Pardon my language, but some people never get over being vindictive little cunts.
Corporate isn't responsible for franchise employees.
---------- Post added 2012-11-14 at 08:39 PM ----------
---------- Post added 2012-11-14 at 08:43 PM ----------
Unless you take money and stuff it under a mattress, it isn't removed from the economy.
If you're going to save money, you have 2 realistic options. Bank accounts and investments.
When you open a bank account, the bank will re-lend your money out, so it's not out of the economy.
When you invest that money, you're giving it to someone else in exchange for something. Their intention is probably to spend that money, so it's not taken out of the economy.
Id think the ceo knows more about his own company than the people here. He tells you what is going to happen and why yet people still dont believe it... Then it happens and they are suddenly surprised.
Murray Energy was cited and fined for numerous mine safety violations over the last few years - THAT is why their business is going to shit. It has to do with general incompetence and has NOTHING to do with who's president.
And Papa John's... what can I say. What these CEOs are saying is, "I'm unwilling to provide fundamental benefits necessary to maintain a secure livelihood to my employees." That's cool. Your pizza sucks anyhow. If corporations are gonna blame Obama for mandating that they have to treat their employees better rather than sucking it up like a big boy and trying to make this country better by relaxing their exploitative chokehold on the lower and lower-middle class, I think they'll find a pretty unsympathetic public.
What they're trying to do isn't too unfamiliar though - they're doubling down on the great Republican lie that only the rich create jobs. They don't. Innovation comes more often from startups and entrepenuers with balls, not the vampires that snatch them up and then axe half their native workforce.
He's beholden to shareholders, however, and they demand profits.
You're not allowed to willfully cut profits. It's just not something that companies do. Even truly great companies like Google don't do it without the intention of making more money based on that investment.
When a company like Papa John's only makes $55 million a year, a $5-$8 million increase in expenditures is pretty big.
It seems to me that he's not looking out to save his own hide (The man is already worth $600 million). Rather, he's worried that a 15 cent increase in the cost of pizza will deter customers. I think this is entirely unfounded. He doesn't.
Papa John's takes 8% off the top. So in an $11 pizza, $.88 goes to Papa Johns.
Soooooo.... to account for an $8 million increase in expenses, you're looking at about a 0.7% increase in revenue. That seems, to me, to amount to a $.08 increase in pizza costs.
I'm not sure how Forbes determined they'd only need to increase pizza costs by 3 or 4 cents, though.
I'm also not sure how Schnatter came up with the 14 cent increase.
1. Papa "john" is a d-bag by himself. You should read up on him if you havent.
2. Papa Johns is the only pizza sold at NFL games now. He is making boatloads of money.
Boycott that pos