CSNbbs

https://www.cnbc.com/2018/01/24/starbuck...taxes.html

Quote:Starbucks will use some of the savings from the new U.S. corporate tax cuts to give domestic employees pay raises, company stock and expanded benefits with a combined worth of more than $250 million, the company said on Wednesday.

With the announcement, the world's biggest coffee chain joins companies like Walmart, Apple, Comcast, and American Airlines in sharing their tax savings with employees.

Quote:"Investing in our partners has long been our strategy, and due to the recent changes in U.S. tax law, we are able to accelerate some significant partner investments," Chief Executive Kevin Johnson said in a letter to employees.

Quote:Seattle-based Starbucks said it will give hourly and salaried employees, who received pay raises in January, a second wage increase in April.

It is giving additional stock grants to eligible employees on April 16. Coffee shop workers will receive a grant of at least $500 and store managers will receive $2,000 grants.

All this #winning is becoming exhausting.

Even the whiny baristas are getting Trumped.


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Suprised they credited the corporate tax cuts. Isn't the CEO of Starbucks a hardcore leftist?

(01-24-2018 12:45 PM)CliftonAve Wrote: [ -> ]Suprised they credited the corporate tax cuts. Isn't the CEO of Starbucks a hardcore leftist?

Man is so liberal said he hated voting for Bernie cause he was too conservative.

Before anyone asks me to link up. It's a joke.

Damn I've been hacked.

(01-24-2018 12:45 PM)CliftonAve Wrote: [ -> ]Suprised they credited the corporate tax cuts. Isn't the CEO of Starbucks a hardcore leftist?

When push (virtue signaling) comes to shove ($$$), you know what wins out.

You know it will be really interesting to see how wages track to inflation in 2017... Is this just "crumbs" or will we see, for the first time in awhile, a bump of wages and purchasing power for the American public.

(01-24-2018 12:45 PM)CliftonAve Wrote: [ -> ]Suprised they credited the corporate tax cuts. Isn't the CEO of Starbucks a hardcore leftist?

You're probably referring to the founder Howard Schultz, who resigned as CEO last year. It seems he leans that way from what I know of him. I just listened to the How I Built This podcast episode where he detailed the history of Starbucks; the host implied at the end that some have speculated him stepping down may be a prelude to him looking into a 2020 presidential run.

I probably don't agree with his politics, though I still respect the guy for voluntarily compensating his workers well. Apparently his dad was a working class guy who suffered a bad injury during a construction job and didn't get any insurance or workman's comp, hence why he's felt so strongly about giving insurance for his workers. They've obviously been able to make it work into their business model, kudos to them even if I don't really drink their coffee.

So the snowflakes working at Starbucks are going to personally experience what winning feels like.

(01-24-2018 09:31 PM)usmbacker Wrote: [ -> ]So the snowflakes working at Starbucks are going to personally experience what winning feels like.

Yet they'll see it as something they earned and would've gotten anyway without Trump's tax cuts.

(01-24-2018 02:44 PM)Bull_Is_Back Wrote: [ -> ]You know it will be really interesting to see how wages track to inflation in 2017... Is this just "crumbs" or will we see, for the first time in awhile, a bump of wages and purchasing power for the American public.

the only inflation you'll begin to notice (IMO) will be housing values increase in the midwest and south......

you're going see deflation on the west coast and NE.......

retail inflation is dead.....too much competition

fuel and food are stable.....

who'd a thunk it....

(01-24-2018 09:49 PM)gdunn Wrote: [ -> ]

(01-24-2018 09:31 PM)usmbacker Wrote: [ -> ]So the snowflakes working at Starbucks are going to personally experience what winning feels like.

Yet they'll see it as something they earned and would've gotten anyway without Trump's tax cuts.

Oh, that is a given. To them the tax cut is Armageddon.