Here's Where the Kahiki Rebuild Money Went - General Tiki

B bigbrotiki Tiki Socialite Tiki Island, above the Silverlake Joined: Mar 25, 2002 Posts: 11621	B bigbrotiki Posted posted on Wed, May 19, 2004 12:13 AM As far as I know Michael Tsao had been a manager at Trader Vic's for 10 years before he got hired to manage the Kahiki, and then finally took it over. All together he probably had been in the restaurant business for over 30 years when Walgreens came with that "offer he couldn't refuse". I believe he is just burned out on the restaurant business, and he sees more financial security and less hassle in manufacturing food products. He had his fun, and wants to retire with a nice chunk of dow. I am not condoning the sale and loss of the Kahiki, just pragmatically looking at the realities. That's the way the cooky crumbles, folks.

As far as I know Michael Tsao had been a manager at Trader Vic's for 10 years before he got hired to manage the Kahiki, and then finally took it over. All together he probably had been in the restaurant business for over 30 years when Walgreens came with that "offer he couldn't refuse".
I believe he is just burned out on the restaurant business, and he sees more financial security and less hassle in manufacturing food products. He had his fun, and wants to retire with a nice chunk of dow.

I am not condoning the sale and loss of the Kahiki, just pragmatically looking at the realities. That's the way the cooky crumbles, folks.

Post #91862 by bigbrotiki on Wed, May 19, 2004 12:13 AM