The untrammeled greed of the founders of Philz Coffee -- and the financial looters who are buying the company -- is exceeded only by their pure contempt for the employees whose shares in the company are being vaporized.
How can this be legal? Because "capitalism" rules.
https://missionlocal.org/2025/07/philz-coffee-private-equity-sell/
There are plenty of other places for people to get a good cup of coffee. And if they hear about this, probably a lot of them will go somewhere else.
my best memory of philz will always be walking in one morning to find a parrot club meeting there to socialize their parrots.
This is the only true rule of conservatism.
And it was made in the context of pointing out that we have no other politics than #conservatism left.
All parties today protect the wealthy at the price of hurting the non-wealthy. Only different flavours of implementing #wilhoitslaw remain in power.
This needs to change.
Ripping off the cafe employees is vile. $10,000 in stock worth nothing is a huge hit for them and it’s nothing for those investors that are wiping them out.
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