Show notes
LABOR DAY/STAKEHOLDER RULE STUFF (CARES/DON’T CARE)Mamdani Opens Office of Worker Power DCThe new city agency intends to connect workers who want to unionize with resources and organizing contacts, and use worker stories of exploitation to inform policy.Starbucks faces another union boycott, activist investor pressure CThe SOC Investment Group, an investment advisory group affiliated with the Strategic Organizing Center — a major coalition of North American trade unions — filed a shareholder proposal last week seeking to separate Starbucks’ CEO and board chair roles.The investor pressure came days after Starbucks Workers United called on consumers to boycott the coffee chain until it settles a contract with the union, which represents approximately 12,000 workers.‘Treated Worse than Cattle’: 2,500 Tyson Workers Laid Off, Plant Shutters Overnight DCTyson beef plant in Joslin, Illinois: 2,500 workers–represented by Food and Commercial Workers (UFCW) Local 1546–from Africa, Latin America, and BurmaCampbell’s Cuts 13% of Workforce in Effort to Turn Around Struggling Operations CRead Uber CEO's Memo as 3,300 Workers Lose Their Jobs Despite Business 'Performing So Well' CUber is cutting roughly 10% of its global workforce in its biggest round of layoffs since the Covid-19 pandemic.CEO Dara Khosrowshahi: acknowledged that Uber's business is performing strongly. He said the company's revenue has nearly tripled over more than five years as it expanded its products, businesses, and global reach.The changes were designed to “make Uber simpler and faster, and create more capacity to invest in our future”Volkswagen Superviosory Board Approves Plan To Slash Models & Reduce Workforce By 100,000 CIn June, Volkswagen Group CEO Oliver Blume had a plan to close four factories in Germany and eliminate 100,000 workers, both in Germany and around the world, by 2030. It said the plan would be made public at a company board meeting on July 9. July 9 came and went, and the plan did not get the approval from the board of directors that Blume expected. The vote was 12 against and only 7 in favor of Blume’s vision.Then, on September 3, 2026, Volkswagen Group announced that the plan submitted in June had been approved unanimously by the supervisory board.CEO Oliver Blume: “The Supervisory Board has unanimously approved the Executive Board’s Future Plan presented today. This is a strong sign for the future of the Volkswagen Group. We are taking responsibility for our entire team, for our partners and for industrial jobs worldwide.”A record 47% want stronger unions. Labor's challenge is turning support into power. DCNERDY ESG STUFF (CARES/DON’T CARE)Tim Cook Could Still Out-Earn Apple's New CEO John Ternus Under a Special Pay Arrangement CApple set John Ternus's fiscal 2027 salary at $3M and his annual equity award at $55M, giving him a calculated fiscal 2027 salary-and-equity package of $58M.Cook will receive a $2M salary and a $45M annual equity award as executive chair, giving him a calculated salary-and-equity package of $47M.Almost all of the value in both packages comes through Apple shares rather than salary. Ternus has 75% of his equity award tied to performance, while Cook has 50% tied to performance.That structure gives Ternus greater exposure to performance, for better or worse. If Apple performs strongly against other S&P 500 companies, Ternus could receive more from his equity award. If the performance-based awards pay little or nothing, Cook could receive more from salary and equity even though he is no longer CEO. Cook also has a retirement provision that Ternus does not have.Good Good's CEO and president are out after ad debacle CCo-founder Matt Kendrick said that he didn't view the ad before it ran and that the marketing team oversaw it.Co-founder Nahid Giga will step in as interim CEO“Matt has decided to step down as CEO of Good Good”No mention of adSEC sues ISS as Trump administration ramps up scrutiny of

