Bain Capital owned OSI tried to cut food server wages in half

"Earlier this year a Bain Capital subsidiary, OSI (Carabba’s, Outback Steakhouse, Bonefish Grill, Flemmings, and Roy’s), tried to push a bill through the Florida Legislature that would cut server’s pay in half from $4.65 an hour to $2.13 an hour. Bloomin’ Brands (formerly OSI) made millions this year after a successful IPO on the New York Stock Exchange, all the while advocating to reduce worker’s pay."

BadDog40 said:

"Earlier this year a Bain Capital subsidiary, OSI (Carabba’s, Outback Steakhouse, Bonefish Grill, Flemmings, and Roy’s), tried to push a bill through the Florida Legislature that would cut server’s pay in half from $4.65 an hour to $2.13 an hour. Bloomin’ Brands (formerly OSI) made millions this year after a successful IPO on the New York Stock Exchange, all the while advocating to reduce worker’s pay."

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Nice copy/paste skills you got there.

Anything in retort
or you just going to be your usual
retard DD?

desert dude said:

Nice copy/paste skills you got there.

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Likewise....

ChesusRice said:

Anything in retort
or you just going to be your usual
retard DD?

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I tried to respond with, "so what" but the robot overlords said that was too few characters.

What is the point of the OP? Is it that waiters should be paid minimum wage instead of 1/2 MW? Are the waiters making their real money from tips? Is this supposed to be an indictment of Romney because he ran Bain a decade ago?

What is the point?

desert dude said:

I tried to respond with, "so what" but the robot overlords said that was too few characters.

What is the point of the OP? Is it that waiters should be paid minimum wage instead of 1/2 MW? Are the waiters making their real money from tips? Is this supposed to be an indictment of Romney because he ran Bain a decade ago?

What is the point?

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You seem disturbed and emotional about it, that magic underwear not working?

ChesusRice said:

Anything in retort
or you just going to be your usual
retard DD?

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Romney left Bain Capital over a decade ago....

Do you have something relevant to post?

NLXSK1 said:

Romney left Bain Capital over a decade ago....

Do you have something relevant to post?

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He never blamed Romney, in fact he never even mentioned him.
I think the post is very relevant, at least to a point I've been making for quite some time.

It crystalizes the inequity and the pounding that the working/middle class has taken while those at the very top prosper. Not only are they prospering, they want even more and will take it from the working class to get it. I understand they are a business and I want them to prosper.

I can't support cutting the wages of waitresses to squeeze every last penny of profit possible. I could understand if the company was in trouble financially that wages are part of the equation. That isn't the case here. It's commonplace now, disgustingly it's become the standard practice.

We've seem corporate earning soar and income levels of those at the very top soar. At that same time the vast majority of us have stagnated. This isn't a new problem, the trend stated decades ago when we bought the fallacy of trickle down economics. It doesn't work for 97% of us.

BadDog40 said:

"Earlier this year a Bain Capital subsidiary, OSI (Carabba’s, Outback Steakhouse, Bonefish Grill, Flemmings, and Roy’s), tried to push a bill through the Florida Legislature that would cut server’s pay in half from $4.65 an hour to $2.13 an hour. Bloomin’ Brands (formerly OSI) made millions this year after a successful IPO on the New York Stock Exchange, all the while advocating to reduce worker’s pay."

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WTF? This is a private company not the government that is fucking the American people. That sounds like a T&T post.

See, the Republicans KNOW those food server's WANT to take a pay cut so they don't have to pay so much in taxes.

Simple Republican logic.

Being a social leach is not against the law.

• It crystalizes the inequity and the pounding that the working/middle class has taken while those at the very top prosper. Not only are they prospering, they want even more and will take it from the working class to get it. I understand they are a business and I want them to prosper.
  
  I can't support cutting the wages of waitresses to squeeze every last penny of profit possible. I could understand if the company was in trouble financially that wages are part of the equation. That isn't the case here. It's commonplace now, disgustingly it's become the standard practice.
  ​
  
  
  
  

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The reason Bain Capital likely bought the company was that it was in trouble and needed re-structuring.

You do understand that if the business goes bankrupt there are no waitress, cook or server jobs right? The corporation cannot simply *print* more money like the government can. It cannot operate at a continual deficit.

Therefore, to make it competitive it very well might have had to cut wages to survive.

Why doesnt anyone think about this?

