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 post was submitted on 12 Mar 2025
890 points (99.8% liked)
Work Reform
11072 readers
1039 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 2 years ago
MODERATORS
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+ ~~workers~~ Potential 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
In the time of kings and lords, it got way, way worse than this.
Not saying we should wait that long now, just saying.
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.
Friendly reminder, comrades: There is no such thing as a good billionaire. From the East to the West, they are humanity's enemy.
Had to get the money from somewhere. Just like Trump. Fire a bunch of workers for the tax cut payments to billionaires. Like clockwork.
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.
So weird to pay someone that much.
view more: next ›