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There’s absolutely no way he’s adding enough value compared to Joe MBA to justify that compensation.
Had to get the money from somewhere. Just like Trump. Fire a bunch of workers for the tax cut payments to billionaires. Like clockwork.
Starbucks gives the new CEO a $96 million bonus, then a month later, lays off 1,000+
workersPotential Luigis.FTFY.
Cap the maximum compensation gap (including bonuses and stocks) between the highest paid and lowest paid person in a company at 1000:1. Any overpay goes into a UBI account that pays out equally to all.
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?
Friendly reminder, comrades: There is no such thing as a good billionaire. From the East to the West, they are humanity’s enemy.
Boycott what you don’t like. Vote with your money.
Haven’t spent money in a Starbucks for over a decade…nor fast food chains, nor Walmart.
Did do a few Amazon purchases a few years ago and I still feel guilty about it.
Don’t use Starbucks anymore. It’s American
Don’t use Charbucks anymore. It’s shit coffee
So he literally stole their salaries. We can’t put up with millionair ceos anymore, it needs to be outlawed…
There ain’t no smile in those eyes. Creepy AF.
Mr. Beast smile
You have to be willing to exploit your fellow humans to get where he is. Either you don’t have a soul to start with or it gets torn to bits every step you take up the ladder.
I’ve known people like that. I’ve been very close to people like that. It’s crazy, everywhere they look they’re looking for some win/something they can take. They never feel guilty. Honestly, the only thing they feel is betrayal when someone won’t bend the knee.
That’s my little observation.
Sad thing is, they still have people who love them but they aren’t truly capable of reciprocating. Everything is transactional and they always expect it to be profitable for them. The only thing that truly hurts them is when it isn’t profitable. It sucks being caught in their orbit too. Believe me.
My brother was a sociopath, unsuccessful in business but a user and abuser.
I have spent most of my life dealing with a successful sociopath. Thing is, at times it really looks like he means well.
It’s a constant battle in my head. Is it just his belief system? Is it just that he views everyone else as incompetent?
I constantly find myself making excuses for him because I love him. I get angry and I’m able to really look at everything sometimes, or he does something really shitty to someone else. Like recently, he wanted to buy tires for his son. Great, right? But he had to find a way to make it a tax write off or he didn’t want to do it. He got his daughter a car, but with the condition that her mother couldn’t drive it under any circumstances. And it had to be a flood damaged car. Good deals with the salvage titles and all.
He finally caved and sent his son money when I guilt tripped him, but he was mad for weeks about it. He’s probably still fuming. Mom ended up buying his daughter a car she couldn’t afford on credit and he gave the one he bought her to his girlfriend.
He ended up buying his son used tires because he couldn’t work it out to get the write off without sending a check and he didn’t trust him with it (with no reason to feel that way).
He built a cabin with his step brother in the 80s. They both poured blood, sweat, and tears into it. He had the money so he technically owned it, but it was understood that it was theirs with no strings attached.
When it was completed he informed him that he was welcome to use it any time he wanted, so long as his mother never stepped foot through the door. Naturally his step brother said “fuck that”, took the L and never went back.
I don’t know I’m doing dealing with it. Emotions are weird.
I understand, my brother only ever fucked over everyone else except me (probably because he knew what would happen) and it was an ever frustrating thing. I miss him but I think it’s for the best that he isn’t around to do more damage.
What ended up happening to him? Was it drugs that stopped him from being successful enough to really hurt people?
Sorry to say it like that. That’s just been my experience.
He got hopped up on coke and booze and tried to kill a random driver with one of his beloved guns and they ran him down.
So weird to pay someone that much.
96 million could pay the salaries of basically 2000 baristas
Probably how they determined the amount of the bonus. His idea, he got a cut.
This is the guy that commutes from LA to Seattle on a private jet?
Yeah, same guy who fired nearly everyone at the Chipotle corporate office in Denver so he didn’t have to commute.
I’m just amazed no one goes Luigi when shit like that happens…
That’s…man I hope you’re wrong as that’s awful.
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.
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.
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.
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.”
Wasn’t it daily commute?
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.
Makes more sense.
I don’t know why people think large companies aren’t allowed to get rid of people when they want to? And especially Starbucks, it’s shit-work, not a 20y long career maker.
Do you keep a list of workers or jobs who you feel are beneath you and don’t deserve enough money to support themselves with basic essentials like food, water, or shelter?
Why would I do that.
Let me translate that rhetorical question for you:
Why do you believe society should allow certain businesses to remain in existence, when those businesses utilize human labor, yet do not pay enough for human laborers to subsist?
It’s not like individual locations determined they’re overstaffed or something. The CEO is just blanket firing people because it makes some numbers look more gooder on some spreadsheet.
To the company it is “an adjustment.” To those people, it can be a devastating loss of healthcare, of the money they use to pay for food and shelter, and even an identity crisis. Starbucks has all sorts of positions, ranging from seasonal part time employees, to store management that gets paid pretty well, to corporate employees that presumed they were in 20y career trajectories. Every single one of them deserves better than losing their job just to pay for a big bonus for one guy.
It’s not about whether they are allowed or not. It’s that actions should have consequences but the modern corporate structure has so divorced leadership from the consequence of their actions that this is normal. Let me rephrase: Hurting people to pump your personal wealth is not just normal, it’s expected. That’s sick.
Lol, okay, blame starbucks all you want, it’s a faceless entity. You could be mad at the politicians who set you up to instantly fall into desperation the moment you lose a minimum wage job, but if you want to be mad and ineffectual at the same time, be my guest.
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.
Their retail products have the claim “100% Ethically Sourced”. That is a lie.
That all depends on which ethical code you’re referencing for your statement. I 100% believe that Starbucks sources according to their corporate ethical standards.
I am unable to find a news report now, but I am certain I read one back in 2018 or 2019. I believe that Conservation International (an organization that helped develop the C.A.F.E. standard the company uses) was discovered covering up the certification of one of the farms in Brazil. As I remember reading, that a farm was at the time listed somewhere as being certified but after slave labor was discovered, CI uncertified the farm and attempted to claim it failed to meet the C.A.F.E. standards, thus never was awarded certification. They weren’t saying the certification was revoked; it never had any.
Do you have a source for that? I want to read more about it.
Here are three different reports regarding three different instances in Brazil. https://news.mongabay.com/2019/05/slave-labor-found-at-second-starbucks-certified-brazilian-coffee-farm/
https://news.mongabay.com/2018/09/slave-labor-found-at-starbucks-certified-brazil-coffee-plantation/
Here is one on the Guatemala incident. https://www.theguardian.com/business/2020/mar/01/children-work-for-pittance-to-pick-coffee-beans-used-by-starbucks-and-nespresso
Awesome, thank you! Support local coffee shops, people!!!
Is this the same nestle slave labor case that went to the Supreme Court where nestle was successfully defended by former Obama solicitor Neal Katyal, or have they done this more than once?
