’ are still in business.
A friend used to refuse to get homefries at the firehouse breakfasts for that very reason. Potatoes get in the way of eating 4lbs of bacon.
I love the salad the most...could eat two bowls of it....
mediocre wings and a confusing menu and measly servings. and not cheap.....
and then there is the noise.
in privately held companies, the company can do whatever it wants...like that idiot in Seattle giving the cleaning staff in his company the same wage as the engineers and accountants..(70thou).
the big problem today is not the stockholders...its the greedy corporate boards who dictate how much they'll pull in and the hell with the company, its workers and all the stockholders...
Do you consider KFC a quality restaurant? When I eat at Olive Garden I know what I'm getting. OK Italian food at an OK price. We have expensive Italian "quality" restaurants which I occasionally partake. You get what you pay for.
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