26 Feb 2012

Banker Leaves 1% Tip On $133 Lunch Bill In Defiance of 'The 99%'

A banker left a 1% tip in defiance of 'the 99%' at a Newport Beach restaurant the other week, according to his dining companion and underling who snapped a photo of the receipt and posted it to his blog, Future Ex Banker. (Update: the blog is now offline.)
In posting the photo, the employee gave some background on his boss and the receipt:
Mention the “99%” in my boss’ presence and feel his wrath. So proudly does he wear his 1% badge of honor that he tips exactly 1% every time he feels the server doesn’t sufficiently bow down to his Holiness. Oh, and he always makes sure to include a “tip” of his own.
The "tip" of his own in this case was to tell the server to "get a real job." Pleasant.
The whistleblower's Future Ex-Banker blog (now offline) included additional background on his boss, and some insight into why he would out his gross behavior, likely resulting in an employment status of current ex-banker:
I work in the corporate office of a major bank for a boss who represents everything wrong with the financial industry: blatant disregard and outright contempt for everyone and everything he deems beneath him. On top of that, he’s a complete and utter tool. At the same time, I’m still cashing paychecks, an admittedly willing—albeit reluctant—cog in the wheel of this increasingly ugly industry, so I’ve created this blog as a confessional of sorts. It won’t entirely clear my conscience, but hopefully it’ll help. I’m sure I’ll get fired eventually. Until then, enjoy.
UPDATE: In a conversation with the Huffington Post, Mike Wilcox, the vice president of operations for True Food Kitchen, gave some insight into how the company was treating the incident since the receipt began receiving attention online. Wilcox said that the restaurant was "absolutely" treating the receipt as real, but to confirm its authenticity for certain, they were in the process of tracking down both the physical receipt at the restaurant and the computer-generated copy in their credit card system.
"The first thing we're going to do is to make sure the server is taken care of," Wilcox said, "and make sure the server wasn't treated badly or insufficiently tipped." He explained that they would be asking Breanna, the server named on the receipt, if she recalled the table and how her service was. "If her service was up to the level" they assume their employees would deliver, Wilcox said, "they would do everything they can to make it up to her somehow." Referring to online comments posted about the receipt, Wilcox remarked, "people are asking us to ban the person from the restaurant -- if more information came through on who the person is I first would love to talk to him."
UPDATE II: As many have noted, a true 1% tip correctly rounded to the nearest penny would have been $1.34, leaving this tip just shy of that threshold, mathematically speaking.