Categories
Beer News

Audi CEO Thought He Could Bill The Company For His $14k Party, He Was Wrong

Audi CEO Rupert Stadler got just a tad bit carried away with a company-funded beer drinking competition last year that was so lavish it cost $14,000, according to CNN. About 30 executives attended the shindig, and there was even a Bavarian brass band flown in exclusively for the event.

The CEO held nothing back in regards to expenses, and it ended up being a big one for him personally, because he had to fork over the $14k out of his own pocket after the company flagged the massive sum of charges. CNN reported that the cost breaks down to a hefty $450 a person.

That’s a lot of beer.

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 On the bright side, I’m sure it made for some great team bonding. I’m also sure that the CEO of a luxury car company like Audi won’t have too tough of a time coming up with that kind of money.

It’s just pretty spectacular that he thought the company would pay for his obscenely expensive party habits in the first place. This kind of party sounds like something you couldn’t even get away with here at the Foodbeast office.

Volkswagen was already in hot water prior to this scandal after they cheated on emission tests that CNN reports will cost them $14.7 billion dollars, so I doubt VW was happy with Rupert for pulling this one.

Categories
Restaurants

Here’s How Much Money Chipotle CEOs Lost After The Sh*t That Went Down Last Year

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Last year was a pretty rough year for Chipotle. The quick service Mexican Grill saw dozens of customers get sick from either the norovirus or e. coli. With stocks falling, it’s no surprise that the company’s co-CEOs are taking a pay cut.

USA Today reports that both Steve Ells and Monty Moran suffered compensation cuts of 50% in 2015. This drops their earnings to $13.8 million (from $28.9) and $13.6 million (from $28.4), respectively.

It looks like they’ll have to tighten their belts as they figure out how to get revenue up for the QSR chain.

Still, Chipotle seems like a decent place to grab a drink after work. Hopefully things look up for them in the 2016 year.

Photo: Google Maps

Categories
Hit-Or-Miss

CEO Gives An Epic Response After Failing A Customer Twice In A Row With Expired Milk

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Customer service has improved over the years thanks to the advent of the internet and social media. Companies are now able to receive feedback and improve their business in ways like never before.

In a story out of Malaysia, customer Timothy Tiah suffered two instances of buying milk from diary company Farm Fresh that tasted “off” the moment it was opened. Tiah published his frustration in a blogpost calling for the boycott of the diary brand.

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Super angry,” he starts. “…Some time back I had just bought one of these and when I poured it into my cereals and started eating I realized it tasted really funny. So I spit it out and tried it on its own. True enough. The milk had gone bad...

He went on to describe the two incidents that he had to throw away his cereal bowls and the rest of the milk upon discovery of the weird taste each time.

His post caught a lot of attention and attracted several comments from readers who also experienced the same problem. It eventually led to the company’s official response on the matter.

“Dear valued consumers,

Recently there have been a spate of complaints about our Farm Fresh milk curdling and turning sour. Initially we had thought the problem was due to less than ideal handling on the retail level. At the same time, we were also doing everything to examine our operations at the processing level. We then discovered that a very small amount of our yogurt had somehow gotten into two of our filling lines. That explains the slight curdling of the milk and the sourish
taste, without the the typical spoilt milk smell.

We have since isolated these two filling lines. We truly apologize for the inconvenience caused and we understand that this has caused some consternation for you, our valued customers. The curdled product, though it may seem disturbing, was basically an unintended version of “yogurt milk”.

We are thankful for your prompt feedback, and we want to assure you that we are constantly doing our best to ensure the highest quality standards so that you can continue to enjoy the freshest quality milk from our farm. Our apologies again, and thank you for your continuous support.

Further to this, we would like to offer all customers a refund for any bottles of Farm Fresh milk purchased which were not up to the desired quality. Please email us at custsvc@farmfreshmilk.com.my indicating the number of bottles purchased and the total retail price.”

While the company’s website statement is a response in itself, what came next surprised Timothy: Loi Tuan Ee, The CEO of Farm Fresh Milk sent him a very personal email.

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coincidence

The message touched Timothy so much he responded with a positive note, acknowledging the CEO’s apology with a promise to return to drinking Farm Fresh milk again. He also asked that instead of sending him a replacement or refund, the company can send the two bottles of milk as a donation to the nearest shelter.

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The CEO of course, topped that simple customer request by doing the extra mile and sending 12 bottles of milk to the home for the elderly and a bunch of Farm Fresh milk products to his office as well.

