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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
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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.
- 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.
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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.
If consumers had any taste, McDonald's would have gone out of business decades ago.