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Old 09-07-2005, 12:29 PM  
Hollywood Horwitz
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Join Date: Dec 2003
Location: Hollywood
Posts: 4,357
Quote:
Originally Posted by scoreman
In 2003 Red Lobster ran the all u can eat crab leg deal. It was $20. Six months go by and the earnings for Darden Restaurants (the mother ship who also runs Olive Garden and like 4 other chains), come out and their numbers are way down. All fingers point towards an 8 figure loss the Red Lobster division lost because they misjudged how much people would eat. The CFO of Red Lobster or maybe it was the CEO, I cant remember, was shortly thereafter fired because of this promotion gone awry.

With folks trying to down 300+ shrimp its no wonder.
kinda similar sitch, the ceo of blockbuster was let go for doing the "no more late fees" deal...they realized they made millions on fines but it was too late..
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