% | $
Quotes you view appear here for quick access.

Darden Restaurants, Inc. Message Board

  • spots151 spots151 Feb 20, 2011 12:25 PM Flag

    Huge Cost Savings for Darden...

    Was wondering if this has been factored into the stock price.

    I work for Red Lobster. They had their quartely server meeting yesterday (Saturday Morning 2/19/11) and announced their new "Tip-Sharing" program.

    All bartenders at Darden Restaurants, which i imagine is quite a lot, will now have their hourly pay reduced to minimum wage. The difference between what they were making and the new minimum wage Darden is paying them will now be made up by a Tip-Sharing program that is funded guessed it..the servers.

    Darden is now paying all of their bartenders at minimum wage...which has to save them A LOT of money and the difference is being paid by the servers on a 1% of all sales tip out program.

    I might be quitting as a server soon because I think they are abusing their employees, mainly the servers, just a bit more and more all in order to save a buck and of course raise their stock price.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
61.56+0.43(+0.70%)Jul 29 4:07 PMEDT