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Red Lobster's new CEO shares comeback strategy after bankruptcy

Operator ZoneRestaurant Failures & Lessons/CBS News/5:22

You know that sick feeling when the numbers don't add up and you're staring at next week's payroll wondering which supplier gets paid late. Red Lobster's new CEO breaks down exactly how a 56-year-old chain digs out of bankruptcy — not with marketing spin or menu innovation, but by fixing the fundamentals that every operator lives or dies by. Anyone who's ever had to choose between keeping the lights on and keeping the team together will recognize every brutal decision he's making.

— The Chef's Take

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