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Fun fact. I do not financially support any restaurant that has a Wall-street ticker. I wish more people would do this. There should be no reason to fund some C
by yndoendo 10mo ago
Fun fact.
I do not financially support any restaurant that has a Wall-street ticker. I wish more people would do this. There should be no reason to fund some CEO on Wall-street when we can benefit more by funding local communities.
P.S. You have to pay me to use Microsoft products and to engage with Amazon.
- dangus 10mo agoYou can pry Cheesecake Factory brown bread and Olive Garden breadsticks out of my cold dead hands.
- coldtea 10mo agoWouldn't it be a shame dying with those in one's cold dead hands, without ever learning how much better options exist?
- cdelsolar 10mo agotell me something tastier than olive garden breadsticks
- dangus 10mo agoI’m quite aware that better options exist. I’ve dined at multiple or different 2 Michelin star restaurants, not to brag or anything. But sometimes this “corporate bad” mentality is just vapid snobbery. I’m better than you because I don’t support big bad corporate. Of course, companies aren’t created equal, regardless of size or status of being public or private. Some are run very well and ethically and some are not. I am sure we can find many mom and pop businesses that do shady things that no public corporation would be caught dead doing. Did you know, small landlords are exempt from equal housing laws? Mrs. Murphy exemption. If I go to an Olive Garden I know I’m getting the exact same experience everywhere, I know exactly what amenities and facilities they’ll have, and I know what price I’m going to pay. Even though Cheesecake Factory is a public company they’re doing more real kitchen prep work and in-restaurant cooking than my local bar and grille that’s reheating premade Sysco food.
- coldtea 10mo agoIt's not about "corporate bad", it's about those two doing exemplary bad food. That's beyond any shady practices or whatever (not our topic anyway). At least Olive Garden, Cheesecake Factory does better.
- dijit 10mo agoI think this is quite ironic actually. If I understood the history correctly, being a "shareholder" was a path to a fractional business ownership for people who could not afford to outright own a business. It comes from the same mental position as a co-operative. In these scenarios, a CEO is really just an employee of sorts for the shareholders. It's quite funny that we see the CEO of a publicly traded company has worse than a sole-proprietor, when profits will go directly to a sole proprietor- but not to a shareholder CEO. I understand how it has played out, that the largest companies on earth are publicly traded now, and that CEO compensation in those companies is crazy. But it's quite ironic in my opinion how it played out.
- thaneross 10mo agoGiven the top 10% holds 87% of shares, it seems clear the stock market is primarily a tool to compound wealth. Having a surplus of money is table stakes to play.
- gosub100 10mo agoNot just that, but if it were "fractional ownership in a business" then every profitable company would pay a dividend. Now it has become normalized to not do such a thing with all sorts of fancy reasoning.
- Majromax 10mo agoShare repurchases are also a way of returning cash-flow to owners. A stock buyback is equivalent to a dividend, just with automatic reinvestment in the default 'do-nothing' case. Including buybacks, few large and mature companies fail to return profits to shareholders at all, and we'd ordinarily want growing or startup companies to retain earnings and invest.
- gosub100 10mo agoYou are just reciting the "fancy reasoning" that I already mentioned. All the esoteric stuff is designed to do is concentrate the wealth into the hands of the wealthy. It is a step away from fractional ownership.
- DoctorOW 10mo agoI recently moved to Wisconsin and decided it was only appropriate to only buy local. Sure, it tastes better but I was surprised to see it was cheaper too. I guess it doesn't matter how much of your food is plastic and sawdust if you have to pay to haul it an extra hundred miles.
- seoulbigchris 10mo agoAt first, I thought you meant restaurants which had a big scrolling ticker along the wall so patrons could watch the market while they dine.
- pmarreck 10mo agoJust my preference, but I'd like to know where said restaurant is, lol