Private equity company Roark Capital controls 650K U.S. fast food workers.
Workers told us how the company makes millions by screwing over workers.
That shouldn’t be a surprise — the company is named after one of the most narcissistic characters in literature.
Roark Capital’s namesake is Howard Roark, the protagonist of Ayn Rand’s novel “The Fountainhead.”
Roark, an architect, is cemented in his individualism no matter what the cost.
For Roark Capital, those costs fall on their workers in the form of low wages and overwork.
CEO Neal Aronson testified to his dedication to the character in an interview with SBOnline:
“He always did what he genuinely believed was right and ...had the discipline and fortitude to stick with it even when it put him at odds with the popular people or the latest trends.”
They even have a webpage dedicated to their admiration of the character:
Where’s the integrity in paying staff poverty wages and killing minimum wage increases? roarkcapital.com/name
Rand defined freedom as “To ask nothing. To expect nothing. To depend on nothing.”
This might make sense for Roark Capital—but they depend on their workers to make them wealthy.
Is it any surprise that this company would be screwing over 650K workers to get what they want?
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EXCLUSIVE: Starbucks is attempting to force out the union leaders at its Buffalo stores.
Workers at the first unionized Starbucks say the company is pushing unprecedented schedule changes that would mean they "don't fit the needs of the business."
Last fall, Starbucks flooded stores with new hires, then cut the hours of union supporters.
That forced some workers to get second jobs to survive.
Now, Starbucks is demanding more availability than those workers can give, setting requirements that had never existed before.
One worker got a second job after her hours were severely cut. When she told her boss about the new job, he congratulated her and said it wasn’t a problem.
A few days later, her store union went public. She was the main organizer.
EXCLUSIVE: A leaked internal memo reveals that @Kroger executives were told in 2018 that most of the company’s workers live in poverty and rely on food stamps and other public aid to survive as a result of the company’s low pay.
The presentation, titled “State of the Associate", found that “Most employees are considered to be living in poverty and need State Aid as in food stamps, free school lunch, etc. just to get by."
Kroger made $4 billion in profit in 2020 and projects an increase for 2021.
The report quotes an unnamed @Kroger worker from an internal survey:
“Something is wrong when the people who are actually making this company profitable are the ones deepest in poverty... I literally work at a grocery store and can’t afford to eat regularly."
UPDATE: @SenSanders and six other U.S. senators have sent a letter to @RichProducts in support of ice cream cake makers in California who have been on strike for more than two months.
“Let’s be clear. Rich Products is not a poor company. It is not going broke. Last year, your company made over $4 billion in revenue…We do not believe that it is too much to ask that you treat your workers with the respect and dignity they have earned and deserve.”
NEW: A survey of 10,000 Kroger supermarket workers reveals that 2/3 of employees are living in poverty and struggling to survive.
The grocery company's CEO made $20 million in 2021.
Meanwhile, 40% of workers can’t afford food and 14% have been homeless in the last year.
Kroger’s wages have declined up to 22% over the past 20 years after adjusting for inflation.
25% of Kroger workers say that they went hungry in the past year and 35% of Kroger workers say that they worry about being evicted. economicrt.org/publication/hu…
The company spent $1.3B on stock buybacks, but took hazard pay away after just 2 months.
When cities mandated hazard pay, Kroger closed stores rather than compensating employees who worked through the pandemic.
Who is Elon Musk, Time Magazine’s “Person of the Year” for 2021?
We spoke to factory workers at Tesla about what it’s really like working for the richest man in the world.
They told us about a toxic, racist, and exploitative workplace culture that stems from the top. 🧵
Ex-Tesla worker Richard Ortiz spoke out about Musk’s illegal union-busting at Tesla.
Richard Ortiz tried to organize his coworkers at Tesla's CA factory. In response, Tesla "coercively interrogated" him three times, then fired him illegally.
Another veteran Tesla worker came forward to detail extraordinarily dangerous conditions at @ElonMusk's auto factory.
"It was like a modern-day industrial sweatshop," said Dennis Duran, who worked at Tesla’s Bay Area plant for 5 years.