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This thoughtful action made a complete turn-around of the situation and is a perfect example of customer service done right. In Timothy’s latest article in Tech In Asia, he commended the CEO’s gesture as it obviously left a lasting impression:

“Loi truly inspired me. At a time of crisis he kept his calm and dealt with tough situations like this with humility and sincerity. Why I say sincere? Because after I had replied him and said I would clarify he didn’t need to go the extra mile to send me something, or to give 12 bottles to the old folks home instead of two,” Timothy said.

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“I don’t know if I could have done better than what Loi did. He turned a crisis into an opportunity. I would love to meet Loi one day and I’ll take up his offer to visit his farm. Not just for the cows, but for the man behind the cows. “ he ended.

Written by Ryan General, NextShark.com

Categories
Hit-Or-Miss

Netflix’s CEO Learned A Valuable Lesson When He Caught An Old Boss Washing His Coffee Mugs

Before Reed Hastings, the founder and CEO of Netflix, was one of Silicon Valley’s staple tech-entrepreneurs, he was a grubby computer programming grad student at Stanford.

He was intrigued with entrepreneurs then, so when he joined a startup for two years at age 25, he was in it to learn. Little did he know, he was about to learn one of the most important lessons on leadership of his career.

Hastings was a kid with some messy habits. He left dirty coffee mugs on his desk as he worked until he started noticing how they magically became clean every morning when he arrived to work the next day — this went on for a year.

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One morning, he went in early to work. As he stopped by the bathroom, he noticed his boss using the sink to wash coffee mugs — his coffee mugs. Hastings asked his boss, “Have you been cleaning my mugs all year?”

His boss responded, “Yes.” Hasting asked him why.

His boss said, “It was the one thing I could do for you. You do so much for the company.”

From then on, Hastings said he would follow that guy to the ends of the earth. Unfortunately, that’s where the company went, and after two years, Hastings was out of a job. However, he learned two valuable lessons from his startup experience.

“I realized leadership is pretty nuanced because there’s the personally endearing part about character and followship, and there’s also the strategic part about not leading the company into a boxed canyon.”

So when you prepare to be the leader of a company, your own startup, being a boss means you have to connect with your employees so they’d be willing to follow you and be enthusiastic about their work, but at the same time you have to guide the ship so that you don’t end up putting everyone out of a job. It’s all about the perfect balance of character and strategy.

Written by Jacob Wagner of NextShark

Categories
Hit-Or-Miss

REPORT: How Much the CEOs of Your Favorite Fast Food Chains Make a Year

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For anyone who’s ever wondered how much a CEO of their favorite fast-food chain makes on a yearly basis, the numbers are in. While these numbers aren’t very shocking, especially since these corporations see so much business nationally, they are a bit hard to look at from the standpoint of an employee working at said chain.

The report was submitted by the Economic Policy Institute, which covered more 25 of the largest restaurant chains in the United States. The average income of a CEO, as conducted in 2013 was about $10.9 million. This, of course, was raised significantly by Starbucks Corp who netted $137.5 million. Give or take. The average annual income of a regular employee of these chains, came out to $18,880 a year. Among the chains included in the report are Jack in the Box, Chipotle, Taco Bell and McDonald’s.

What’s the most depressing is that for a few hours of “work” a CEO will make more than one what would take one of their employees an entire year to earn. Though at least it’s still better than being a writer. WAIT.

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H/T Business Insider

Categories
Hit-Or-Miss

Kat Cole, CEO of Cinnabon, Defends Gen Y and Says Women Need to Stop Being Perfectionists

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Kat Cole is the 35-year old president of Cinnabon, who begin as an engineering major who worked at Hooters to pay for college.

You might have heard of Kat Cole before under headlines like “How a Former Hooter’s Waitress Became Cinnabon’s President,” but we found much more than what an interesting headline told us. Kat is the product of a hard working single mother, one of three daughters growing up on a $10 a week food budget in Jacksonville, Florida. The amazing story starts with what Kat learned in those challenging years growing up that made her an intelligent and ambitious woman that rose quickly in corporate America. Today she manages a billion dollar a year company, works to help women and bring water to villages in Rwanda and Ethiopia, and is poised to be one of the greatest role models for women everywhere who aspire to succeed in a business world mostly dominated by men.

We had the great pleasure of sitting down with Kat for a conversation on the importance of street smarts, how corporate America views Gen Y, what it’s like being an undercover boss, and how women should think to be more successful in the business world.

Watch our interview with Kat, the CEO of Cinnabon, below.