The reason why:https://i.kym-cdn.com/photos/images/original/002/798/148/eef.jpg
Companies refusing to pay their employees leads to bad employees.
Shocking.
A fund bought the company, sold off all the land Red Lobster restaurants are located on, leased the land back to Red Lobster, and jacked the rent. Just so you know what is really going on here.
Sorry can someone explain how that reason works or makes any sense. Im not sure if Im an idiot or really tiredI think it's that the hedge fund that acquired Red Lobster had Red Lobster sell all of its land (to the hedge fund) then the hedge fund leased it back to Red Lobster (so that the restaurants could, y'know, continue operating where they were) but then jacked up the rent Red Lobster had to pay to use the land that the hedge fund now owned.
I think it's that the hedge fund that acquired Red Lobster had Red Lobster sell all of its land (to the hedge fund) then the hedge fund leased it back to Red Lobster (so that the restaurants could, y'know, continue operating where they were) but then jacked up the rent Red Lobster had to pay to use the land that the hedge fund now owned.
aka they basically bought Red Lobster and then intentionally drained all the money out of them with this, walking away with the money but forcing Red Lobster to declare bankruptcy.
https://www.cnn.com/2024/05/20/investing/red-lobster-restaurants-bankruptcy/index.htmlWho gives a shit, the restaurant sucks - and the prices are insane. Their Lobster Bisque was so bad - like your name is Red Lobster - Lobster Bisque should be your BREAD AND BUTTER.
The reason why:
https://x.com/intent/like?tweet_id=1792541353760473595
Thanks again, hedge funds
but they own red lobsterbankruptcy is magical (if you're rich) (and it's not student debt)
they bought red lobster. Made red lobster (which they now own) sell all their land to themselves (what?) and then made red lobster (which they own) pay higher rent to.themselves?
im so confused
this would maybe make sense if I wasnt running on 4 hrs of sleep
bankruptcy is magical (if you're rich) (and it's not student debt)
run red lobster into debt by putting them into debt to yourself then have them declare bankruptcy and all that red just goes away leaving you with the bag
i'm oversimplifying but yeah
My "who gives a shit" was at the X poster in the OP whining about the Hedge Fund jacking up rent.
Red Lobster was a bad product. Bad products die in a Capitalist society.
Who gives a shit, the restaurant sucks - and the prices are insane. Their Lobster Bisque was so bad - like your name is Red Lobster - Lobster Bisque should be your BREAD AND BUTTER.
Instead, it tasted like microwaved Campbells soup with some little pieces of Lobster sinew put in.
Who the fuck......
Anyways, the people who give a shit are probably all the people losing their jobs.
Because the idea isn't to run Red Lobster as a successful business in the long term - they just want to drain as much money from the company as possible, then move on the the next one. Same thing happened to Toys R Us.
when a corporation buys another business they don't automatically become perfectly and totally integrated. The hedge fund wanted the assets of the company and this way was more legal or legitimate then directly robbing it blind
User Info: VFrench1933Dude, you have been here 19 years. Ninteen years. Your account can vote.
Novice User
User Since: Feb 2024
Karma: 37
Who the fuck......Damn i went through the exact same thought processes as you.
Anyways, the people who give a shit are probably all the people losing their jobs.
Basically extracting all the value out of Red Lobster and discarding it once it's empty.Probably used one of those little metal pick things
Dude, you have been here 19 years. Ninteen years. Your account can vote.
I really don't think some 40 year old bald dude needs to be talking trash.
Dude, you have been here 19 years. Ninteen years. Your account can vote.Ahahaha you are gonna get so bullied here
I really don't think some 40 year old bald dude needs to be talking trash.
Is there a particular reason we're picking on this French guy?Extremely failed vibe check
Ahahaha you are gonna get so bullied here
If you're gonna post shit opinions, do it on your main account
Anything else is cowardice
Dude, I am THIRTY FIVE years old. I have been on the Internet since I was a kid - the old AOL chat rooms and shit where people would ask a/s/l and then say sexual weird stuff.Bro your AOL account could rent a car.
You're not gonna bully me. I assure you, you would have to go against the TOS to offend me
I was gonna bitch about possibly losing my Endless Shrimp but uh...da fuck yall doin
Me being 35 is why I HAVE TO talk shit. I'm old and my life has passed me by, and people listen to Taylor Swift and Doja Cat and weird-ass music and I once was "with it" but now I don't know what "it" is.idk man i think 35 is pretty solidly within the taylor swift demographic. maybe you were never with it.
I assure you, you would have to go against the TOS to offend meI assure you, you would have to jump on this trampoline to convince me you're flying.
My "who gives a shit" was at the X poster in the OP whining about the Hedge Fund jacking up rent.
Red Lobster was a bad product. Bad products die in a Capitalist society.
It's time to die. Hopefully Olive Garden is the next to go. $20 for some fake-ass Lasagna...