Will Bankers Really Trade Stock For Food?
Whether or not it results in a lot of free steaks it's a neat publicity turn for the steakhouse. The witty ad took a tone of faux concern cataloging the effect of bankers receiving shares instead of cash bonuses. The ad bemoans steak and lobster left uneaten and promises they'll even take GM stock (although at less than a dollar a share, be prepared to bring quite a few shares). Although Smith & Wollensky has restaurants around the U.S.the offer is only available at the New York restaurant on Third Avenue. Smith & Wollensky has said it will accept certificates for any New York Stock Exchange or Nasdaq-listed stock. The restaurant is where Warren Buffett holds his annual auctioned-off lunch. I wonder if this is how he's planning to pay.