NLXSK1 said:

Why doesnt anyone think about this?

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Because most of these people never ran a business, never figured out that the purpose of business is to make a PROFIT, not to lose money. Most of them don't understand that all those thousands of people that own the stock of a company are the ones demanding it perform well. The CEO doesn't get to keep the profit a company makes, the shareholders demand good performance or they will vote their pocketbook come election time for the officers of the company. Blame all those 401K's that invest in things.

I know several waitresses that can bring home $500 in a single night from tips alone.

too bad repukes didn't pick up Ron Paul, Dr Paul actually wrote bills so servers didn't have to pay taxes on tips

NoDrama said:

Because most of these people never ran a business, never figured out that the purpose of business is to make a PROFIT, not to lose money. Most of them don't understand that all those thousands of people that own the stock of a company are the ones demanding it perform well.

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You hit the nail on the head. All I ever hear from most lefties is how unfair it is for a business to make a profit. They want to pay all employees twice what they are worth, they champion regulations and then blame the business owner's incompetence when the company goes belly up. LOL

What it really boils down to is, most of them (not all) are too fucking lazy to handle the work and dedication it takes to become a business owner or don't have the skills or balls for the risk to start one.

NoDrama said:

Because most of these people never ran a business, never figured out that the purpose of business is to make a PROFIT, not to lose money. Most of them don't understand that all those thousands of people that own the stock of a company are the ones demanding it perform well. The CEO doesn't get to keep the profit a company makes, the shareholders demand good performance or they will vote their pocketbook come election time for the officers of the company. Blame all those 401K's that invest in things.

I know several waitresses that can bring home $500 in a single night from tips alone.

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The CEO often gets to keep a significant portion of the "profit" of a company and he often does it on the back of tax payers. Even more so in recent history. It is nice that you represent corporations as democracies when they are not.

beenthere said:

You hit the nail on the head. All I ever hear from most lefties is how unfair it is for a business to make a profit. They want to pay all employees twice what they are worth, they champion regulations and then blame the business owner's incompetence when the company goes belly up. LOL

What it really boils down to is, most of them (not all) are too fucking lazy to handle the work and dedication it takes to become a business owner or don't have the skills or balls for the risk to start one.

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That's nice that you would say that beenthere, comiseration between two hard bitten business men who think poorly of those who are not.

Now shall we parse this one as well?
You seem to love to make generalizations such as "they want to pay all employees 'twice what they are worth'" Who determines this? Who is "they"? damn those they that want to champion regulations for a company going belly up. You tend to forget the fish that would go belly up if it were not for such regulations. You forget the commons that business regularly infringe upon unless they are given hard guidelines and harsh punishment for such abuse.

And you now seem to claim that liberals who take issue with business practices are lazy (not all) and are incapable in one way or another of starting one.

Tell you what - I am kinda lazy, I don't work as hard as I should but I have started 4 businesses, two in tech, one in alternative fuels and one in biology. Three have been sucessful, and we will see about the last one.

How many have you started?

NLXSK1 said:

The reason Bain Capital likely bought the company was that it was in trouble and needed re-structuring.

You do understand that if the business goes bankrupt there are no waitress, cook or server jobs right? The corporation cannot simply *print* more money like the government can. It cannot operate at a continual deficit.

Therefore, to make it competitive it very well might have had to cut wages to survive.

Why doesnt anyone think about this?

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I do!
And then scratch my head wondering how they are deserving of a million dollar bonuses, while the community where the wage cuts take place lose the tax base to fund schools.

I love how the accusations of not understanding business get thrown around. You guys think that only a conservative can run a successful business?

I sold a successful business for a profit and am 6 months into my new venture. I'll pat myself on the back and gleefully tell you that my current business is profitable already. So save the Business 101 lectures for someone thats gullible enough to buy that bullshit. I know better.

You guys are making it sound like the corporation was financially hurting, it wasn't. The cutting of those salaries was to boost profits, stop lying to yourselves and the rest of us. You are defending those at the very top soaking those below them via reduced wages and ultimately lost tax revenue.

I fucking gurantee that waitress is paying a higher tax rate than 15%. I also gurantee that waitress will also contribute more if that $ to her local economy. You see working people spend that $ they don't have the luxury of putting it in a tax shelter.

Gotta admit it's funny getting business advice from Clayton Bigsby and a landscaper that can't turn a profit .