Why the owner of a Toronto restaurant gave each of his staff members a five per cent stake in the business.
The last year has been hell for restaurants, but for Oyster Boy founder Adam Colquhoun, desperate times call for generous measures.
Last week, Toronto’s preeminent mollusc evangelist gave six of his staffers a five per cent share in Oyster Boy—a reward for their hard work, but also a pretty great way to future-proof his business: “A lot of people have left the industry over the last year, and when we’re all opened up again, great people are going to be hard to find,” says Colquhoun.
