The famed 79 year old restaurant, known for it’s classic traditional setting and Wall Street power crowds has officially ditched it’s
tie-required dress code in an effort to keep up with the times and hopefully
encourage more business in a down economy.

Their attitude is "Why should we say no to somebody who wants to have dinner with us (for lack of a tie)?"

So basically they admit that their attitude for the past 80 years has been idiotic. Wow, desperation make people do strange things.

Look out all you Brandt Wellington's and Gregory Watson Kensington's, next thing you know you'll be rubbing elbows with the "middle class" which they may soon start allowing.