That's $96,000 per layed off worker
this post was submitted on 12 Mar 2025
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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.
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 don't get it. We did not let kings and lords and counts keep their belongings. Why are we treating this scum any different?
In the time of kings and lords, it got way, way worse than this.
Not saying we should wait that long now, just saying.
Starbucks gives the new CEO a $96 million bonus, then a month later, lays off 1,000+ ~~workers~~ Potential Luigis.
FTFY.
We wish
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.
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.
Don't use Starbucks anymore. It's American
Don't use Charbucks anymore. It's shit coffee
So he literally stole their salaries. We can't put up with millionair ceos anymore, it needs to be outlawed..
There ain't no smile in those eyes. Creepy AF.
Mr. Beast smile
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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So weird to pay someone that much.
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.
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.
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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