Restaurateur Danny Meyer Wants to Make Voting Cool
*By Carlo Versano*
Danny Meyer is known as a visionary in the restaurant business, but his latest moonshot has nothing to do with food ー he wants to make voting cool.
"You want it to be cool to vote and not cool to not vote," he told Cheddar in an interview a day ahead of the election, comparing casting a ballot to the act of quitting smoking. Whereas the cool kids all used to smoke, he noted, now it's the opposite: nonsmokers are the cool ones.
Meyer is executing his vision by giving all 2,500 employees of his Union Square Hospitality Group restaurant empire three hours of paid time off Tuesday to go to the polls.
New York state required employers give registered voters two hours paid time to vote (with some provisions). Meyer said he's going a step further and telling his employees to vote when and how it is convenient for them. "You don't have to prove it to us."
In considering ways to "make a statement" about how seriously his company was taking this civic responsibility, Meyer said he considered closing all his restaurants for lunch Tuesday ー but that would have taken money out of his workers' pockets. This initiative won't affect any paychecks or staffing.
"We wanted to take away whatever obstacles there may be," Meyer said.
Meyer coined the term "enlightened hospitality" to define a workplace culture that prizes both customer service and corporate responsibility. "I want our employees to be great civic citizens as well," he said. His voting initiative is part of that business strategy, which has served him well ー from his early days as owner of the popular Union Square Cafe in New York to founding Shake Shack and running some of the hottest restaurants in the Big Apple for three decades.
Getting out the vote in the hospitality industry, with its younger-skewing employees, long shifts, and hourly wages, is particularly difficult, Meyer said.
But until there's the "political will" to modernize our arcane voting processes, Meyer said it will be up to business leaders to create the template for change ー that starts by making sure employees don't lose money by exercising their civic duty. But then, he said, it's up to them.
"You don't have a right to complain unless you vote."
For full interview [click here](https://cheddar.com/videos/how-union-square-hospitality-group-ceo-danny-meyer-is-getting-his-employees-to-the-polls).
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
A rare magnum of Dom Pérignon Vintage 1961 champagne that was specially produced for the 1981 wedding of Prince Charles and Lady Diana has failed to sell during an auction. Danish auction house Bruun Rasmussen handled the bidding Thursday. The auction's house website lists the bottle as not sold. It was expected to fetch up to around $93,000. It is one of 12 bottles made to celebrate the royal wedding. Little was revealed about the seller. The auction house says the bids did not receive the desired minimum price.
The New York Times and President Donald Trump are fighting again. The news outlet said Wednesday it won't be deterred by Trump's “false and inflammatory language” from writing about the 79-year-old president's health. The Times has done a handful of stories on that topic recently, including an opinion column that said Trump is “starting to give President Joe Biden vibes.” In a Truth Social post, Trump said it might be treasonous for outlets like the Times to do “FAKE” reports about his health and "we should do something about it.” The Republican president already has a pending lawsuit against the newspaper for its past reports on his finances.
OpenAI has appointed Slack CEO Denise Dresser as its first chief of revenue. Dresser will oversee global revenue strategy and help businesses integrate AI into daily operations. OpenAI CEO Sam Altman recently emphasized improving ChatGPT, which now has over 800 million weekly users. Despite its success, OpenAI faces competition from companies like Google and concerns about profitability. The company earns money from premium ChatGPT subscriptions but hasn't ventured into advertising. Altman had recently announced delays in developing new products like AI agents and a personal assistant.
President Donald Trump says he will allow Nvidia to sell its H200 computer chip used in the development of artificial intelligence to “approved customers” in China. Trump said Monday on his social media site that he had informed China’s leader Xi Jinping and “President Xi responded positively!” There had been concerns about allowing advanced computer chips into China as it could help them to compete against the U.S. in building out AI capabilities. But there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.