Starbucks continues to be terrible
Starbucks continues to be terrible
Starbucks continues to be terrible
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.
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.
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
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.
They are hired assasins. Like how they had special officers in WWII to commit the massacres
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.
Fair warning, if you're brewing coffee at home it's still possible to buy Starbucks.
Most of the coffee at Costco is just rebranded Starbucks beans. A lot of dark roast coffee is secretly shitty Starbucks beans. If it smells like cigarettes at any point, you've probably got Starbucks coffee.
Shouldn't Costco warn people if they're gonna sell burnt ass coffee beans though?
The only reason i would go to a Starbucks is to look at the people working and buying coffee there. Or to meet a cute person behind the counter, but i have never nore will i spend money in that
I already have dirty toilet water at home, I don't see why I would pay Starbucks for it.
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.
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.
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.
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
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.
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.
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."
I guess it’s a good thing I make my own coffee at home. Bonus! It doesn’t taste like burnt bean water!
So he literally stole their salaries. We can't put up with millionair ceos anymore, it needs to be outlawed..
Friendly reminder, comrades: There is no such thing as a good billionaire. From the East to the West, they are humanity's enemy.
"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.
Happy Cake Day!
Starbucks gives the new CEO a $96 million bonus, then a month later, lays off 1,000+
workersPotential Luigis.
FTFY.
We wish
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.
Thank you for defeating starbucks for us. It's wonderful to know that this news story didn't happen thanks to your valiant efforts!
I've literally only bought two things from amazon, ever. I feel bad about it to this day :/
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.
Then they'll just hire Task Rabbits or otherwise divide companies by pay.
Starbucks needs more union stores. Unions can address loopholes more quickly and effectively than government legislators can. Deunionization is half the reason why inequality has skyrocketed since the 1970s.
We need to fix the root causes of inequality by building infrastructure that can't just be destroyed by executive order.
Should be 30 :1 on whichever is lower average or median salary and contractors count if they perform core business functions/work on location.
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.
Mr. Beast smile
This is the guy that commutes from LA to Seattle on a private jet?
96 million could pay the salaries of basically 2000 baristas
Probably how they determined the amount of the bonus. His idea, he got a cut.
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).
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.
yeah well anyways you see rich people do worse shit in front of you but yet we cannot change anything.
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.
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
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?
So weird to pay someone that much.
Had to get the money from somewhere. Just like Trump. Fire a bunch of workers for the tax cut payments to billionaires. Like clockwork.
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.
So who will be the next Luigi?
What's the second worst industry in America after health care?
I'm hedging my bets on a Mario. Let's a go! 🎲🎲
If someone Luigi's him, they better spell his name wrong on the bullets.
that's very witty, well done
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.
That fullstop is confusing matters.
Gets invited to meeting with manager. Employee orders coffee for the meeting Manager says, his coffee will be "To Go"
I work at a bakery (we’ve got snacks, coffee, cake, and danishes in addition to bread), and every once in a while I see two people come in and it’s not clear if they’re on a date until they disagree about whether it’s for here or to go. Then I realize that only one of them thought it was a date. It’s especially awkward if the one who did has already offered to pay for everything.
Doing that for a job instead of a date is brutal
That's fucking cold
I haven't seen someone with so punchable face
I don't know why people think large companies aren't allowed to get rid of people when they want to? And especially Starbucks, it's shit-work, not a 20y long career maker.
To the company it is "an adjustment." To those people, it can be a devastating loss of healthcare, of the money they use to pay for food and shelter, and even an identity crisis. Starbucks has all sorts of positions, ranging from seasonal part time employees, to store management that gets paid pretty well, to corporate employees that presumed they were in 20y career trajectories. Every single one of them deserves better than losing their job just to pay for a big bonus for one guy.
It's not about whether they are allowed or not. It's that actions should have consequences but the modern corporate structure has so divorced leadership from the consequence of their actions that this is normal. Let me rephrase: Hurting people to pump your personal wealth is not just normal, it's expected. That's sick.
It's not like individual locations determined they're overstaffed or something. The CEO is just blanket firing people because it makes some numbers look more gooder on some spreadsheet.
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?