Drain the olives and cut into rings. Cut bread into small cubes. Peel and chop onions. Wash thyme, pluck off leaves and chop.
Fry the bread cubes in hot butter until golden brown and remove. Heat oil and sauté onions in it. Sprinkle with sugar and caramelize lightly while stirring. Fry the thyme and olives briefly. Season with pepper and let it cool down.
Cut the fat edge of the steaks. Grill the steaks on each side for 3-4 minutes. Season with salt and pepper. To serve, mix bread cubes with olives and sprinkle over steaks. Serve with toasted flat bread, pointed peppers, herb satsiki and BBQ sauce.