In the 1970s, New York City was on the decline. Crime was up, graffiti was everywhere, and the city was broke.
To figure out how to solve these problems, then Loews Corporation CEO Bob Tisch invited business leaders for breakfast at the Tisch family's hotel, the Loews Regency.
That's how New York's most famous Power Breakfast was born.
The tradition lives on today with the biggest names in business, finance, and politics dining there each day.
Last year, Loews Regency's entire dining room and lobby were redone to give it a new feel.
We had breakfast there Thursday morning. The updated place has a more modern and sleeker appearance compared to the old red velvet booths.
You can still expect to pay a fortune for eggs, toast, and coffee, though. That hasn't changed.
Loews Regency is on Park Avenue and 61st Street. It's near what we like to refer to as Wall Street North, where banks like JPMorgan and UBS are located along with a number of hedge funds and private equity shops.
When you walk in, the dining room is on your left.
The lobby and restaurant were redone in a recent remodeling.
See the rest of the story at Business Insider