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Busy Execs now dining at McDonalds

moshquerade

moshquerade

No Lifer
Anyone here who gets meal reimbursements from their employer been told to cut the costs?


UNHAPPY MEAL
EXECS NOW DINING AT MCDONALD'S
Posted: 1:56 am
January 28, 2009

Forget about French wines and fois gras - the hottest spots in town are serving up fries, fountain drinks and Filet-o-Fish sandwiches.

The recession has driven droves of penny-pinching execs out of their preferred pricey eateries and into the bolted-down seats of McDonald's.

Even notoriously picky New Yorkers who hobnob at Michelin-rated restaurants and wouldn't even use the bathroom at an Applebee's are seeing the benefits of the "Dollar Menu."

"You've got to save when you can," said a resigned John Castellaneta, 55, an executive who works in lower Manhattan.

"I've got two kids in college."

He'd rather be eating filet mignon, but yesterday for lunch, he had a Mickey D's Quarter Pounder and fries.

"I try to do it once a week. It's cheap and it's easy," he said.

In the Financial District, Wall Streeters have developed an appetite not only for McDonald's hamburgers, they're gobbling up its stock, as well.

McDonalds net income increased a whopping 80 percent from 2007 to 2008 - and its shares rose 11.22 percent from January 2008 to January 2009, while the rest of the market tanked.

"You hear all the news going on [about the economy], and you want to save money. This is good value," said lunchgoer Mark Drapala, 29, a sales-account exec who works near Astor Place. He said he used to hit Mickey D's only about once a month, but he has stepped up his lunches there to save money.

"I get the Number 2 meal for $5.45. I don't Super-Size it," he said.

His other lunch haunts, which include a deli near his office and a falafel place, cost more than that, he said.

Sandy Horowitz, a Wall Street recruiter, said he, too, hits McDonald's for serious savings. "In the past, when times are good, I'd be eating out [in a restaurant]," said the Queens resident.

He's saving by ordering off the Dollar Menu or clipping coupons for the fast-food joint.

People like Horowitz are doing their part to add to McDonald's bottom line.

On Monday, the chain surprised industry observers by announcing an unexpectedly strong fourth-quarter performance.

Although it reported a 23 percent drop in earnings from the same quarter in 2007, the year before included a huge one-off tax gain - and in 2008, the company significantly increased its daily customers and boasted a 7.2 percent increase in global same-store sales, fueled by a 5 percent increase in the United States.

"They're performing pretty much head and shoulders over any other restaurant," said Sarah Lockyer of Nation's Restaurant News, a trade magazine. "People who haven't been there for ages are going back."

She said the eateries' sudden appeal is due to their value meals.

"You can get a huge breakfast and a cup of coffee for, like, $3. People have traded down from Starbucks and these higher-end coffee shops," Lockyer said.
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http://www.nypost.com/seven/01...nhappy_meal_152342.htm
 
"You can get a huge breakfast and a cup of coffee for, like, $3. People have traded down from Starbucks and these higher-end coffee shops," Lockyer said.
Click to expand...

Well, this makes sense. I never understood people wasting $5 on coffee every morning.
 
Originally posted by: erub
Originally posted by: CRXican
gross
Click to expand...

whats wrong with McD? Their burgers are often healthier than mid-range places like Chili's. Oh wait, I'm feeding the troll.
Click to expand...

McD's breakfast is where its at. The only problem is they use some egg like substance that gives me gas something fierce. I could probably power a small aircraft for half a day after I eat breakfast there.
 
Originally posted by: NSFW
Originally posted by: erub
Originally posted by: CRXican
gross
Click to expand...

whats wrong with McD? Their burgers are often healthier than mid-range places like Chili's. Oh wait, I'm feeding the troll.
Click to expand...

McD's breakfast is where its at. The only problem is they use some egg like substance that gives me gas something fierce. I could probably power a small aircraft for half a day after I eat breakfast there.
Click to expand...

A half day? More like 5 minutes later. McD's breakfast = instant bathroom problems for me.

I recently snarfed up 2 big macs for $4 though.
 
I will never eat McDonald again. Last time i eaten at McDonald was 5 years ago and got food poisoning after eating there.
 
I've been eating McDonalds after work on weekends, so about twice a week. I am trying to gain weight after all =]

McDonalds has alot of commodity buying power, so as commodity prices go crazy, McDonalds can still negotiate good contracts.
 
