• hopesdead@startrek.website
    96·
    8 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.

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

  • Snowclone@lemmy.world
    441·
    10 days ago

    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!

    • RejZoR@lemmy.mlEnglish
      14·
      10 days ago

      Or sharing profits among the leeches when it’s going great, but when shit goes down they are begging for help from government and firing people. How about you not instantly take out profits but you build resillience through reserves and preparation? Lol, who am I kidding, milk the cow till it’s dry and then make beef patties when it stops giving milk.

    • jballs@sh.itjust.worksEnglish
      22·
      9 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
          9·
          9 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.worksEnglish
            7·
            9 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.worksEnglish
          5·
          9 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.orgEnglish
            2·
            9 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.worksEnglish
              2·
              8 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
      12·
      9 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
          4·
          9 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.

  • FreddyNO@lemmy.world
    38·
    9 days ago

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

  • finitebanjo@lemmy.world
    381·
    9 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.

    • QualifiedKitten@discuss.onlineEnglish
      2·
      8 days ago

      Was it baristas that were laid off or office workers? Minimum wage for their corporate headquarters is a bit over $20/hour, and I’d suspect very few corporate employees are making only minimum wage.

      • finitebanjo@lemmy.world
        2·
        8 days ago

        That might be fair, but “laid off” has the sort of vibe to it that they didn’t get to choose between minimum wage and no job. Also, the federal minimum wage is $7.25 and the minimum wage in Washington state, where starbucks HQ is located is $16.66 so yeah definitely would have to rework the math based on location of the layoffs.

        • QualifiedKitten@discuss.onlineEnglish
          2·
          8 days ago

          Agreed, just trying to point out that if the laid off employees were corporate, not retail, the $15/hr assumption is probably pretty low. If retail, those could be spread across the country, and $15/hr is probably pretty generous. Starbucks HQ is in the city of Seattle, which has an even higher minimum wage than the state (I think $20.76/hour now?).

  • SaharaMaleikuhm@feddit.org
    31·
    9 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?

  • Laurel Raven@lemmy.zipEnglish
    29·
    9 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.

  • stopforgettingit@lemmy.world
    28·
    9 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
      11·
      9 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
      1·
      8 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.

    • sneaky@r.nfEnglish
      9·
      9 days ago

      Probably how they determined the amount of the bonus. His idea, he got a cut.

    • okamiueru@lemmy.world
      4·
      9 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?

  • melsaskca@lemmy.ca
    23·
    8 days ago

    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.

    • The Pantser@lemmy.world
      6·
      8 days ago

      Plus ordering there takes 3x longer than if I just made a coffee at home. They are not convenient unless you are traveling and have no access to a coffee maker.

    • drathvedro@lemm.ee
      2·
      8 days ago

      But the local shops are often treating employees in ways that starbucks couldn’t possibly get away with. Source: ex who worked 14 hr shifts without weekends at 4 different places for a couple months each and came out at net negative.

      There are some nice places though, where barista is the owner, and not just some stupid rich kid trying his hand at entrepreneurship.

    • Lv_InSaNe_vL@lemmy.world
      2·
      8 days ago

      Hell even my regular coffee shop does most of the milkshakes fancy coffees that Starbucks does.

      I drink black coffee but they do look really good