Work Reform

Just some fun basic math for everyone...

$96 million / 1000 (workers) = $96,000

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.

EDIT: I got the slogan wrong. It is “Committed to 100% Ethical Coffee Sourcing”.

Remember when Ford had an amazing performance growth, made record profits, then laid off a huge amount of people and moved more business overseas. Nothing like capitalism to fire you when you're down and fire you when you're up!

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

This is the guy that commutes from LA to Seattle on a private jet?

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.

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?

Don't use Starbucks anymore. It's American

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.

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.

That's $96,000 per layed off worker

96 million could pay the salaries of basically 2000 baristas

There's absolutely no way he's adding enough value compared to Joe MBA to justify that compensation.

Shop local. It's just coffee. Don't let the marketers tell you any different. For sweet creamy syrupy treats go to the ice cream store. Let's not support the current system of the bigwig at the top who does very little and reaps most of the rewards.

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

So who will be the next Luigi?

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.

There ain't no smile in those eyes. Creepy AF.

I worked there back in the early aughts. It actually was a cool retail job that paid reasonably well, a few dollars above minimum, and you got company stock, benefits, a free pound of coffee a week or box of tea, you were invited to company meetings, free drinks on shift, and we did all sorts of cool volunteer stuff, like with the food bank and habitat for humanity, and we would do coffee tastings at events, all sorts of things. It honestly was a fun job lots of the time. It's so sad it's turned into trash.

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.

Looks like Luigi got another flag to reach

Starbucks gives the new CEO a $96 million bonus, then a month later, lays off 1,000+ ~~workers~~ Potential Luigis.

FTFY.

So weird to pay someone that much.

Gets invited to meeting with manager. Employee orders coffee for the meeting Manager says, his coffee will be "To Go"

If someone Luigi's him, they better spell his name wrong on the bullets.

They are hired assasins. Like how they had special officers in WWII to commit the massacres

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.

Shifting "blame" on these white-collar police dogs (megacorp CEOs) instead of shareholders (and the system demanding growth) only needs to happen when everyone understands that even 96m is 2.6% of 3.760m of net income (2024).

So if 1k people were let go all of them could have gotten 1m of bonus and still the company would have made almost 3bn.

But they were let go bcs yoy income (but not revenue) was lower last year, and the financial markets demand a sacrifice (literally any action, even if not actually needed, just to send a signal they are 'on it').

The usual "efficient" meat grinder stuff.