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Friendly reminder, comrades: There is no such thing as a good billionaire. From the East to the West, they are humanity’s enemy.
Happy Cake Day!
“Good billionaire” is an oxymoron like jumbo shrimp. You can be good, or a billionaire but not both. If you were good, you wouldn’t have a billion dollars.
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I volunteer at food shelters, and every now and then we get something we can’t really hand out, like unground coffee beans, so I ended up with a large bag of some Starbucks ultra dark roast of some kind. Had a leopard? on the bag. It smelled like boiled cat shit the instant I opened the bag, went in the compost bin immediately.
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.”
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.
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.
Sure, but look at this smile!
Coffee nuts don’t drink starbucks and those of us who just drink coffee can’t tell the difference…starbucks is a shit company with overpriced drinks.
Just some fun basic math for everyone…
$96 million / 1000 (workers) = $96,000
Want a worse number? Back in 2019, the price of commodity was at less than a $1. Starbucks, at the time made up 3% of the world’s production. They decided to give $20m to their farmers. Did it help? Well based on available financial data at the time, $20m was approximately single afternoon’s profit for the company. A SINGLE FUCKING AFTERNOON! https://sprudge.com/starbucks-would-prefer-you-dont-think-too-hard-about-that-20m-relief-fund-151839.html
🍽️🤑
Yes, but that’s irrelevant, just an accidental “post-” fact.
I think more relevant basic math is that he got a 2.6% bonus in terms of annual net income of the group.
The other 97.4% of labour just goes to shareholders (“landlords” of the financial system).
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!
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.
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.
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?
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!!!
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.
That’s not how words work. Don’t give them an inch, even as a joke.
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.
If someone Luigi’s him, they better spell his name wrong on the bullets.
that’s very witty, well done
I mean he has been rewarded for making the line go up. Part of making the line go up is reducing overheads. So he is being directly rewarded for actions like firing 1000+ employees. So is it a surprise?
Since I’m sitting negative I should clarify that I do not think the actions are moral. Only that he is incentivized to do things like this.
Just because there’s a financial incentive doesn’t mean you should do something. This is a step or two below murber for proflt.
So who will be the next Luigi?
I’m hedging my bets on a Mario. Let’s a go! 🎲🎲
I haven’t seen someone with so punchable face
I guess it’s a good thing I make my own coffee at home. Bonus! It doesn’t taste like burnt bean water!
