Danny Meyer

13 statements across 1 episodes · 8 bullish · 2 bearish · 1 people on the record · first statement Jun 15, 2020 by Danny Meyer · said 28 times in 7 episodes since 2020 · across every show →

On the record as a speaker too: Danny Meyer's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Guy Raz (25), Gary Hirshberg (2)

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2023 7 mentions in 2 episodes 4 per episode
2021 16 mentions in 1 episode
2020 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Danny Meyer, oldest first

Jun 15, 2020
Assertion Not checkable as stated
Meyer's original Madison Square Park hot dog cart lost $5,000 initially
“Well, what we had done was to offer to give all of our profits back to the Madison Square Park Conservancy, and that was pretty easy because we lost about 5000 bucks that first year.”
Danny Meyer Jun 15, 2020 ▶ 29:41 Shake Shack: Danny Meyer
Jun 15, 2020 neutral
Assertion Not checkable as stated
Meyer spent $240K on lease and $500K on Union Square Cafe buildout
“240,000 dollars. For the 14 years, and then I spent 500,000 dollars building it, and that was it.”
Danny Meyer Jun 15, 2020 ▶ 12:01 Shake Shack: Danny Meyer
Jun 15, 2020 positive
Disclosure
Meyer requires cooks to have six core emotional hospitality skills
“I don't let our chefs hire that pasta cook unless they believe that the pasta cook has those six emotional skills, meaning that now you've got someone who's really good at what they do and who is motivated to do that thing because they are happier themselves w…”
Danny Meyer Jun 15, 2020 ▶ 25:34 Shake Shack: Danny Meyer
Jun 15, 2020 bullish
Assertion Supported
Shake Shack locations average over $4 million in annual revenue
“Today they're grossing on average, A little bit more than four million dollars per shack. There's 278 of them in the world.”
Danny Meyer Jun 15, 2020 ▶ 39:41 Shake Shack: Danny Meyer
Jun 15, 2020 positive
Opinion
Meyer: Chipotle was the first national chain to offer real gastronomy
“Well, Chipotle, I think Steve and Chipotle really deserve an enormous amount of credit for really being the first national chain to break the barrier that fast food could not be It's gastronomic. There's real cooking that takes place in real time”
Danny Meyer Jun 15, 2020 ▶ 41:10 Shake Shack: Danny Meyer
Jun 15, 2020 positive
Insight
Meyer: Entrepreneurs are naturally blind to downside risk
“I've come to learn that a hallmark of being an entrepreneur is that you are upsided, as in, you can only see up. You don't see what could go wrong”
Danny Meyer Jun 15, 2020 ▶ 11:15 Shake Shack: Danny Meyer
Jun 15, 2020 positive
Assertion Not checkable as stated
Meyer: 95% of Shake Shack's menu stems from his original draft
“And I just sat down one day, just scribbled on a piece of paper the menu, and the menu I scribbled that day is kind of 95% what we serve at Shake Shack to this day”
Danny Meyer Jun 15, 2020 ▶ 31:37 Shake Shack: Danny Meyer
Jun 15, 2020 positive
Insight
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…”
Danny Meyer Jun 15, 2020 ▶ 23:29 Shake Shack: Danny Meyer
Jun 15, 2020 negative
Disclosure
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.”
Danny Meyer Jun 15, 2020 ▶ 16:39 Shake Shack: Danny Meyer
Jun 15, 2020 positive
Insight
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 Jun 15, 2020 ▶ 38:18 Shake Shack: Danny Meyer
Jun 15, 2020 positive
Disclosure
Meyer structured early family funding as debt to retain 100% equity
“To my mom's credit, my aunt's credit, my uncle's credit, we all structured this as a loan, which was great, because they then put me in a position where I could actually own all the equity after I paid off all the loans.”
Danny Meyer Jun 15, 2020 ▶ 12:38 Shake Shack: Danny Meyer
Jun 15, 2020 negative
Insight
Keeping unprofitable businesses open unfairly deprives employees of raises and promotions
“In keeping it open two years longer than I should have, where we couldn't make ends meet, I was actually doing something incredibly unfair, which was to keep people on the team just because they were so loyal, and they were not getting raises, and they were no…”
Danny Meyer Jun 15, 2020 ▶ 44:05 Shake Shack: Danny Meyer
Jun 15, 2020
Assertion Not checkable as stated
Shake Shack cuts roughly 70% of fine-dining restaurant operating costs
“There's about 70% of the cost taken out. There's not a, if you look at any Shake Shack, there's not a chef or three sous chefs or a pastry chef or a maitre d' or a reservationist or a florist or a linen company, and I, you know, that's probably only half the c…”
Danny Meyer Jun 15, 2020 ▶ 37:17 Shake Shack: Danny Meyer
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