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Now another corp....

TSR

Well-known member
Just now while watching CNN Mr. Howard Schultz, Starbucks CEO said we have to start giving something back to America even if it means less profits.Maybe now Ben and Jerry's have a partner. :D Now he wasn't exactly praising Obama but at least he seemed to be concerned about America. Hats off to him. He said the culture of America can't be solely focused on profitability but the wealth should be spread among America. (paraphrased)
 

Steve

Well-known member
More layoffs expected at Starbucks

Another big round of layoffs is expected at Starbucks, possibly 1,000 people — a third of its headquarters employees — and some district managers and field employees, according to an e-mail sent to a stock brokerage's customers Friday.

"The cuts might be next week or in February," wrote Diane Daggatt, a managing director at McAdams Wright Ragen in Seattle.

Starbucks declined to comment on possible layoffs. The Seattle coffee company releases its first-quarter results on Wednesday.

That will be a relief to dispirited workers who have begun to question changes at the store level since Howard Schultz reclaimed the CEO spot one year ago this month.

At first inspired by Schultz's return to the helm, they wonder now where Starbucks is headed. Many fear for their jobs

The Seattle coffee company slashed more than 2,000 jobs last year, including 1,000 in July that included 180 positions in Seattle. At that time, about 3,500 people worked at its headquarters.

It did not disclose how many people lost jobs when it closed the U.S. stores, except to say that 300 workers from the first 50 closures were not reassigned to other locations.

"They have us cornered," said one East Coast store manager who asked not to be named. "They know the economy is bad right now, and we can't afford to walk out."

He ticked off a list of disappointments, from changes that make it harder for managers to earn bonuses, to a cut in hours that makes it harder to train baristas and keep stores clean.

Then there are the mixed messages from corporate,

Starbucks has decided not to guarantee a 401(k) match for employees this year.

Is Starbucks planning more layoffs?

Last March, I estimated that it was slashing roughly 18,400 jobs in the U.S.

Since then, it has laid people off in smaller groups, often without making a public announcement.

... yep if some of the little people go.. he can make more ...

CEO compensation: Starbucks' Schultz joins $50M-plus club

Schultz received compensation valued at $16 million, plus a special retention award valued at $12 million. He also exercised stock options for another $40.8 million, according to Starbucks (SBUX) annual proxy statement filed Thursday.

Before that, in 2010, Schultz pulled in about $46 million, including $24.7 million by exercising stock options.
 

Mike

Well-known member
Starbucks CEO said we have to start giving something back to America even if it means less profits

I hope these idiots realize that they can write a check and "Give Back To America" most any day of the week. I'll guarantee if they write a check to the Dept Of Treasury, Geithner will accept it. :roll:

P.S. Still wondering why Warren Buffet doesn't just pay the millions in taxes he owes?????????
 

Faster horses

Well-known member
Mike said:
Starbucks CEO said we have to start giving something back to America even if it means less profits

I hope these idiots realize that they can write a check and "Give Back To America" most any day of the week. I'll guarantee if they write a check to the Dept Of Treasury, Geithner will accept it. :roll:

P.S. Still wondering why Warren Buffet doesn't just pay the millions in taxes he owes?????????

Warren Buffet: Do as I say, not as I do kinda guy. :D
 
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