DIRS.INFO The most relevant business & tech news

☆ Gary Vaynerchuk to managers: Forget a 4-day workweek. If you want to make your people happy, fire the jerks.
▼ + stars: | 2023-04-06 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

Gary Vaynerchuk said companies should fire the "assholes" creating "toxic" work environments. He has also said recently that companies need to appeal to Gen Z better, given their many work options. In TikToks posted this week, Vaynerchuk railed against "toxic work environments," slamming companies for retaining employees and management that compromise the "joy" of their staff members. "Joy doesn't come from four-hour workweeks," Vaynerchuk said in one video, seeming to reference the current movement for a four-day workweek. And Vaynerchuk is betting that people also want to be treated right while on the clock.

☆ Senators ask 27 CEOs to make sure their companies comply with child labor laws
▼ + stars: | 2023-04-05 | by ( Laura Strickler | ) www.cnbc.com time to read: +7 min

The company entered into an agreement with the agency pledging compliance with child labor laws and consented to third-party oversight. This is the second Senate inquiry citing NBC News reporting on child labor. JBS has zero tolerance for child labor, discrimination or unsafe working conditions for anyone working in our facilities. In a local newspaper editorial, Hearthside CEO Darlene Nicosia wrote the revelation of child labor was "a shock and major disappointment to us." Hearthside is in the midst of a 60-day independent review of child labor practices by an outside law firm, according to a spokesperson.

☆ Starbucks union is using billboards, a brass band and a butter sculpture to pressure board members from Nike, Land O'Lakes and Lego
▼ + stars: | 2023-04-04 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Starbucks union organizers are stepping up pressure on individual members of the company's board. Leaders at Nike, Lego, and Land O' Lakes were targeted using billboards, a movie trailer, a brass band, and even a butter sculpture. The push comes a week after shareholders voted in favor of an investigation into Starbucks' labor practices. Meanwhile, in Los Angeles and online, a Lego Movie-styled trailer premiered with the aim of enlisting Lego President Jorgen Vig Knudstorp to join the side of Starbucks workers. And now, those tensions are spilling over to other companies as the union targets Starbucks' board of directors.

☆ Chicago mayoral election live results: Brandon Johnson and Paul Vallas face off in runoff election
▼ + stars: | 2023-04-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Brandon Johnson and Paul Vallas are facing off in the Chicago mayoral runoff election. The winning candidate will succeed Mayor Lori Lightfoot, who was the third-place finisher in the initial Feb. 28 mayoral election behind Vallas and Johnson, respectively, missing her chance to compete in the runoff. Garcia came in fourth place in the February mayoral election; in 2015, he was also a mayoral candidate, forcing then-Mayor Rahm Emanuel into a runoff election, which he eventually lost. According to the Illinois State Board of Elections, Vallas raised $6.4 million in the lead-up to the initial February mayoral election and has raked in at least $10.9 million since March 1. Johnson raised nearly $4 million before the February election and has taken in at least $5.8 million since March 1.

☆ Biden could protect student-loan borrowers from being stuck with useless degrees and a lot of debt by bringing back a rule Trump ditched, progressive lawmakers say
▼ + stars: | 2023-04-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

It included reinstating and strengthening the gainful employment rule, which protects student-loan borrowers from unaffordable debt post-graduation. Biden delayed implementation of the rule until 2024 and is expected to put out a proposal this month. "The Gainful Employment rule is a cornerstone of our ambitious regulatory agenda," the spokesperson said. Along with reinstating gainful employment, lawmakers and advocates have also called for the executives of for-profit schools to be held liable for costs when the school shuts down, rather than taxpayers and borrowers. Now, lawmakers and advocates await the department's gainful employment proposal.

☆ Starbucks union pressures board members with billboards, posters – and a butter sculpture
▼ + stars: | 2023-04-03 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Nearly 300 company-owned Starbucks cafes have voted to unionize under Workers United, according to National Labor Relations Board data. Starbucks Workers United is deploying a butter sculpture, brass band, billboard and movie posters to put pressure on the coffee chain's board to accept the union. Beth Ford, chief executive officer of Land O'Lakes Inc. (L), and a butter sculpture of land o'lakes her. In the hopes of speeding up the process, just outside of Minnesota's Twin Cities, Starbucks workers will deliver a butter sculpture of Ford to Land O'Lakes' headquarters. "Community allies" will also take part, according to Starbucks Workers United.

