shaneknysh
shaneknysh t1_j6l6334 wrote
Reply to comment by bobjoylove in ELI5: What does it mean when a company buys back stocks and why is it frowned upon? by lilly_kilgore
What tech companies did you work for? My stock options never came close to 25% of my base salary.
shaneknysh t1_j6l5l5t wrote
Reply to comment by dmazzoni in ELI5 How Uber/Doordash show tips on the Deliverer's app - and can they redesign the app to "hide" the tips? by [deleted]
I'm sure your restaurant is thriving. While working as a delivery driver, the restaurant owners and managers I talked to none liked the delivery apps. Some used it because they didn't have delivery otherwise but it dropped their margins to 2% or worse. Others used the delivery services because they saw a drop in orders to Skip and Uber Eats. They couldn't drop in house delivery or they would lose call in and direct orders that earned more. Now they had 3 competing delivery services and Skip and Uber out bid them for online advertising for their own restaurants.
But the next time I talk to them I'll pass on your advice. I'm certain raising prices or charging for delivery has never occurred to them.
shaneknysh t1_j6kyexj wrote
Reply to Eli5: Why do our body’s adapt easy to water temperature but not to air temperature by [deleted]
In the original boiled frog experiment the frogs brain has to be removed or it would jump out of the water on e it got too hot.
shaneknysh t1_j6ky1p0 wrote
Reply to comment by H4R81N63R in ELI5 How Uber/Doordash show tips on the Deliverer's app - and can they redesign the app to "hide" the tips? by [deleted]
The delivery service takes 18% or more from the restaurant so the restaurant is very close to making nothing on the low price orders.
For SkiptheDishes the minimum for an order is $6 for an order if you accept 90% of your orders. If the customer tips the tip is not added to the $6, so a $3.00 order with a $3 too is $6 not $9. Plus for years there was no minimum.
There was a community based not for profit solution to compete against the delivery services. The local restaurants could set up the service and hire delivery drivers as employees. The operating costs were split by percentage of orders. If the pizza place got 50% of the orders then they pay 50% of the costs.
Last I heard Skip bought the software behind the service and killed it.
shaneknysh t1_j6kw73p wrote
Reply to comment by bobjoylove in ELI5: What does it mean when a company buys back stocks and why is it frowned upon? by lilly_kilgore
As a recipient of stock rewards as an employee they are not a great reward. Like company scrip the stock rewards to staff are a cheap way to reward staff costing the company pennies on the dollar. And every single one I've received the stock was non voting and diluted.
shaneknysh t1_j6kswtw wrote
Reply to comment by bobjoylove in ELI5: What does it mean when a company buys back stocks and why is it frowned upon? by lilly_kilgore
>It means the company has so much cash that it doesn’t even know what to do with it. So they buy back stock.
Or the company has so much cash and no incentive to lower prices or improve employee compensation. There only incentive is to improve profit.
In the before time the highest tax brackets meant that at some point a company made enough then the company could pay 10000 in taxes or raise compensation by 8000. The company could then choose to pay their employees or pay the government.
The companies still made huge profits but there was incentive beyond just rewarding shareholders.
shaneknysh t1_j52agv6 wrote
Reply to TIL The song 9 to 5 by Dolly Parton is rooted to the 9to5 movement in which secretaries and working women stood up for their rights to be treated equal in the workplace by Minnesotan-Gaming
Dolly Parton, founding mother of the quiet quiting movement.
shaneknysh t1_je3y4f4 wrote
Reply to ELI5: Why do you need to do breaths during cpr? by [deleted]
While your exhalation contains more CO2 than the atmosphere it still contains more than enough oxygen for the cpr recipient.
However, a lot of first aid training now teaches compression only CPR, without breathing assistance.