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brush

(60,762 posts)

12. Paul Kenny, Red Lobster's CEO at the time made the stupid decision to keep "endless shrimp" on the menu...

Reply to exboyfil (Original post)

Wed May 22, 2024, 10:54 AM

May 2024

permanently instead of on the intended "limited time" basis. No company could sustain that policy in a nation where so many people over eat for sport.

Seems a stupid CEO is the blame for Red Lobster's bankruptcy. IMO they should rake back whatever golden parachute package he got when he left the company he destroyed with his stupidity.

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RubyRose markpkessinger

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Red Lobster bankruptcy driven by corporate owner forcing it to source its seafood? [View all] exboyfil May 2024 OP

Who cares why? It was a horrid place. The food was jimfields33 May 2024 #1

Apparently not in the arid midwest.... getagrip_already May 2024 #2

The reason for closure is not enough people going. They know it's not tasty. jimfields33 May 2024 #11

Sounds more like they over ran their food budget getagrip_already May 2024 #13

Yeah. It definitely would be better if they didn't take on debt. jimfields33 May 2024 #14

Agree Completely ProfessorGAC May 2024 #24

was it shrimp or shrump? debm55 May 2024 #21

As being in the Midwest, we did/do love our seafood. But like you said, the diners are few and far between, and SWBTATTReg May 2024 #28

The Midwest could have it's own locally grown fish, shrimp, and "lobster." hunter May 2024 #30

Well atreides1 May 2024 #4

Yep exboyfil May 2024 #8

I don't know if it is still there but there was a Joe's RubyRose May 2024 #18

Link doesn't work, it goes to a 'change your password' page Celerity May 2024 #3

Thanks. exboyfil May 2024 #7

yw Celerity May 2024 #15

Hey Red Lobster, the ocean called... Prairie Gates May 2024 #5

There's always Olive Garden Voltaire2 May 2024 #6

Vampire private equity firms buy struggling corporations and suck all the life out of them. hunter May 2024 #9

Sorry about that exboyfil May 2024 #10

Unfortunately, companies often can't get funding elsewhere. They turn to PE like some Silent Type May 2024 #26

Paul Kenny, Red Lobster's CEO at the time made the stupid decision to keep "endless shrimp" on the menu... brush May 2024 #12

That always burns me up. Bad CEOs get rewarded RubyRose May 2024 #19

Yes, the workers always get screwed while the screw up big wigs get rewarded. brush May 2024 #22

''Tis no man, 'Tis a remorseless eating machine! Argggg Hassin Bin Sober May 2024 #27

At one time baseball was America's past time. Stuffing oneself might have replaced it. brush May 2024 #29

They will all... 2naSalit May 2024 #16

Red Lobster started dying when it was sold in 2014 to a private equity firm. Bonx May 2024 #17

Poor decisions plus private equity vultures "enshittification" EleanorR May 2024 #20

Private Equity/Vulture...er ah...Venture Capitalists firms sell off/hollow out the company's assets... brush May 2024 #23

You do all know tavernier May 2024 #25

Wholesale shrimp is four bucks a pound if you purchase it by the ton jmowreader May 2024 #31

Lobster is becoming LESS popular as more people get tired of seeing live animals in the tank... WarGamer May 2024 #32