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Peet's Coffee & Tea is slated to return to private ownership this fall in a stock buy-out of nearly $1,000,000,000.
Last year our CEO's total compensation was more than $1,600,000.
Most of our store's retail employees are hired at a starting wage of $8.50/hour, 25 cents above the Illinois minimum wage. Yearly raises for high-performing employees average 25 cents/hour, barely a cost-of-living increase.
How does a company with Peet's' values not pay its 3000+ retail employees a living wage?