After Hurricane Betsy in 1965, Ruth's Chris Steakhouse endeared itself to New Orleanians by feeding rescue workers a warehouse full of its prime beef. After Hurricane Katrina, the newly public company decamped for Orlando.
Aided by Seminole County economic development incentives, Ruth's Chris Steakhouse yesterday announced that it was moving its Metairie, Louisiana headquarters to Orlando. "Many other businesses in New Orleans, particularly those with public shareholders, face a similar quandary. And as others struggle to get back on their feet, the quick, practical decision by Ruth's Chris may foreshadow a painful exodus of a number of other companies from the city and surrounding region."
Thanks to Dan Houston
FULL STORY: Ruth Built the Steakhouse. Katrina Intervened.
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