Financial Times:
Starbucks slid to its first quarterly loss as a public company on Wednesday as charges related to its decision to close more than 650 cafés wiped out profits at the biggest US coffee shop chain.
The report came a day after Starbucks reshuffled its top management team and announced that it would increase to 13,000 the number of jobs to be cut by the company as part of a shake-up launched in January by Howard Schultz, chief executive.
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13,000 or 1300 I would be willing to bet good money that the CEO's did not lose a penny in salary or bonus payments.
Stopped buying Starbucks over the tip jar revelation.
look how California Gov Arnold treats their employees.
they make Wall Mart look good
TIME TO PUSH BACK=STRICK ---- you can also use the pocket book vote
Honestly! I recommend all conservatives here write a check and send it to Starbucks.
We are being way too shortsighted on this issue.
When this company goes under there will be millions of liberals wandering the streets, caffeine deprived and even bitchier than usual.
Rather have a bitchy liberal than a smiling Republican stealing you blind and getting us into an trillion dollar unnecessary war.
GOOD!
It's sad that people have lost jobs, but Starbucks is overpriced dirt.
That's what you get for putting your shops on every freaking corner of every known city, town, burgh.
Your waistlines will thank you!
*
did you hear that? (I am whispering now) 1300 jobs?
13,000?
shhhhhhhh
Boo... Hoo...
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First Posted: 07-30-08 09:29 PM | Updated: 08- 7-08 05:12 AM