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

[RennisDeynolds]

Vampire capitalists... I mean, private equity firms use a strategy called "asset-stripping" that destroys the companies they acquire. In 2014, Golden Gate Capital bought Red Lobster and sold off its valuable assets, which included the land that their 500 restaurant locations was built on. They made a cool $1.5 billion. You know how much was invested back into Red Lobster? None. Instead, the money went to the firm, resulting in another burden on Red Lobster. They now had to pay rent on the properties they once owned, which added hundreds of millions to their yearly expenses. Golden Gate Capital then sells off their remaining stake in Red Lobster, making out like fat cats, and destroying another company in the process.

I'm not sure how that private equity shyt ever became legal bc it never made sense

 

[Apollo Creed]

Dont sleep on the golden parachutes for CEOs



Also he'd probably get stuck in the pack at the funds or big banks due to politics. Instead He's running multiple companies as CEO before 40 now.

Dude resume is crazy at his age

Yeah, there are still a ton of these one off obscure companies out there that he will pretty much get 10-15 yrs of calls to run and stack his bread and like I said he he turns any around he pretty much is set for life as he can just sell that story lol. I assume dude isn't married, because he is taking a high risk path that can be stressful.

 

[Windows 91]

They keep using that wack ass excuse of "endless shrimp" being the demise of Red Lobster instead of keeping it real about what really happened and how it's been doing other companies out here as well

You see it. Private Equity parted that business out like a car at a chop shop.

 

[BigMoneyGrip]

Bout to get them cheddar biscuits on deck.. now I got a reason to go back to red lobster, gotta support black folk running shyt

 

[TEH]

CEO is on a completely different level though, so we're not going to sit here and pretend like you can easily get it if you have a degree.

The story is specifically about a CEO who went to Harvard Business School and connections helped him get there.

To reach high-level positions like CEO, having a solid education is often crucial. He put in the effort to get there and landed his first job out of college, which required a degree. There are plenty of roles along the way that can help you advance, but most of them typically have strict educational requirements.

 

[Paper Boi]

good for him

hope he isnt another one of those sociopath CEOs

 

[O.T.I.S.]

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.

Yeah there was a whole thread on this somewhere

Even Flavor Flav was thrown in the mix somehow. Wild story, but they were doing it to multiple businesses.