A restaurant in Manhattan’s Wall Street area is reacting to the financial sector’s agony by slashing prices to lure bankers and traders who have been reining in their spending after steep losses.
Marcus Olson, chef and manager of the “Bull Run” which serves contemporary American cuisine in New York’s financial district, says in the last week and a half the restaurant has cut the price of a steak by $2 to $7.
“This restaurant goes up and down like the stock market,” said Olson. “And especially with this Bear Stearns news last week, we’re really feeling it.”
Since the financial market’s woes began last year, sales are down about 30 percent, he said.
Apart from cutting prices Olson said he has introduced a happy hour, since financiers in the current environment need all the happiness they can get.
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