Good morning, Broadsheet readers! The pay gap has widened for the first time since 2003, former Alameda Research CEO Caroline Ellison asked for no prison time, and OpenTable's CEO competes with Resy to book tables for the hottest restaurants. Have a terrific Thursday.
- Table for two. Restaurant reservation culture is out of control. There are black markets and bots, with diners shelling out hundreds of dollars just to secure tables, especially in cities like New York. New York lawmakers even passed legislation to curb the phenomenon.
But Debby Soo, the CEO of OpenTable, says some of that is a myth. "You can still find reservations at the hottest, hardest-to-get restaurants if you are flexible with timing," Soo says. "This narrative out there that it's so hard—sometimes I don't think it necessarily serves restaurants because I don't want to discourage diners from trying."