☆ Starbucks fires Alexis Rizzo, the Buffalo union worker who 'ignited a movement' to organize
▼ + stars: | 2023-04-02 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Starbucks has fired a Buffalo, New York, worker who “ignited a movement” from one of the first stores in the coffee chain to unionize, Starbucks Workers United said Friday. Alexis Rizzo had been shift supervisor at the Genesee Street store in Buffalo for 7 years, the union said. “This is retaliation at its worst,” a statement from Starbucks Workers United said. Nearly 300 locations have voted to join Starbucks Workers United. “What is outrageous to me is not only Starbucks’ anti-union activities and their willingness to break the law, it is their calculated and intentional efforts to stall, stall and stall,” Sanders said during the hearing.

☆ Starbucks fired the worker who led unionization movement, just days after former CEO grilled by Congress
▼ + stars: | 2023-04-02 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Rizzo sparked what has become a nationwide labor movement when she worked to unionize two Starbucks stores in Buffalo, New York. Alexis Rizzo, the Buffalo-based Starbucks worker who began the Starbucks Workers United campaign, was fired after seven years with the company, Starbucks Workers United tweeted Saturday. In an interview with CNBC, Rizzo said she was fired after her shift Friday, and that managers cited four times she was late for work. —Starbucks Workers United (@SBWorkersUnited) April 1, 2023Rizzo's firing follows former Starbucks CEO Howard Schultz's recent appearance before Congress, where he was questioned by senators over alleged widespread union busting. Starbucks Workers United posted a GoFundMe page for Rizzo Friday, pulling in nearly $7,000 for Rizzo in a day.

☆ Starbucks fired the employee responsible for igniting the Starbucks Workers United union campaign
▼ + stars: | 2023-04-01 | by ( Ashley Capoot | ) www.cnbc.com time to read: +4 min

Starbucks fired Alexis Rizzo, the employee responsible for igniting the Starbucks Workers United union campaign, just days after the company's former CEO Howard Schultz testified on Capitol Hill about the coffee chain's alleged union-busting, CNBC confirmed. Starbucks Workers United announced Rizzo's termination in a tweet Saturday and said in a corresponding GoFundMe page that "this is retaliation at its worst." It was like my family," Rizzo told CNBC in an interview. Schultz faced a volley of tough questions from Sen. Bernie Sanders Wednesday about Starbucks' labor and union practices. Nearly 300 Starbucks cafes have voted to unionize under Starbucks Workers United, according to data from the National Labor Relations Board.

☆ Social Security is in jeopardy of cutting benefits in just a decade, and no one's stepping in to fix it
▼ + stars: | 2023-03-31 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The latest Social Security and Medicare Board of Trustees report lays out estimates for both programs. The trustees find that Social Security will be unable to pay full benefits in about 10 years. Importantly, that doesn't mean that, past 2033 or 2034, there will be no Social Security benefits or the program will be bankrupt. "House Republicans are determined to cut Social Security and Medicare," House Minority Leader Hakeem Jeffries wrote on Twitter on Wednesday. "With informed discussion, creative thinking, and timely legislative action, Social Security can continue to protect future generations."

☆ Former Starbucks CEO Howard Schultz, worth $3.7 billion, was annoyed when lawmakers called him a billionaire
▼ + stars: | 2023-03-30 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Former Starbucks CEO Howard Schultz was offended at being called a billionaire during a Senate hearing. The Senate on Wednesday probed Starbucks' treatment of unionized employees. The Senate committee was probing Starbucks' treatment of unionized employees. Schultz, was the chairman and CEO of Starbucks from 1987 to 2000, from 2008 to 2018, and as interim CEO from 2022 to 2023. "That's why Starbucks doesn't need a union," Schultz said.

☆ Airline, banking and rail oversight top U.S. progressives' wish list for Biden
▼ + stars: | 2023-03-30 | by ( Moira Warburton | ) www.reuters.com time to read: +3 min

REUTERS/Jim VondruskaWASHINGTON, March 30 (Reuters) - Liberal Democrats in the U.S. Congress called on President Joe Biden on Thursday to take executive action to crack down on misconduct in the banking, airline and rail transportation industries. The caucus, made up of 101 U.S. House Democrats and independent Senator Bernie Sanders, has grown in influence in recent years under Representative Pramila Jayapal's leadership. "These are actions that we believe the White House and federal agencies have the authority and the ability to take now," Jayapal told reporters on Thursday. With the House of Representatives narrowly controlled by Republicans and the Senate narrowly controlled by Democrats, progress on legislation is increasingly rare, leading presidents to rely more heavily on executive action. Biden's Democratic administration has taken the caucus's advice on multiple occasions, most notably on canceling student debt through executive action.

