We Went To The Famous 'Power Breakfast' Where Wall Street's Big Shots Spend A Fortune On Eggs And Coffee

Julia LaRoche, Linette Lopez, Business Insider

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 still 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 the place a new feel.

We had breakfast there this 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.