‘You can’t expense it the way you used to’ — the power lunch is dead, and millennials are probably to blame

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‘You can’t expense it the way you used to’ — the power lunch is dead, and millennials are probably to blame
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The Four Seasons is shutting down, and so is the traditional 'power lunch'

The power lunch has turned into the coffee talk, power walk or beer run for workers who don’t have three hours to fritter away, but still make time to network outside the office.“Most of my meetings are held at a local craft coffee shop. We order our flat whites, whip through investor discussions and then I ride my bike back to the office in less than 35 minutes,” Cox told MarketWatch, adding that it’s unheard of, particularly in the tech world, to take time out of the day for a boozy lunch.

Relaxing beers have replaced stuffy cocktails Some millennials, like 24-year-old Sean Pour, co-founder of SellMax.com, a car buying service, says his best business luck comes after having brewery lunches, a more casual setting to network. “We don’t have the time and money. You can’t expense it the way you used to,” Allen explained. He’s even met up for business meetings at affordable spots like museums for a change of scenery. “A lot of companies are bootstrapping. The last thing they’re going to do is throw down $300 for a liquid lunch.”

“The idea of going for a nice lunch is still lovely, and people still do, but maybe not as often. We need an array of choices. Growing up in New York, and working in Boston, people are living hectic busy lives, but that doesn’t mean they don’t want good food, if we can give them that in a matter of minutes, that’s really interesting to me,” Schlow said.

Careers can advance in 15 minutes Career experts say the 15-minute meeting, whether it’s grabbing coffee or chatting on the lunch line, can be an effective networking tool.

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