REUTERS/Julia NikhinsonWASHINGTON/NEW YORK, March 29 (Reuters) - Starbucks' former Chief Executive Howard Schultz defended himself and the coffee chain against allegations of "union busting" at a U.S. Senate committee hearing in Washington on Wednesday. Senator Bernie Sanders, Chair of the Senate Health, Education, Labor, and Pensions Committee, told Schultz that "Starbucks has waged the most aggressive and illegal union busting campaign in the modern history of our country." "These are allegations and Starbucks has not broken the law," Schultz told Sanders during the hearing. His return to Starbucks as its interim leader in April 2022 was "95% focused on the operations of the business" and his involvement in the company's union strategy has been "de minimis," Schultz said. Republicans defended Schultz, praising the company's competitive wages, health benefits, employee stock purchase program and other benefits.

[1/2] Starbucks Chairman and CEO Howard Schultz looks on during its Annual Meeting of Shareholders in Seattle, Washington March 21, 2012. Senators blasted ex-Starbucks Chief Executive Howard Schultz on Wednesday over the company's "union busting" when he was at the helm. Starbucks has denied allegations that it illegally fired pro-union baristas or spied on workers as hundreds of stores organized unions starting in late 2021. "These are allegations and Starbucks has not broken the law," Schultz told Sanders during the hearing. His return to Starbucks as its interim leader in April 2022 was "95% focused on the operations of the business" and his involvement in the company's union strategy has been "de minimis," Schultz said.

☆ Starbucks’s Howard Schultz Faces Tough Questions from Bernie Sanders About Union Talks
▼ + stars: | 2023-03-29 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

Longtime Starbucks Corp. leader Howard Schultz on Wednesday defended the coffee chain against accusations it has retaliated against pro-union workers who say they are seeking better pay and benefits. Mr. Schultz, testifying before a Senate committee, said the company has attempted to bargain with representatives of the Starbucks Workers United union in good faith. Any unionized employee disciplined by Starbucks was a result of violating company policies, not advocating for a union, he said.

☆ Bernie Sanders questions Howard Schultz on Starbucks' labor practices
▼ + stars: | 2023-03-29 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

New York CNN —Senator Bernie Sanders, who has roundly criticized former Starbucks CEO Howard Schultz over the company’s blatant attempts to shut down its own workers’ unionization efforts, will finally get to question Schultz during a Senate hearing Wednesday. It’s a relatively small number compared to the roughly 9,300 company-operated Starbucks stores in the United States. Howard Schultz at the Starbucks annual shareholder meeting in Seattle, Washington on March 22, 2017. “Starbucks respects the right of all partners to make their own decisions about union representation,” Schultz said. In prepared remarks for the hearing, Schultz argued that “Starbucks has engaged in good faith bargaining,” saying that delays are coming from the union.

☆ Sen. Sanders slams Starbucks' ex-CEO over alleged 'union busting'
▼ + stars: | 2023-03-29 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsSen. Sanders slams Starbucks' ex-CEO over alleged 'union busting'Posted"Over the past 18 months, Starbucks has waged the most aggressive and illegal union busting campaign in the modern history of our country," said Senator Bernie Sanders, Chair of the Senate Health, Education, Labor, and Pensions Committee, adding that its former CEO Howard Schultz led the company's anti-union campaign.

☆ Starbucks' Schultz and Bernie Sanders go head-to-head on Starbucks unions
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks' Schultz and Bernie Sanders go head-to-head on Starbucks unionsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. John Bryant, Operation Hope, founder and CEO; Andrew Yang, founder and CEO of Venture of America ; and Kevin O’Leary, CNBC contributor and O’Leary Ventures Chairman, discuss congressional testimony from former Starbucks CEO Howard Schultz.

