So he literally stole their salaries. We can't put up with millionair ceos anymore, it needs to be outlawed..
this post was submitted on 12 Mar 2025
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I guess it’s a good thing I make my own coffee at home. Bonus! It doesn’t taste like burnt bean water!
Friendly reminder, comrades: There is no such thing as a good billionaire. From the East to the West, they are humanity's enemy.
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Starbucks gives the new CEO a $96 million bonus, then a month later, lays off 1,000+ ~~workers~~ Potential Luigis.
FTFY.
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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.
Should be 30 :1 on whichever is lower average or median salary and contractors count if they perform core business functions/work on location.
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This is the guy that commutes from LA to Seattle on a private jet?
Yeah, same guy who fired nearly everyone at the Chipotle corporate office in Denver so he didn't have to commute.
I'm just amazed no one goes Luigi when shit like that happens...
That's.....man I hope you're wrong as that's awful.
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.
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.
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.
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
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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."
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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.
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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
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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”.
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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.