this post was submitted on 21 Aug 2024
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Work Reform

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[–] kat_angstrom@lemmy.world 140 points 11 months ago (4 children)

I don't understand why they think he's worth this much money and effort when by all accounts Chipotle is a shell of its former glory

[–] dohpaz42@lemmy.world 83 points 11 months ago (1 children)

This is the only metric that boards care about when hiring CEOs:

[–] Serinus@lemmy.world 46 points 11 months ago (3 children)

It won't last. It just takes awhile for consumers to figure out that your product is now shit.

Most people aren't visiting every day to notice the price increases or the quality decreases. And the first or second time it's often written off as just an outlier.

Of course there's variance per customer, but it takes a couple years before you really earn the shitty reputation of something like Dominos circa 2014. In the meantime, line looks like this before it drops. And by that time you're CEO of a different company.

[–] lanolinoil@lemmy.world 15 points 11 months ago (1 children)

you underestimate how corrupt, short term and opportunist the markets are I think

[–] kautau@lemmy.world 11 points 11 months ago

Yeah it’s like a big cult, the real market doesn’t matter to anyone, they just rotate CEOs when that hits. It’s always and forever about next quarter growth, nothing else matters.

[–] Cornelius_Wangenheim@lemmy.world 7 points 11 months ago

If consumers had any taste, McDonald's would have gone out of business decades ago.

[–] slaacaa@lemmy.world 7 points 11 months ago

They don’t care about long-term, line must go up now. If he can do a similar stock price pump in the next few years to Starbucks by cost cutting and some bullshit projects, they will be rich and happy.

[–] KillingAndKindess@lemmy.blahaj.zone 51 points 11 months ago (1 children)

Cause gutting doublebucks is the plan

[–] Botzo@lemmy.world 32 points 11 months ago (1 children)

Absolutely. Jack Welch's rotting corpse requires further tributes. The product isn't what matters, just the line going up.

[–] Retreaux@lemmy.world 15 points 11 months ago (1 children)

The Behind the Bastards episodes on this dickbag is a solid listen.

[–] KreekyBonez@lemm.ee 4 points 11 months ago (1 children)

solid like a fresh, crunchy cool ranch dorito

[–] forrgott@lemm.ee 1 points 11 months ago

Umm....what??? Lol

[–] Vent@lemm.ee 35 points 11 months ago

Chipotle failed to unionize and I bet short term profits are up.