☆ Starbucks is probably 'the best first job in America,' former CEO says as Congress probes the chain's treatment of unions
▼ + stars: | 2023-03-29 | by ( Aidan Pollard | Alex Bitter | ) www.businessinsider.com time to read: +5 min

Starbucks is "one of the best, if not the best, first job in America," former CEO Howard Schultz said. "Starbucks is probably one of the best, if not the best, first job in America." "It's unprecedented, and that's why Starbucks doesn't need a union," Schultz said. But Wednesday's hearing showed that some current and former Starbucks employees don't agree with that assessment. Jaysin Saxton, a former Starbucks barista who lost his job in August at a Starbucks in Augusta, Georgia, also spoke at the hearing.

☆ Bernie Sanders set to grill ex-Starbucks CEO Howard Schultz about alleged union busting
▼ + stars: | 2023-03-29 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

CEO of Starbucks Howard Schultz sits off stage to listen to soon to be Starbucks CEO Laxman Narasimhan at Investor Day in Seattle, Washington Tuesday September 13, 2022. Former Starbucks CEO Howard Schultz on Wednesday is likely to face tough questions from Sen. Bernie Sanders about the coffee chain's alleged union busting. Schultz stepped down from his post on March 20, handing the reins over to Laxman Narasimhan, who spent the prior six months learning about the company. After Sanders called for a vote on whether to subpoena Schultz, the former chief executive agreed to appear in front of the panel. Starbucks confirmed with the committee that Schultz, who stepped down from the top job earlier than expected, still plans to testify at the hearing, set for 10 a.m.

☆ Starbuck's ex-CEO started his Congressional testimony with an emotional story about his father. It was used against him.
▼ + stars: | 2023-03-29 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Former Starbucks CEO Howard Schultz told Congress about his father's work injury Wednesday. But Sen. Ed Markey used the anecdote to argue that Starbucks should respect unionizing workers. When Schultz was a child, his father slipped on ice and broke his foot while working as a driver, he said. Markey told the story of his own father, whom he said lost a finger in an accident at work. Starbucks told the Times that the remedies are "inappropriate."

Lawmakers grilled former Starbucks CEO Howard Schultz on the company's alleged anti-union practices. Sen. Bernie Sanders persuaded Schultz to testify after threatening to subpoena him. Starbucks workers and former employees also testified before the panel. Sen. Bernie Sanders, chair of the committee, persuaded Schultz to testify after threatening to subpoena him. Starbucks workers and former employees also testified before the panel.

☆ Elizabeth Warren wants Biden's Education Department to go beyond broad student-loan forgiveness and crack down on the institutions that cause borrowers' debt loads to spiral
▼ + stars: | 2023-03-27 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Sen. Elizabeth Warren sent a letter to the Education Department with recommendations to better protect student-loan borrowers. Biden's Education Department has reformed the borrower defense to repayment, which are claims students can file if they believe they were defrauded by the school they attended. In her letter, Warren urged Cardona to ensure predatory schools cannot receive federal aid. It aimed to prevent students from borrowing federal loans for programs they probably wouldn't be able to pay off. But in 2010, former President Donald Trump repealed the rule, and Biden's Education Department pushed off reinstating it until 2024.

☆ California Rep. Ro Khanna passes on Senate run and backs liberal icon Barbara Lee over Reps. Katie Porter and Adam Schiff: 'She stood up so strongly against the war in Iraq'
▼ + stars: | 2023-03-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Ro Khanna on Sunday announced that he's backing Rep. Barbara Lee in the 2024 California Senate race. The progressive congressman is endorsing Lee over fellow Democratic Reps. Katie Porter and Adam Schiff. Khanna during his announcement said that Lee would bring a "unique voice" to the upper chamber. Rep. Barbara Lee of California. Scott Applewhite, File"Barbara Lee is a unique voice," Khanna said.

☆ Starbucks shareholders to vote on proposals for labor probe, succession planning
▼ + stars: | 2023-03-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Shareholder votes aren't binding, so the board can reject proposals even if a majority of investors vote in favor. More than 190 company-owned Starbucks locations have voted to unionize under Starbucks Workers United, according to National Labor Relations Board data as of Friday. Members of a recently formed union of Starbucks workers hold a rally to celebrate the first anniversary of their founding, December 9, 2022 in New York City. Apple, unlike Starbucks, agreed to perform the assessment without waiting for a shareholder vote. But Trillium has more than two decades of experience putting shareholder proposals before Starbucks' board.

Search resuls for: "Bernie Sanders"

25 mentions found