• finitebanjo@lemmy.world
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    3 days ago

    Just for perspective here,

    1000 * $15/hr = $15,000 / hr
    
    $96,000,000 / $15,000  / hour = 6,400 hours
    
    6,400 hours / 40 hours / week = 160 weeks
    
    160 weeks / 52.17857 weeks / year = 3.0663929655412174 years
    

    They could afford to keep those employees on for another 3 Years with that amount.

  • Laurel Raven@lemmy.zip
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    3 days ago

    They could have paid every one of those employees nearly 6 figures instead. If the company is doing so badly that they feel they need to lay off a thousand people, they should not be handing out CEO bonuses, period.

  • Eddbopkins@lemmy.world
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    2 days ago

    I have never gone to a Starbucks and I never will. It’s not that hard to do that. They will never get even a penny out of me.

    • SippyCup@feddit.nl
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      2 days ago

      Fair warning, if you’re brewing coffee at home it’s still possible to buy Starbucks.

      Most of the coffee at Costco is just rebranded Starbucks beans. A lot of dark roast coffee is secretly shitty Starbucks beans. If it smells like cigarettes at any point, you’ve probably got Starbucks coffee.

    • Goldholz@lemmy.blahaj.zone
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      2 days ago

      The only reason i would go to a Starbucks is to look at the people working and buying coffee there. Or to meet a cute person behind the counter, but i have never nore will i spend money in that

  • stopforgettingit@lemmy.world
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    3 days ago

    This is the same douche canoe that was the CEO of Chipotle and denied that the serving sizes were getting smaller and told people to just harass the worker making the food if they thought their serving size was to small.

    • ChapulinColorado@lemmy.world
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      3 days ago

      Also the same guy trying to green wash plastic waste to be customer responsibility while commuting on a private jet from Southern California to Seattle.

    • The Pantser@lemmy.world
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      2 days ago

      Wait we had permission to do that? I thought I was just being a dick and telling them to “keep going”. What a relief, too bad I won’t go back.

  • SaharaMaleikuhm@feddit.org
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    3 days ago

    I don’t get it. We did not let kings and lords and counts keep their belongings. Why are we treating this scum any different?

  • FreddyNO@lemmy.world
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    3 days ago

    So he literally stole their salaries. We can’t put up with millionair ceos anymore, it needs to be outlawed…

  • hopesdead@startrek.website
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    4 days ago

    Just so people are aware, Starbucks was caught buying from farms in Brazil multiple times that used slave labor. In Guatemala, along with Nestle, were caught buying from farm(s?) that used child labor.

    EDIT: On top of this the company partnered with Conservation International to certify the farms met the company’s standards. The incident in Brazil saw CI trying to coverup the certification of that farm. Also CI is involved with arms dealing.

    EDIT 2: Their retail products have the claim “100% Ethically Sourced”. That is a lie.

    • okamiueru@lemmy.world
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      3 days ago

      That’s what I’m trying to do understand as well. What’s the explanation for these kinds of things? What’s the actual sequence of events and how conditions that lead to these things? Why would the board approve of this kind of compensation?

    • jballs@sh.itjust.works
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      3 days ago

      Yeah, same guy who fired nearly everyone at the Chipotle corporate office in Denver so he didn’t have to commute.

        • vfsh@lemmy.blahaj.zone
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          3 days ago

          In 2018 Niccole laid off 400 at the Denver and New York locations so that HQ could be relocated to Newport Beach, where he lived at the time.

          • jballs@sh.itjust.works
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            3 days ago

            That was just the 400 FTEs. There were also lost of contractors that were affected as well! Most people don’t count them since they could have been let go for any reason.

        • jballs@sh.itjust.works
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          3 days ago

          Of course that wasn’t the official reason he gave. He hired a management consultant group to do a study of where all the top restaurant talent was in the country. Surprise, surprise, all the criteria they were given led them to narrow down the ideal location for the corporate headquarters to be right next to his house in Newport Beach.

          • tischbier@feddit.org
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            3 days ago

            How the fuck isn’t this stuff against business laws. How does this not break the fiduciary duty by self-dealing?

            If what you’re saying is accurate then he’s a pro at creating parallel evidence.

            Who am I kidding? Anyone who could bring a suit against the CEO probably doesn’t care.

            wasteful hubristic meatballs

            • jballs@sh.itjust.works
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              2 days ago

              I’m theory, the board of directors is supposed to keep a CEO in check if they do something that is against the best interest of the shareholders. But the share price actually went up after he made this move.

              Same reason share prices often go up when a company announces layoffs. The market isn’t always tied to how well a business is run.

    • bobs_monkey@lemm.ee
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      3 days ago

      OC to Seattle, but yes. The guy didn’t want to relocate from Newport Beach, so they bought him a jet to make his weekly “commute.”

        • bobs_monkey@lemm.ee
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          3 days ago

          Iirc he flies up Monday, stays in the corporate penthouse during the week, then flies back Thursday or Friday. I’ll be honest I haven’t kept up on it as I really don’t care lol, I just remember the article from a few months or whatever back.

  • Pilferjinx@lemmy.world
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    3 days ago

    Friendly reminder, comrades: There is no such thing as a good billionaire. From the East to the West, they are humanity’s enemy.