Everything Danny Meyer said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Meyer: Staff are judged 51% on hospitality and prioritized over customers
“It's 49 parts performance and 51 parts hospitality, and that's what you are going to be judged on, that's how you're gonna get paid, that's how you're gonna get your bonus, and guess what, guys? In this business, the customer is going to come second. And by th…”
Danny Meyer: USHG ranks investors fifth behind employees, guests, community, and suppliers
“The third stakeholder that gets hospitality is the community in which we do business. And the fourth are the suppliers with whom we do business. And fifth, we're actually going to put our investors fifth.”
Meyer: Shake Shack Succeeded by Bringing Fine Dining Talent to Fast Food
“And I think that is partially why Shake Shack has succeeded is that it's a fine dining version of a fast food restaurant. I call the category fine casual because I don't know too many situations where you've had a mashup of all these people who started Shake S…”
Shake Shack was the first public company to return its PPP loan
“Within 36 hours of understanding the government had run out of money, the company and its board made the decision to return it, and it was the first of any public company to do so, and that actually began a cascade of, What I'm told is well, well north of two …”
Danny Meyer argues leaders must delegate 20% of their work to grow.
“Invariably, 20% of the things I'm doing are things that someone else on our team could do as well or better than I do it. And every time I do that, it's an act of generosity because someone else gets to grow. Every time I don't do it, it's an act of selfishnes…”
Meyer: Great cultures require firing people so the team can thrive
“Sometimes there's people we have to fire. In any great culture, you have to do that, if you want the rest of the vine to truly thrive.”
Meyer: Core emotional hospitality skills follow a bell curve and cannot be easily taught
“I'm not sure they can be learned and I'm not sure they can be taught. I think we can teach people how to identify them in others. I'm sure that we can teach people how to celebrate them when they see them happening. And I actually believe that this is a classi…”
Meyer: Emotional hospitality is the true alpha differentiator when skills are easily copied
“In a day and age where we're all in where what you know how to do can be so easily copied by everybody. I really believe that that 51%, which is how do you make people feel while you're doing it, can truly become the alpha that can differentiate different orga…”
Meyer: Keeping toxic high-performers destroys a leader's credibility
“And the fact is, you cannot afford to keep Johnny because he is making me look like a fool every time he behaves in a way that's contrary to my stated values and behaviors. He is actually making everybody else look at me like I'm full of it, and that's on me a…”
Danny Meyer: Restaurant prices will rise as tipped wages disappear
“And as cities, states, and now the entire country move to a higher minimum wage, and then perhaps one day, one wage for everybody, as opposed to a second-tier For tipped employees, which I believe is not gonna last forever. Can't. You're gonna start to see res…”
Meyer actively avoided hiring New Yorkers when opening Union Square Cafe
“My hiring, if you were from New York, I didn't pretty much want to hire you. I was looking for, because I didn't think of New York as being a very friendly place back then. I wanted a place that, that was welcoming.”
Meyer: Service is technical delivery, hospitality is how customers feel
“I think service is a way to describe the technical delivery of the product. Did you do what was expected? Did you get the right food to the right person? And I think hospitality is a very different thing, which is, oh, by the way, how did you make the recipien…”
Shake Shack redefined the classic speed, price, and quality trade-off
“Whoever wrote the rule that it has to be one plus one plus zero, and what we found is that it was not as fast as fast food, but it was a lot faster than a full-service restaurant, and it was not as inexpensive as fast food, but it was a lot less expensive than…”
Danny Meyer: Innovation is recombining past discoveries, not inventing from scratch
“Innovation for me is never about inventing something that was never there. It's truly about how many of these discoveries did I store in my taste memory, my heart memory, wherever, and then use that file cabinet and pull out those things and combine them at th…”
Danny Meyer says founders have a moral obligation to scale beloved concepts.
“If you find that, that people have found a place in their heart for something you're doing, and it's becoming essential, it's becoming part of their lives, you don't have a right to hold it back from people. You don't have a right to, Not employ more people. Y…”
Danny Meyer argues that great business ideas cannot overcome bad leadership.
“The leadership Is probably even more potent than the idea itself. I think a great leader can pivot and make a decent idea even better, but I've never seen a great idea overcome bad leadership.”
Danny Meyer: Pursuing perfection is a recipe for unhappiness
“No, I think perfection is a recipe for unhappiness. I really do, and so yeah, I, I'm really all about pursuing excellence, which is, for me, the way I describe it. No, you can have all the perfection you want. I won't have it because I can't, but what I love i…”
Danny Meyer: Entrepreneurs should establish deep roots before scaling
“The gift to me was that I planted roots, and I think we know this from grapevines, that the deeper those roots dig into the soil, the more flavor the resulting wine will end up having. And so try to grow where you're planted a little bit before you scale.”
Meyer: Refusing to hire complementary talent causes bankruptcies, not expansion
“Really trying to figure out what had led him down that path, and it wasn't expansion, it was A failure to surround himself with a lot of people who knew how to do things he didn't know how to do. He had a need to be the smartest guy in the room, which I don't.”
Danny Meyer: Hospitality is an emotional transaction; service is technical
“Hospitality describes an emotional transaction, whereas service describes a technical transaction, and you need them both.”
Danny Meyer: CEOs must be the fluent shamans of company culture
“I just feel like culture is driven by language. I don't know any culture in the world that is not glued together by language, whether it's your family, your religion, there's language, and I think that the CEO of a company is the shaman of that culture, and th…”
Meyer: A leader's most powerful tool is hiring and promotion signaling
“What she really helped me to see was that the most powerful thing I think a leader does is to signal through the people that they hire and promote what are the behaviors that they want to propagate.”
Meyer: Fine casual restaurants solve the quality, speed, and price trade-off
“Here's what's happened with this mashup that's happening right now in what I call the fine casual world. We've challenged us to say, well, whoever wrote the rule that You only get to two by going one plus one plus zero. And so what fine casual is doing is sayi…”
Meyer rejects 98% of restaurant locations even if offered for free
“The first question I asked myself is, Would I want this even if it were for free? And guess what? 98% of the time, the answer is no.”