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Executive Sadman

Don't Just Be Any Debt Slave, Be A Starbucks Indentured Servant Debt Slave...

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http://www.cityam.com/225168/starbucks-pledges-living-wage-all-workers-and-will-offer-interest-free-loans-housing-deposits?utm_source=dlvr.it&utm_medium=twitter

I'm guessing if you quit your interest free loan goes with the job...Work in starbucks for life or lose your bedsit...how charming.

I read that this morning. Starbucks couldn't pay a proper living wage and guarantee a full-time job for those who rely on their income from the coffee shop. Oh no, Starbucks have to lend them money.

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Does that mean they won't be making a profit for their 18th yr ? ...

Starbucks brews up first UK profits (1million) in 17 years

http://www.theguardian.com/business/2015/feb/04/starbucks-first-uk-profits

A Reuters investigation in 2012 highlighted how Starbucks UK had booked cumulative sales of more than £3bn since opening in Britain but had paid only £8.6m in corporation tax over the same period.

The revelation led to Starbucks executives being summoned before parliament and to calls for a consumer boycott. Responding to widespread anger, then UK boss, Kris Engskov, pledged to waive tax deductions for royalties and interest during 2013 and 2014.

That “deductions holiday” period expired at the start of last month. Starbucks had promised this would generate additional tax of £20m for HMRC. On Tuesday it declined to say publicly whether or how that commitment had been met, but privately claimed it had been satisfied – though it refused to give further details.

The group declined to comment on whether the controversial tax deductions had resumed.

Edited by Saving For a Space Ship

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It's only a matter of time before supermarkets are building pods for their workers to live in.

Well, many of them are already used to HMO accommodation - a pod will be pure luxury.

Edited by canbuywontbuy

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It's only a matter of time before supermarkets are building pods for their workers to live in.

Yep. Tesco value slaveboxes. A 'perk' of the job. It'll happen eventually...

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Didn't Walmart take out life insurance on their employees- not for the employees benefit but purely as a money making exercise? I believe they called it 'dead peasant insurance' or something equally charming.

Found it;

The estates of 73 former Wal-Mart employees in Oklahoma won a decisive victory on Monday when a federal judge gave final approval to a $5.1 million settlement of a class action that alleged the retailer benefited from “Dead Peasant Insurance” policies it wrongfully enacted.
Filed in the U.S. District Court for the Northern District of Oklahoma four years ago by families of employees, the suit took issue with Wal-Mart Stores Inc.’s practice of taking out life insurance policies on its employees while making itself the beneficiary.

The case stems from policies Wal-Mart bought from AIG Life Insurance Co. andHartford Life Insurance Co. in the early 1990s that designated Wal-Mart Stores Inc. Corporation Grantor Trust as policy beneficiary.

Called corporate-owned life insurance, these policies were originally used only for highly skilled workers or executives to hedge companies against the financial risk of recruiting and training a replacement for important employees.

In the 1980s, corporations began realizing the tax advantages of these kinds of policies, and bought them for throngs of low-level employees. They became known derisively as “Dead Peasants Insurance.” Wal-Mart bought around 350,000 of these policies for employees around the United States.

More often than not, the families of the deceased would not be told about the life insurance policies and would receive nothing from them when their relatives died.

http://www.law360.com/articles/14609/wal-mart-settles-dead-peasant-insurance-suit

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Didn't Walmart take out life insurance on their employees- not for the employees benefit but purely as a money making exercise? I believe they called it 'dead peasant insurance' or something equally charming.

Found it;

http://www.law360.com/articles/14609/wal-mart-settles-dead-peasant-insurance-suit

IT was well covered in Michael Moores film Capitalism a love story

Edited by Saving For a Space Ship

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Didn't Walmart take out life insurance on their employees- not for the employees benefit but purely as a money making exercise?

You're off-topic. This forum is about houses.

BREAKING_study_suggests_adding_fuel_may_

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^ Interesting that the abc News - Good Morning America correspondent went with the line "Companies wish you were dead" rather than the (maybe just as obvious) line of "Companies wish to work you to death".

I guess if you found out they had such a policy (which only they benefited from) and there was some disgreement about the onerous nature and extent of the work you were being asked to do then it might seem to justify some legal action/pursuit of compensation.

Edited by billybong

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It's only a matter of time before supermarkets are building pods for their workers to live in.

Nothing new...maids, nannies, chefs and butlers were always provided with accmodation that came with the job......even the vicar had use of the vicarage and the soldier barracks.....some are paid good money to house sit......under the thumb.

Edited by winkie

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