/r/starbucks attempts economics

The new Starbies CEO (the guy who turned Chipotle from $200 million net profit/year to $1.2 billion) got a $113 million sign-on bonus. Let's see what the smartest Redditors at /r/starbucks have to say about that:

God he looks like a smug little butthole. He has a very punchable face.

I literally want to shatter my phone screen just looking at this picture.

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Remember baristas... Starbucks has millions of dollars to spend on this guy but not millions of dollars to spend on your hours and payroll!!

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For some reason a watch enthusiast chimes in with a wall of text that I'm not reading:

Why would he wear a Rolex Daytona in this photo? It's a $30,000 watch. Who does he need to impress at this point? His employees make peanuts. Insane.

He's a VIP consumer. He was probably able to get it at MSRP. And while yes, it's a very expensive—even at MSRP— and completely unnecessary "thing," a Daytona isn't really a timepiece to impress/flex. Crazy as it is to say: in the watch world, Rolexes, especially these steel models, are entry level. The kinds of pieces to "impress/flex" are easily 10x a Daytona's market prices. YouTube search "watches worn at Paul Rubin's White Party" if you want to get really disgusted at the money being thrown around on and wasted on stupid bullshit. Now, all that being said, I personally agree with the essence of your observation. I believe the ultimate flex would be having the ability/money to wear such an ostentatious watch or piece of jewelry but choosing something understated just because it means something to you. E.g. Prince William only wears an Omega Seamaster that his late mother gifted him. It's like a 1k watch. Even wore the thing at his wedding. I'm not a fan of the Royal Family by any means, but that's classy AF.

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to be fair, he did 10x chipotle stock and gave investors a 50:1 stock split. if he can work something similar here, well worth it. [-13]

/r/starbucks is such a low quality subreddit that even the rational users write in all lower case.

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I don't gaf about shareholders i want to own a house!! Fricker!!!!

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That sign-on bonus could alternatively have been allocated to staff wages. It would have given every partner in the world an $8 wage, raising my wage at the very least to $24 an hour, a far more comfortable wage to be living at. They could give you more staff and more wage, they just don't want to.

This is lowkey delusional lmao

Ignore that fact that most of that 113 million is gonna be non liquid stocks.

Assuming the CEO get $0, 113 million / 381000 workers means every single person get like......only 300 dollars.

8 dollar wage increase is like an extra 3 BILLION alone after a single year, and I'm assuming everyone only works 20 hours.

113 million is only enough to give every single worker an extra 8 dollar per hour for like 2 weeks, you can't be serious.

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I've got a guillotine in my garage, should we put it to use?

I've been saying we need to bring back guillotines for yeeears lol please 🙏

This is who wants to use guillotines: https://old.reddit.com/user/Analog_Retentive95/submitted/. It would be a shame if someone reported her to Starbies corporate...

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Smug looking sockcucucker!! It won't last long. Chipotle isn't Starbucks. Not a lotta corners to cut in overpriced butt coffee. The gimmicks just up. When one cup of coffee costs as much as 16 K cups. Cmon now. A weeks worth of coffee you can buy the dern Keurig. Screw'em. #NotACoffeeSnob