investors.yum.com/news-events/…/default.aspx
We repurchased 10 million shares totaling $1.2 billion at an average price per share of $119.
They are just greedy.
Pizza Hut franchisees lay off more than 1,200 delivery drivers in California as restaurants brace for $20 fast-food wages
Submitted 11 months ago by wintermute_oregon@lemm.ee to conservative@lemm.ee
Comments
PizzaMane@lemm.ee 11 months ago
Blamemeta@lemm.ee 11 months ago
Pizza hut corp is not the frachisees. Its stupid, and greedy, but the franchisees are fucked in this situation.
PizzaMane@lemm.ee 11 months ago
I am aware. That doesn’t change the fact that is is a result of corporate greed.
ByteWizard@lemm.ee 11 months ago
This is the completely obvious result of forcing wages higher than what is sustainable. Marxist libtards do not understand economics.
wintermute_oregon@lemm.ee 11 months ago
I’m not opposed to a livable wage. What I am against is this stupid idea. Little places are excluded. Basically only large chains are required to follow it even though most are franchises.
Bakers are excluded. It’s just stupid even if you agree with the intent
intensely_human@lemm.ee 11 months ago
Again it’s the not understanding economics. Not understanding that the market is a signal conducting medium, and that its success depends on those signals propagating, and that price controls destroy the signal conduction.
CM400@lemmy.world 11 months ago
As far as I can tell, it’s not “franchisees”, it’s a corporation that owns all the franchises. Looks like a political stunt to oppose the new $20 per hour law.
wintermute_oregon@lemm.ee 11 months ago
No. The title is clear. It’s a franchise.
The way Pizza Hut works is they create the idea the. License it to a franchisee. Pizza Hut owns very few stores.
IHadTwoCows@lemm.ee 11 months ago
One thing that I have learned over the past 50 years is that conservatism absolutely does not believe in the success of small businesses. Their only motivation is to see how much they can get by screwing people out of the most money. Instead of whining about the cost of things going up because employees need wages, they would rather see a business go under an employee’s lose jobs then to actually support the business and the employees and help the economy grow around them. I have yet to hear from a single conservative who knows how business and economics works.