#wagetheft — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #wagetheft, aggregated by home.social.
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the biggest shoplifters have payroll departments
when a poor person takes from a rich institution, we call the police. when a rich institution takes from a worker, we ask whether they opened a ticket.https://tacobout.online/2026/09/04/biggest-shoplifters-have-payroll-departments/
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Why isn't this considered wage theft? "“All Common Stock will be canceled for no consideration and all Options will be canceled and extinguished for no consideration,” "
Apparently employees were given stock options, and were encouraged to buy stock - ALL shares held by employees were Common Stock. When Private Equity bought the company, the shares were declared worthless (of course the the CEO, etc all will receive payouts).
https://missionlocal.org/2025/07/philz-coffee-private-equity-sell/
Creative #WageTheft & #BrokenPromises brought to you by #PrivateEquity