Make a statement and just not show up. people should not be treated like disposable toys. You all need to grow some Self respect and not allow no one treat you like this. you have infinite value . Perhaps others in other sectors will catch on .
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It's a house of cards.
Sounds like they are trying to stop a buy out "heads up" .........
Nearly everyone at my store would walk out if we weren't already using all our PTO to pay our obligations the last couple months. We're all desperate for money - They have us right where they want us.
Of course that's in addition to his regular salary and bonuses! According to CNBC: "Whole Foods responded to declining sales and increasing expenses by taking cash and using it to buy back $1 billion in stock, and then borrowing up to $1 billion more to repurchase even more shares." And what does that achieve? It props up the stock price a bit (although that's a stopgap) which allows big insiders to get out. Then it holds those shares and issues options on them to executives and other eligible recipients in executive roles -- basically, MANAGERS at the global, regional and store level. Think of it as perfectly legal Walter Robb-ery of the corporate treasury. Whether or not a recipient exercises an option to purchase, they are extremely valuable. Shared fate? Not quite. Heads they win, tails we lose. BTW repeatedly making excuses, missing earnings expectations and handing out million$ in options doesn't make you a lot of friends on Wall Street.
1.6M for a CIO - that's stupid
Chief Information Officer/Exec VP Jason Buechel was handed $1.6 million worth of stock options on 11/6. Whether the stock was bought with precious cash, borrowed money or created out of thin air by issuing more shares (something they'll prob end up doing down the road), this gift is NOT free. My guess is that the handouts will only be ramped up. Spread the word guys. The customers and TMs are being screwed and Wall Street is not impressed with this behavior either. Said Jim Cramer on Mad Money: "Do you really think buying back tons of stock is a great use of capital when you have underinvested (in technology) and (have admitted that you) need to get back to basics?" DUH! How can you justify borrowing a billion dollars when we still have freakin' IRMA for crying out loud? From CNBC: Whole Foods openly admitted on its conference call that it needed to get back to basics. Analysts then questioned what the heck the company has been doing that is not basics. One analyst even pointed out that the new attempts to fix (legacy) point of sale systems and loyalty programs just two years ago haven't succeeded. Yet the stock remains more expensive compared to earnings than most of its competition. Cramer couldn't help but to be reminded of Walmart, which also used the approach of announcing a buyback to gain investor loyalty. He wondered if announcing a buyback is really a good use of capital at a time when the company should be using every penny to fend off competition and reinvent itself. He also suggested that the money could be used to help lower prices at Whole Foods.
Cool post bro
It would be hard to get the other prisoners to want to leave their shackles, but it is worth an effort...