Posted
On Oct. 25, the justices said they would decline to hear an appeal by the Walt Disney Co. in a long-running class-action lawsuit that alleged Orange County’s largest employer was wrongfully skirting a living-wage ordinance passed by Anaheim voters in 2018. The decision cemented a July appellate court ruling that found the law indeed applied to Disney’s two Anaheim theme parks and resort workforce.
Read more from The LA Times.
Sure, The McDonald’s Corporation is doing well, financially, but the franchise owners are the ones paying these people to work, paying for food and supplies (which vary in price based on local suppliers and markets, I’m sure) and paying to keep the lights on and the fryers going - also utilities vary by market, so the wage increase impacts THEM. It never really is as black and white as you’d like to think.
Just so I'm clear, the rules of stuff to be mad at corporations for include:
I would like a definition for all the quoted terms above. Exact numbers only.
Raven-Phile:
and paying to keep the lights on and the fryers going
But who’s in charge of the ice cream machines? That’s what I need to know.
Jeff:
Are there actual evil executives? I'm sure there are. There are terrible front line workers too.
Just wanted to point out that I love this.
Most of you know what my wife does. She pretty much exemplifies this:
Jeff:
Most, the best of them, wanted to figure out how to enable the people that work for them, not oppress them. That's absurd.
I'll never get the idea that someone hasn't earned their compensation.
Vater:
I would like a definition for all the quoted terms above. Exact numbers only.
I do, however, think I'm God's gift to the common CoasterBuzzer.
I generally "feel bad" about CEO pay, but I can't really make a good argument against it and I think Jeff and Gonch do make good points. In some ways, "If the free market decides that's what their worth, then that's what their worth." See: Pro athletes, musicians, actors, other celebrities etc.
But it does really make me wonder what a CEO does that's so important that it's worth $25M/year. Is it just an indication of the amount of leverage that each of their decisions has over the value of the company or is there really $25M worth of skill and talent being expressed by one human?
Hobbes: "What's the point of attaching a number to everything you do?"
Calvin: "If your numbers go up, it means you're having more fun."
RCMAC:
But who’s in charge of the ice cream machines? That’s what I need to know.
Probably those evil, good for nothing CEOs.
ApolloAndy:
But it does really make me wonder what a CEO does that's so important that it's worth $25M/year. Is it just an indication of the amount of leverage that each of their decisions has over the value of the company or is there really $25M worth of skill and talent being expressed by one human?
Skill could be argued in some rare instances, but CEO's aren't inherently more skilled, just look at our boy Elon sinking companies and screwing around, what makes him so special to get compensated in the manner he does? CEO's should make more than a frontline worker, obviously because they do require a larger skillset, but in no way should that skillset be compensated in the manner it is. Maybe somewhere in the hundreds of thousands is more than suitable.
According to whom? That's what Vater was asking... who decides how much is "enough?"
Elon is not simple. He's definitely an asshole (and I hate to even say that about someone not neurotypical), but to suggest that he's not intelligent and skilled is absurd. Twitter not withstanding, his outcomes are hardly by accident.
Jeff - Editor - CoasterBuzz.com - My Blog
Jeff:
"Are there actual evil executives? I'm sure there are."
Google "Every Airline executive not named Herb ever."
Raven-Phile:
"But who’s in charge of the ice cream machines? That’s what I need to know.
Probably those evil, good for nothing CEOs."
From my 30 years ago experience at Fast Food and a son who has worked at a few different Fast Foods, it's actually the evil, good for nothing, underpaid front line workers. Those machines are so problematic, to the point of nobody wants to bother running them.
Tommytheduck:
Google "Every Airline executive not named Herb ever."
That's cute. Herb Kelleher definitely had an endearing style, but make no mistake, it was all about the money. Just like every other CEO that's worth their weight.
Of course. We say that all the time here on CB and it's true. Businesses exist to make money. But Herb figured something out that didn't exist in the airline world at the time. Treat your employees right, and they'll return the favor in spades.
I've worked for 2 airlines now for over 24 years, but I'll spare you my life's story. I tried like hell to work for SWA, but got the TBNT a long time ago. SWA no longer treats their employees like they did in the past, and the 737 is a steaming pile of garbage, but it still would have been nice to get that job.
I had 13+ years at SWA (I only left because the jobs I wanted were in Dallas and I couldn’t relocate, so I had to look elsewhere for career growth), and I have a very different take. I have nothing but good things to say about working there. I know some people feel differently, and there were some things that obviously could have been handled better/differently over the years, but having Gary Kelly in place for during, among other things, the 2008 financial crisis and then the COVID pandemic, was a blessing beyond words. Far lesser CEOs would have, and often did, cut staffing left and right.
13 Boomerang, 9 SLC, and 8 B-TR clones
It's endlessly fascinating how one's experience influences their opinion.
Jeff - Editor - CoasterBuzz.com - My Blog
Oh, absolutely. When you are labor in an industry where management hates labor, you tend to feel animosity because, well, management hates labor. I love doing my job, working for the most hated airline in America, but I still don't like our management, or tbh, our union leadership right now. And I think that if Santa Claus himself became CEO that I would still be suspicious of everything that comes out of his mouth.
As for my implied perception of SWA, I hope I wasn't misunderstood. I've always admired the company. It was only very recently that SWA "gave up on Herb's vision." At least that's what I'm hearing from my peers. Now they are treated no differently than any other airline employee and many are leaving what was once a career destination for better employment.
But the 737 is still a steaming pile of feces, whether I got the job or not. ;)
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