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International Business Times
International Business Times
National
M.B. Mack

Red Lobster's New CEO Mocks Old Bosses Going Bankrupt Over Endless Shrimp Deal: 'I Know How to Do Math'

Red Lobster Damola Adamolekun Math
National seafood chain Red Lobster has exited Chapter 11 bankruptcy protection. (Credit: Justin Sullivan/Getty Images)

Red Lobster's new CEO has taken a jab at the chain's previous bosses, blaming their bankruptcy-inducing endless shrimp promotion on bad math.

The restaurant chain filed for bankruptcy in May 2023 after financial mismanagement and operational struggles, including a disastrous decision to make its $20 endless shrimp promotion a regular menu item.

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