The Wit

Wendy's CEO Plans to Incorporate Surge Pricing      As early as 2025 Wendy's CEO, Kirk Tanner, announces the introduction of surge pricing. What is surge pricing? We see it all the time, when airplanes and travel agencies change prices based on holidays and seasonal and off season deals; when Lyft and Uber change prices based on time of day, weather and other factors; when bars incorporate Happy hours as opposed to other times of day.      The idea is to create and even pace of revenue through out the day and eliminate the loss from less productive parts of the day. Weather this means better prices during slow periods of the day to increase sales, or price gauging at these times to increase revenue is still too be seen.         Tanner states  “Beginning as early as 2025, we will begin testing more enhanced features like dynamic pricing and daypart offerings, along with AI-enabled menu changes and suggestive selling. As we conti...

  The Passing of Jacob Rothschild, at the age of 87 Jacob Rothschild,  powerful Jewish and British philanthropist, financier and lover of art passed away today, Monday, Feb. 26, 2024. Jacob Rothschild, born April 29, 1936 in Berkshire, England was married to his wife Serena Mary Dunn for over five decades before she passed away in 2019. Jacob Rothschild leaves behind children Hannah, Beth, Emily and Nathaniel. The Rothschild family founded a bank in Frankfurt six generations before Jacob and have since become one of the world wealthiest banking families.   CHRIS MOORHOUSE/EVENING STANDARD/HULTON ARCHIVE/GETTY IMAGES       Jacob Rothschild created ripples in his family in the late 1970's proposing a merger with the London Bank S.G Warburg. After breaking from his family,  Jacob acquired assets ranging from hotels, to oil and tobacco companies. Striking deals with other great banking institutions such as the Rockefeller Financial Services. He held t...