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[925.40 --> 930.10] can't be that you know this is one of my favorite things to look up you're googling what are you |
[930.10 --> 937.14] googling how much money does nintendo have in the bank oh that's only as of 2015 though so nobody can |
[937.14 --> 942.38] see what you're looking at no i know i just wanted to look up the number um so like one of my favorite |
[942.38 --> 947.72] things to talk about every once in a while is nintendo because nintendo um i suspect compared to |
[947.72 --> 957.12] intel they're a relatively small company in terms of uh capex or uh or uh market cap market cap capital |
[957.12 --> 964.30] expenditure as well for sure um probably even literally just like employees um i don't know |
[964.30 --> 969.20] but i i'm assuming they're a much smaller company we can look this up yeah but people will always talk |
[969.20 --> 974.24] about like during the wii u phase yeah nintendo is very spiky um and during the wii u phase people |
[974.24 --> 978.26] are always talking about like is nintendo even gonna survive but they've got so much money in |
[978.26 --> 987.38] the bank what like you can see my jaw dropped is nintendo way bigger no nintendo had from the fiscal |
[987.38 --> 997.82] year 2010 to 2018 nintendo okay nintendo had a total of 5500 employees 5500 employees dude cactus club has |
[997.82 --> 1005.42] 5 000 employees and no one in the u.s even knows where that is is that a canadian only company yeah |
[1005.42 --> 1011.16] yeah yeah okay yeah like they're they're a pretty lean company and they've got billions in the bank |
[1011.16 --> 1017.12] and people will be like oh we use doing bad is nintendo gonna die it's like no dude i can't remember |
[1017.12 --> 1022.00] what the stats are but there's something like if nintendo just immediately stops selling everything |
[1022.00 --> 1028.24] now and keeps their capital expenditure at the same amount and just makes no money at all they |
[1028.24 --> 1032.84] could survive for like a hundred years or something it's like you guys they're doing all right it seems |
[1032.84 --> 1037.82] like a natural fit because their products are always so bold and risky like they don't when they reach |
[1037.82 --> 1041.40] when they launch the wii they have no idea if people are gonna like it or not and same with the |
[1041.40 --> 1045.60] switch it's completely out there it seems like you better have some money for a rainy day yeah because |
[1045.60 --> 1051.38] they do and then they've done really well enough times that they've just got all this money that |
[1051.38 --> 1054.10] they can sit on and keep taking risks which is cool it's one of the reasons why i love nintendo |
[1054.10 --> 1061.32] that is cool so what is cactic club cat cat what is cat it's just a cactus club it's just a restaurant |
[1061.32 --> 1067.60] in in canada hold on i'm gonna get the numbers i'm on wikipedia now and it confirmed 5500 for |
[1067.60 --> 1075.14] nintendo's employee number until 106 000 yeah so that's what i said like like drastically different |
[1075.14 --> 1083.06] style company and even nintendo could drop that billion and be completely fine i think ibm has |
[1083.06 --> 1090.04] 800 000 if i remember correctly no 300 380 000 which is that means there's more people in the world |
[1090.04 --> 1097.68] working for ibm than holding icelandic passports there are fewer icelanders than ibm employees |
[1097.68 --> 1102.64] there might be some overlap there i wonder how many icelandic ibm employees there are hit us up on |
[1102.64 --> 1109.12] super chat yeah if you're an icelandic ibm employee toss us some of that old school computer money yeah |
[1109.12 --> 1115.96] give us them that model m money yeah from the north are we are we done this topic yeah okay we're gonna |
[1115.96 --> 1122.16] move on i think so we did it i think uh did we talk about the 22 nanometer stuff yeah and the stock |
[1122.16 --> 1130.14] changes yeah cool yeah i think we're good yeah moving on uh amazon has an anti-union video that has |
[1130.14 --> 1137.50] leaked allegedly because it only sort of leaked it's sort of leaked so gizmodo broke the story okay |
[1137.50 --> 1145.84] and they say that they obtained a video from anonymous sources they posted screenshots at gizmodo but they |
[1145.84 --> 1151.76] did not post the video themselves because they say that they post the video that it will compromise |
[1151.76 --> 1157.88] the people who leaked it so they have they themselves have reached out to amazon to ask amazon to publish |
[1157.88 --> 1166.38] the video that's not gonna happen correct and also it's kind of fishy because it is fishy it's kind of |
[1166.38 --> 1175.30] like political then because amazon has its enemies oh yeah like in business and in politics so that's |
[1175.30 --> 1180.94] interesting okay let's get it let's just let's just unwrap yeah what this is news site gizmodo has |
[1180.94 --> 1187.34] obtained what it calls a 45 minute union busting training video so amazon uses training videos all |
[1187.34 --> 1191.90] the time like cartoonized animated videos to train management and lower level employees and everything |
[1191.90 --> 1199.62] yeah um allegedly this video was produced i think by amazon and then sent to team leaders of whole foods |
[1199.62 --> 1205.46] last week and whole foods of course is owned by amazon now they sold them or amazon bought whole foods |
[1205.46 --> 1212.42] for 13 billion last year about a year point seven billion dollars less than whatsapp was worth to facebook |
[1212.42 --> 1221.20] yeah that was 16 um so the the video's narrator states that the video is specifically designed to give you |
[1221.20 --> 1225.80] the manager of whole foods the tools that you need for success when it comes to labor organizing |
[1225.80 --> 1231.88] so it all well i'll go over some some of the other stuff that it also states it also says we are not |
[1231.88 --> 1238.36] anti-union but we are not neutral either i have no idea what that's supposed to that means you're anti-union |
[1238.36 --> 1244.72] yeah pretty much uh we do not believe quote unquote this is not me saying this quote unquote we do not |