Originally posted by: looker001
I will never eat McDonald again. Last time i eaten at McDonald was 5 years ago and got food poisoning after eating there.
Click to expand...

Clearly all McDonald's locations the world over are bacteria-ridden filth holes.
 
I'd kill for McD's right now, this whole healthy thing sucks (though, of course, it's more than balanced out by the weight loss)
 
Originally posted by: nakedfrog
Originally posted by: looker001
I will never eat McDonald again. Last time i eaten at McDonald was 5 years ago and got food poisoning after eating there.
Click to expand...

Clearly all McDonald's locations the world over are bacteria-ridden filth holes.
Click to expand...

My wife had that opinion about Waffle House. Then I opened her up to a world of goodness. To bad none exist in Illinois 🙁
 
I don't know where the Wall Street guy in the story went but the McDonalds near wall street has marble everything, a grand piano, and refuse to do the Dollar Menu. If you aren't getting the dollar menu, then it's not a deal IMO. I got an angus combo for like $8. It sucked and I could have gotten something half decent at a spanish restaurant or chinese (real chinese) place. Way too many cheap food options in NYC to make an $8 McD's combo sound appealing. Also the Wendy's dollar menu owns McDonalds or burger king.
 
Pretty sad that McD's (and other unhealthy fast food joints) continue to be so much cheaper than the healthy options, like sandwiches and salads.

People should be looking at other methods for saving money that aren't so detrimental to their health.
 
Originally posted by: InflatableBuddha
Pretty sad that McD's (and other unhealthy fast food joints) continue to be so much cheaper than the healthy options, like sandwiches and salads.

People should be looking at other methods for saving money that aren't so detrimental to their health.
Click to expand...

Well thats the thing. I try to eat cheap. Healthy foods have hardly any calories. I need to gain weight, not lose it. I try to eat something for calories and something for nutrition, like a salad and a burger, if that makes any sense.

I guess as an aside, Applebees has some pretty good grilled chicken breast salads.
 
Originally posted by: InflatableBuddha
Pretty sad that McD's (and other unhealthy fast food joints) continue to be so much cheaper than the healthy options, like sandwiches and salads.

People should be looking at other methods for saving money that aren't so detrimental to their health.
Click to expand...

People are going to do what they want and eating McD's doesn't automatically make you fat, it's the lack of physical activity.
 
Originally posted by: NSFW

McD's breakfast is where its at. The only problem is they use some egg like substance that gives me gas something fierce. I could probably power a small aircraft for half a day after I eat breakfast there.
Click to expand...

Say Wha?

I worked at McD's for years, and I can tell you that with the mcmuffin's, you take a whole egg and crack is into a cyclinder to cook it. No egg-like stuff there, just egg.

Now, the bagels with the perfectly folded perfectly yellow egg, I can't vouch for!

 
Originally posted by: TallBill
Originally posted by: nakedfrog
Originally posted by: looker001
I will never eat McDonald again. Last time i eaten at McDonald was 5 years ago and got food poisoning after eating there.
Click to expand...

Clearly all McDonald's locations the world over are bacteria-ridden filth holes.
Click to expand...

My wife had that opinion about Waffle House. Then I opened her up to a world of goodness. To bad none exist in Illinois 🙁
Click to expand...

I know the feeling, I have to drive a bit over two hours to the south to visit one.
 
Originally posted by: TallBill
"You can get a huge breakfast and a cup of coffee for, like, $3. People have traded down from Starbucks and these higher-end coffee shops," Lockyer said.
Click to expand...

Well, this makes sense. I never understood people wasting $5 on coffee every morning.
Click to expand...

SERIOUSLY for the last freaking time, a cup of coffee at starbucks is NOT $5.

Also, I have been eating McD's more.
 
Originally posted by: amddude
Originally posted by: TallBill
"You can get a huge breakfast and a cup of coffee for, like, $3. People have traded down from Starbucks and these higher-end coffee shops," Lockyer said.
Click to expand...

Well, this makes sense. I never understood people wasting $5 on coffee every morning.
Click to expand...

SERIOUSLY for the last freaking time, a cup of coffee at starbucks is NOT $5.

Also, I have been eating McD's more.
Click to expand...

Nobody that I know of orders a coffee. They go there, order some fancy shit, and spend $4-5 a business day on coffee drinks. SERIOUSLY.
 
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