CEO of Red Lobster was the CEO of PF Chang's. Breh is only 35.

[Fiji Water]

What is nikkas obsession with hairlines on here?

And I ask this as a bald nikka?

Why do nikkas on here be stressing bout hairlines?

On here???

every nikka I know will tell you where you grew up, salary, and dating preferences based on your hairline.

 

[I love Latina women]

Because a lot of us just want to hold on to our hairline as long as possible before we got to come on home

Where’s the pride in living a long life and getting older though?

Losing your hair isn’t the end of the world

Shave ya shyt once you get the receding hairline and keep it moving

 

[I love Latina women]

On here???

every nikka I know will tell you where you grew up, salary, and dating preferences based on your hairline.

Jesus Christ, y’all are ridiculous


Women don’t obsessed this much about their hair!

 

[MeachTheMonster]

Looked into dudes story a bit.

Great example of black excellence.

But also they keep throwing dude into the fire. No other experienced CEO would take these jobs.

Rooting for his success, and hopefully he can move to a not so trash CEO position after this

 

[iceberg_is_on_fire]

Wtt

 

[Apollo Creed]

Looked into dudes story a bit.

Great example of black excellence.

But also they keep throwing dude into the fire. No other experienced CEO would take these jobs.

Rooting for his success, and hopefully he can move to a not so trash CEO position after this

He's taking High Risk High Reward type roles which is how he got to be CEO in his 30s, if he can turn around any of these companies he is set for life pretty much

 

[acri1]

Seems like a smart breh, I wish him the best. Hopefully things go well.

Makes me wonder what I'm doing with my life though

 

[OneManGang]

How private equity rolled Red Lobster

When a private-equity firm bought the iconic seafood chain in 2014, it sold the real estate under the restaurants for $1.5 billion. Then the restaurants struggled to pay the rents.

www.nbcnews.com

Look deep into a lot of these companies that have been shuttering their doors over the past few years and they all have similar theme in common.

Can you explain like I’m 5 for me?

 

[IsThatBrothaMouzone?]

salute to the breh.

 

[Manolo]

Can you explain like I’m 5 for me?

Imagine if your favorite Red Lobster closed, and you’re upset. It turns out, some people who own lots of money bought Red Lobster, took its buildings, and then made Red Lobster pay them rent to use those buildings. This made Red Lobster have less money, and eventually, it couldn’t stay open in some places. So, it had to close stores and even made some people lose their jobs, all because of the way the owners wanted to make more money.

 

[Thavoiceofthevoiceless]

Imagine if your favorite Red Lobster closed, and you’re upset. It turns out, some people who own lots of money bought Red Lobster, took its buildings, and then made Red Lobster pay them rent to use those buildings. This made Red Lobster have less money, and eventually, it couldn’t stay open in some places. So, it had to close stores and even made some people lose their jobs, all because of the way the owners wanted to make more money.

You answered it as I was typing lol.

They keep blaming the endless shrimp promotion, while also leaving out the important detail that the private equity firm owned the shrimp supplier and were essentially forcing them to buy it from them and only them.

 

[OneManGang]

Imagine if your favorite Red Lobster closed, and you’re upset. It turns out, some people who own lots of money bought Red Lobster, took its buildings, and then made Red Lobster pay them rent to use those buildings. This made Red Lobster have less money, and eventually, it couldn’t stay open in some places. So, it had to close stores and even made some people lose their jobs, all because of the way the owners wanted to make more money.

I got this much, but where’d the money go that makes them then have to pay rent on their properties?

Ok so someone buys my house, I keep the money, but then I pay them rent that’s unfair? Why did I sell in the first place? Was it bc I had crippling debts they cleared? But I’d have to know I’d essentially be homeless after the sale right

 

[Thavoiceofthevoiceless]

I got this much, but where’d the money go that makes them then have to pay rent on their properties?

Ok so someone buys my house, I keep the money, but then I pay them rent that’s unfair? Why did I sell in the first place? Was it bc I had crippling debts they cleared? But I’d have to know I’d essentially be homeless after the sale right

The private equity firms are trying to make back what they put into the purchase and more, so they're going to bleed the company dry in the process.

It's why you see a lot of those companies that end up getting bought private equity firms eventually go out of business.

 

[Vandelay]

I remember him when he ran PF Chang's. Reminds me of my homie who used to work in private equity.

 

[OneManGang]

The private equity firms are trying to make back what they put into the purchase and more, so they're going to bleed the company dry in the process.

It's why you see a lot of those companies that end up getting bought private equity firms eventually go out of business.

So it’s essentially a deal with the devil. Why make the deal?