Back in February, famed NYC steakhouse Smith & Wollensky ran a program where bankers stuck with stock they didn’t want could redeem it at current market value towards a steak dinner.
Until now, no one had actually gone and performed the feat. But that’s changed according to a spokeswoman for the restaurant. DNA Info is reporting that at least one meal has been paid for with Citigroup (C) stock, making it a Wall Street first.
At around $4.05 a share, we figure one would need about 50 shares to enjoy a decent meal for two.
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