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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 yearsThey could afford to keep those employees on for another 3 Years with that amount.
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.
Pretty sure a good portion of that was union busting, but that’s what we’re all about now.
This would not shock me in the slightest
I guess it’s a good thing I make my own coffee at home. Bonus! It doesn’t taste like burnt bean water!
That’s $96,000 per layed off worker
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.
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.
There’s absolutely no way he’s adding enough value compared to Joe MBA to justify that compensation.
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?
“It’s a big club, and you ain’t in it.”
Starbucks gives the new CEO a $96 million bonus, then a month later, lays off 1,000+
workersPotential Luigis.FTFY.
We wish
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?
Capitalism has no face to punch
It has many!
In the time of kings and lords, it got way, way worse than this.
Not saying we should wait that long now, just saying.
Friendly reminder, comrades: There is no such thing as a good billionaire. From the East to the West, they are humanity’s enemy.
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.
Should be 30 :1 on whichever is lower average or median salary and contractors count if they perform core business functions/work on location.
Had to get the money from somewhere. Just like Trump. Fire a bunch of workers for the tax cut payments to billionaires. Like clockwork.
So he literally stole their salaries. We can’t put up with millionair ceos anymore, it needs to be outlawed…
Don’t use Starbucks anymore. It’s American
Don’t use Charbucks anymore. It’s shit coffee
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.
I’ve literally only bought two things from amazon, ever. I feel bad about it to this day :/
There ain’t no smile in those eyes. Creepy AF.
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 trust you know this person well and that your experience is accurate.
However, you might find it useful to look up coping mechanisms in dealing with someone with OCPD. OCPD is extremely common and people with this personality disorder usually are extremely miserly and controlling. I’m not saying your person has this disorder. But from your story, the issues with money align closely enough that the tools people use in dealing with OCPD miserliness might help you. Or at the very least it might help you feel less alone in that experience.
I’m really sorry you are having to manage that and deal with this person. You sound like a very reasonable and empathetic person yourself. Please do something small and kind for yourself tomorrow. ❤️
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.
Mr. Beast smile
