Ex-Lehman Brothers trader turned restaurateur fails

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October 24, 2015- The Post has a story about the stunning fall of a once thriving restaurant group run by celebrity chef John Deluci and his shady business partner, Sean Lorgotta, a former Lehman Brothers trader. The article claims that Lorgotta engaged in shady deals that caused the restaurants to fail.

Hmm. Let’s think about this. Is there any other fast growing restaurant group, doing too many deals while they cannot run their current stores, that is also managed by a former Wall Street banker?

Running a fine dining establishment requires creativity, attention to detail, hard work, and a willingness to be paid on low margins. Every single one of those traits is antithetical to the greedy, lazy, uncreative people who go into finance (I was one). No Wall Street reject should ever be allowed to run a restaurant.

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