[1244.72 --> 1251.82] believe unions are in the best interest of our customers our shareholders or most importantly our associates |
[1251.82 --> 1258.06] meaning employees yeah associates are employees our business model is built upon speed innovation and customer |
[1258.06 --> 1265.10] obsession things that are generally not associated with union uh when we lose sight of those critical focus areas |
[1265.10 --> 1272.14] we jeopardize everyone's job security yours mine and the associates associates so the video provides some |
[1272.14 --> 1279.18] background on the neighbor or the national labor relations act as well as showing some like different warning signs |
[1279.18 --> 1285.66] so if you are a manager at this whole foods and you see any of the following you might have a potential |
[1285.66 --> 1291.58] union not like unfolding in your hands are about to erupt so warning signs such as use of words like living |
[1291.58 --> 1299.98] wage and steward distribution of petitions and flyers associates raising concerns on behalf of their co-workers |
[1299.98 --> 1307.50] that's a big one well oh or even more blatant wearing union t-shirts hats or jackets workers who aren't normally |
[1307.50 --> 1311.98] connected to each other suddenly hanging out together don't make friends with people that you're not |
[1311.98 --> 1318.38] already friends with okay any other associate behavior that is out of character that's a little |
[1318.38 --> 1323.98] police statey that's i try to like i i try to make it so that people at philpain are friends because i want |
[1323.98 --> 1328.22] everyone to be friendly maybe i'm doing the wrong thing well if it comes from the top then it's it's not |
[1328.22 --> 1334.30] a warning sign right okay good call the video then asked managers to listen to 10 hypothetical employees |
[1334.30 --> 1339.10] and select whether their remarks constitute a warning sign or an innocent interaction |
[1340.70 --> 1345.90] um so they say they and then they talk about um what you're allowed to speak so what you're allowed |
[1345.90 --> 1351.42] to say to employees that is legal so apparently basically anything goes um there's nothing really |
[1351.42 --> 1357.10] unlawful that you can say in regards to unionizing but they still give you some guidelines such as you |
[1357.10 --> 1361.42] would never threaten to close your building just because associates joined a union |
[1361.42 --> 1367.26] but you might need to talk about how having a union could hurt innovation which in turn |
[1367.90 --> 1372.86] could hurt customer obsession which ultimately could threaten the building's continued existence |
[1376.94 --> 1383.58] potential organization uh are supposed to be escalated oh yeah so if you see this happening at |
[1383.58 --> 1388.38] your store you're supposed to escalate this to human resources and general managers immediately |
[1388.38 --> 1396.14] quash it nip it in the bud the video itself does not appear to be publicly available online as we |
[1396.14 --> 1400.54] already uh yeah i tried to go to live leak and stuff like that it might be on now this was like five |
[1400.54 --> 1405.66] hours ago but yeah it doesn't appear to be available uh gizmodo like he already said asked amazon to publish |
[1405.66 --> 1411.10] the video and yeah basically the rest of it is just what what was already spoken about so you have a |
[1411.10 --> 1418.22] you have a hot take i have some problems with this okay okay full disclosure first unions are awesome |
[1418.22 --> 1425.66] those lights just died sometimes they're really really important when you need a union you need a union |
[1425.66 --> 1433.58] i'm not anti-union at all but i'm also not pro-union it depends it depends in an ideal world |
[1433.58 --> 1439.02] there'd be no unions because in an ideal world every employer would treat would would it would treat their |
[1439.02 --> 1445.98] employees really well now the fact that this story when you read about it like i had to |
[1445.98 --> 1451.42] really scrutinize this article to to figure out like oh this is actually talking about whole foods |
[1451.42 --> 1456.62] it's not talking about amazon oh because it's it only says that like in one place near the top and one |
[1456.62 --> 1460.78] place near the bottom and the rest is it talks about amazon's track record of like people peeing in |
[1460.78 --> 1466.14] bottles or amazon yeah there's been some pretty brutal news out of amazon yeah and everyone knows amazon |
[1466.14 --> 1471.90] sucks in that way or has and especially if you're a low-end employee yeah and that level that they |
[1471.90 --> 1476.22] dodge paying taxes and that they like kind of strong arm the cities that they operate in to give |
[1476.22 --> 1481.66] them favorable like subsidies and and tax exemptions and stuff like that so they're really focused on |
[1481.66 --> 1487.34] having a on benefiting the customer they're obsessed with the customer at the expense of of other things |
[1487.34 --> 1494.54] like employee happiness but this is about whole foods and whole foods has its own ceo and you know i |
[1494.54 --> 1499.74] i guess ostensibly like its own practices and stuff i don't know how entangled those two companies are |
[1499.74 --> 1508.30] but that's just one thing i wanted to keep in mind um obviously it would it would definitely be the |
[1508.30 --> 1513.74] case that amazon just like other big retailers like walmart or whoever a target who have been |
[1513.74 --> 1518.94] scrutinized for this in the past it would be really bad if they had their workers unionized i don't think |
[1518.94 --> 1523.34] it would be that bad for whole foods it'd be worse for amazon if they got you their workers got you |
[1523.34 --> 1531.26] yeah because i think a lot would have to change um i i have only ever personally been in one union |
[1531.90 --> 1536.30] i thought you're gonna say in one whole foods uh i think that might also be true |
[1537.34 --> 1541.82] uh there's a did you like nature's fair near here which is essentially the same thing i've been in |
[1541.82 --> 1546.62] there a bunch of times that's like local all right yeah have you did you like working in a union no i |
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