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Starbucks’ new CEO faces backlash over 1,000-mile commute to Seattle office
(www.theguardian.com)
this post was submitted on 21 Aug 2024
390 points (98.8% liked)
Work Reform
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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.
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- Better and fewer working hours.
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I don't understand why they think he's worth this much money and effort when by all accounts Chipotle is a shell of its former glory
This is the only metric that boards care about when hiring CEOs:
It won't last. It just takes awhile for consumers to figure out that your product is now shit.
Most people aren't visiting every day to notice the price increases or the quality decreases. And the first or second time it's often written off as just an outlier.
Of course there's variance per customer, but it takes a couple years before you really earn the shitty reputation of something like Dominos circa 2014. In the meantime, line looks like this before it drops. And by that time you're CEO of a different company.
you underestimate how corrupt, short term and opportunist the markets are I think
Yeah it’s like a big cult, the real market doesn’t matter to anyone, they just rotate CEOs when that hits. It’s always and forever about next quarter growth, nothing else matters.
They don’t care about long-term, line must go up now. If he can do a similar stock price pump in the next few years to Starbucks by cost cutting and some bullshit projects, they will be rich and happy.
Cause gutting doublebucks is the plan
Absolutely. Jack Welch's rotting corpse requires further tributes. The product isn't what matters, just the line going up.
The Behind the Bastards episodes on this dickbag is a solid listen.
solid like a fresh, crunchy cool ranch dorito
Umm....what??? Lol
Chipotle failed to unionize and I bet short term profits are up.
Fascinating
I keep hearing it's much worse than it used to be, profits regardless
It entirely depends on which Chipotle you walk into on what day at what time. Their ingredients are still good. There's just no consistency. It was never cheap, but at least it's still (usually) a lot of food.