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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Wine whine

By Megan McArdle
Jun 12 2008, 1:39 PM ET Comment

A propos of yesterday's post on kosher wine, a reader pointed me to this article on the Olive Garden's attempt to increase its wine profits:

The present purpose of the Olive Garden is to sell you their wine. That's it. The food and the commercials exist to get you there to sell you wine. The chairs are there so you have a place to sit while you buy their wine. The tables are there so the wine has a place to be. The air-conditioner is there so the wine doesn't go bad. (They don't want the wine to go bad, because they would sell less. If it still sold, they wouldn't care if it went bad. The point is to get you to buy it.)

I don't know why a fairly inviting restaurant chain chose to transform itself to a hard-sell restricted-selection liquor store. Perhaps the "kindly grandpa" in the commercials owns a winery and is Connected. Or, more likely, this conversation took place:
CEO of DARDEN RESTAURANTS: Things are going well. Our "Red Lobster" restaurants are doing well. Our "Bahama Breeze" restaurants allow people to experience the delights of visiting the Caribbean without having to worry about interacting with Caribbean people. And our "Olive Gardens" are successfully matching a dinner-house concept against the independently-owned restaurants that used to be the mainstay of Italian dining. But if only we could make more money...


GUY WITH MBA: Well, you have a huge mark up on your wine. Right now you have a bunch of customers who will never buy wine. You can't do much about them. You have a bunch of customers who will order wine no matter what, because they like it. We are fine on that front. But there are a few people who are so incredibly suggestible and stupid, that they wouldn't normally buy wine, but they will if you badger them about it. So I say that you change your restaurants from a "pleasant dining experience" to an "annoying as bugfuck we will get you to buy our god damn wine sellfest." You may make some more money that way.


CEO of DARDEN RESTAURANTS: Okay.

I have an acquaintance who is a serious alcoholic. As soon as you walk in the door, he is waving a bottle at you, trying to get you to have a drink with him so he has an excuse to have several. Even at his worst he is not as obnoxious as the Olive Garden is. As I said, I am not a good enough writer to properly convey the cheesy hard-sell atmosphere of the new Olive Garden.


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