Denny s Shareholders Revolt After Top Exec Concedes $15 Minimum Wage Won t Hurt Business
By Julia Rock, The Daily Poster
On 5/5/21 at 12:55 PM EDT
Citing a
Newsweek report, Denny s shareholders are demanding that the restaurant chain end its membership in the National Restaurant Association, halt all lobbying efforts against legislation to eliminate a subminimum wage for tipped workers, and start paying all its workers at least a full minimum wage.
In a letter sent to Denny s CEO John Miller, shareholders wrote that the Association s lobbying campaign against legislation to end the subminimum wage for tipped workers runs contrary to the interests of the company s investors, citing reporting in
ABC News
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Biden delivers remarks on $28.6B restaurant relief fund
The Restaurant Revitalization Fund, which was established as part of the COVID-19 relief package, will offer grants up to $10 million to restaurants, bars, food trucks and other eateries.Jonathan Ernst/Reuters
More than 186,000 restaurants flooded the federal government with applications for money in the first two days of a program set up to ameliorate the impact of the coronavirus pandemic, the White House said Wednesday.
President Joe Biden touted the high interest in the Restaurant Revitalization Fund, launched on Monday as part of the $1.9 trillion COVID-19 relief package he signed into law nearly two months ago, as an industry group warned the fund s popularity could cause it to quickly exhaust its $28.6 billion in funding.
The National Restaurant Association estimates that from March 2020 through April of this year 110,000 restaurants have closed either permanently or long-term.