Work Reform

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!

So he literally stole their salaries. We can't put up with millionair ceos anymore, it needs to be outlawed..

This is the guy that commutes from LA to Seattle on a private jet?

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.

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?

Don't use Starbucks anymore. It's American

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 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.

That's $96,000 per layed off worker

96 million could pay the salaries of basically 2000 baristas

There's absolutely no way he's adding enough value compared to Joe MBA to justify that compensation.

Friendly reminder, comrades: There is no such thing as a good billionaire. From the East to the West, they are humanity's enemy.

So who will be the next Luigi?

There ain't no smile in those eyes. Creepy AF.

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.

Looks like Luigi got another flag to reach

Starbucks gives the new CEO a $96 million bonus, then a month later, lays off 1,000+ ~~workers~~ Potential Luigis.

FTFY.

So weird to pay someone that much.

If someone Luigi's him, they better spell his name wrong on the bullets.

Gets invited to meeting with manager. Employee orders coffee for the meeting Manager says, his coffee will be "To Go"

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.

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.

I haven't seen someone with so punchable face