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.
Looks like Luigi got another flag to reach
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.
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 :/
Had to get the money from somewhere. Just like Trump. Fire a bunch of workers for the tax cut payments to billionaires. Like clockwork.
