You're viewing a single thread.
-
This is the guy that commutes from LA to Seattle on a private jet?
-
Yeah, same guy who fired nearly everyone at the Chipotle corporate office in Denver so he didn't have to commute.
-
That's.....man I hope you're wrong as that's awful.
-
In 2018 Niccole laid off 400 at the Denver and New York locations so that HQ could be relocated to Newport Beach, where he lived at the time.
-
That was just the 400 FTEs. There were also lost of contractors that were affected as well! Most people don't count them since they could have been let go for any reason.
-
-
Of course that wasn't the official reason he gave. He hired a management consultant group to do a study of where all the top restaurant talent was in the country. Surprise, surprise, all the criteria they were given led them to narrow down the ideal location for the corporate headquarters to be right next to his house in Newport Beach.
-
How the fuck isn’t this stuff against business laws. How does this not break the fiduciary duty by self-dealing?
If what you’re saying is accurate then he’s a pro at creating parallel evidence.
Who am I kidding? Anyone who could bring a suit against the CEO probably doesn’t care.
wasteful hubristic meatballs
-
I'm theory, the board of directors is supposed to keep a CEO in check if they do something that is against the best interest of the shareholders. But the share price actually went up after he made this move.
Same reason share prices often go up when a company announces layoffs. The market isn't always tied to how well a business is run.
-
-
-
-
I'm just amazed no one goes Luigi when shit like that happens...
-
-
OC to Seattle, but yes. The guy didn't want to relocate from Newport Beach, so they bought him a jet to make his weekly "commute."
-
Wasn't it daily commute?
-
Iirc he flies up Monday, stays in the corporate penthouse during the week, then flies back Thursday or Friday. I'll be honest I haven't kept up on it as I really don't care lol, I just remember the article from a few months or whatever back.
-
Makes more sense.
-
-
-
-