This would never have happened if Mr. Eugene H. Krabs was in charge of Red Lobster.
From Joe Bob’s Week in Review:
Edna Morris was booted as president of the Red Lobster
restaurant chain after her all-you-eat crab dinner promotion
triggered a sell-off of shares and wiped out $405.9 million of
stock value in one trading session. The dinner was priced at
$22.99, but so many people went back for third and fourth
helpings, and wholesale crab prices rocketed up so quickly, that
the company had to write off $3.3 million for the first quarter.
Customers still searching for the “Endless Crab Dinner” will be
told by their waiter, “You’ll love our fish sticks!”
Twenty years later, Red Lobster still shudders at the thought of its all-you-can-eat snow crab legs disaster