This news has emerged in several media, which is in itself curious regarding the payment method, the elasticity/price calculation and a new consumer culture.
As explained in the article, Smith & Wollensky, a restaurant chain that claims to be the cathedral of steak, has just patented an original system to satisfy the bill of its New York customers, which can be paid with stocks or securities. This was proclaimed in a full-page advertisement published this week in the business section of "The New York Times," which has sparked ambivalent reactions on Wall Street.
They affirm that the theory is clear, executives are paid less in cash and more in shares.
Allan Stillman (one of the founders of the restaurant) stated that the cash drought among executives was a drama, not only for the hospitality industry but also for the service sector.
The reality is that at the moment no one has paid in shares although the idea is original.
As Anna Grau expressed on ABC, today steaks for shares, tomorrow, breakfasts for diamonds?
