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Sephora hits $10B in sales, gives employees a cookie as a reward
- mypornaccount 3y ago[flagged]
- deleted 3y ago[deleted]
- deleted 3y ago[deleted]
- ijhuygft776 3y agoCan someone say "disconnected from reality"? They should have had 1 pound of gold flakes on top of each cookie...
- Kluggy 3y agoFor those who were wondering… They have 46,000[1] employees. Gold is $2018 per ounce [2]. 46000 * 2018 * 16 is $1,485,248,000. Online sources claim their gross revenue margin is in the upper 60%s[3], which means this is actually easily affordable to them with a lot of extra money left over. [1] https://www.forbes.com/companies/sephora/?sh=39917c697195 https://www.forbes.com/companies/sephora/?sh=39917c697195 [2] https://www.monex.com/gold-prices/ https://www.monex.com/gold-prices/ [3] https://www.retaildive.com/news/sephoras-innovation-gathering-speed-at-lvmh/528574/ https://www.retaildive.com/news/sephoras-innovation-gatherin...
- ijhuygft776 3y agothanks for doing the math. To tell you the truth, this made me realize that our situation is even worst then I thought. Did you even include all the years it took to get there? Ungrateful/greedy bastards.
- vdaea 3y ago[flagged]
- darth_avocado 3y agoFeels like at this point, employees should just buy stock of the companies they work at, at least that way they get something in return when companies "create value for the shareholders".
- EA-3167 3y agoI think the sort of employee who gets rewarded with a bin of cookies doesn't have the spare cash for that.
- cratermoon 3y agoIn theory yes, but in reality the individual will probably not end up getting much. The lions share will go to the big investment houses and preferred shareholders. The individual will end up spending an outsize portion of any gains on fees and such.
- ortusdux 3y agoHome Depot has a program where you can buy stock at a discount. IIRC, you set aside the amount you want to purchase, wait 3 months, and then they sell you the stock at 15% under the lowest value seen during that time frame. It was their version of an employee discount, but I don't think the program was used all that often.
- hiyer 3y agoLots of companies have this scheme, usually called Employee Stock Purchase Plan. 2 of my previous employers had it, and it was quite popular among employees as well.
- jerlam 3y agoInvesting in your employer also means that when things go bad, they go doubly bad, since you're both laid off and your investments falter.
- ratg13 3y agoIf you're not willing to invest your money with your employer, why are you investing your time with them? Why work for someone or something that you don't believe in? I get it that many people have limited choices in life, but the readers of this forum are typically of a talent level that allows them to have more of a choice. Don't stay working at a job you don't believe in. Life is too short.
- anigbrowl 3y agoBig 'let them eat cake' vibes. That always works out well for elites.