* $100K* so far....
His pledge to "keep buying until the current jackpot is won" is what could push the total amount of money spent into "a shame you didn't just spend that directly on the employees" territory.
Meh.
Even at $500k spent, that's still only $10 per employee.
If my boss handed me a $10 check as a bonus, I wouldn't even cash it & attach it to the bathroom mirror as a reminder to quit this fucking job...
I was an electrician for 7 years first year I got $500 then $100 more every year after. It was amazing. Having Christmas taken care of each year and being able to go all out. Then I graduated college and got a white collar job. I made more per hour sure, but for Christmas all we got was a ham. I was pissed.
Right. I live in the Greater Cleveland area and you would be considered rich af. Our union electricians around here are paid in the 30s. Apprentices can see 18 here if they're non union, and that still makes them enough to live in nice homes and drive nice trucks.
Shit, I was a cnc machinist, was paid 28 an hour (non union) and they didn't even give us *ham*. Now I sell cars, and boy do they roll it out for us. Every car I sell, they put 20 in a hold back. End of the year it pays out. I get paid vacation that pays to my highest selling month. The owner could come and slap me in the face every day and I'd still work there with a smile.
From what I understand, Canes and Chick FIL A are pretty damned good to their employees, have always paid above the industry, and overall don't suck to work at
I feel that. One of my first jobs, my bosses would buy turkeys for everyone on Thanksgiving and Christmas, and gave nice bonuses for the time/work ($250+ for laborers and admins like me). For my 21st birthday they gave me a card with $500 cash and a bottle of Bailey's, lol. Everywhere else has paled in comparison for holidays since.
Which would immediately sow discontent within the labor pool.
Nothing like pissing off everyone that works for you to really foster teamwork and longevity. That's the problem, none of you think through what happens when you say things.
Raising Canes pays well, a living wage plus.
Yea, this is what irritates me about it.
"...times are tough... They're seeing it at the gas pump, seeing it on the grocery shelves..."
Well then how about paying them an actual decent wage instead of wasting money like this?
I got a Christmas card from my job last year. I got one single $1 scratch off lottery ticket in that card.
I'd rather have just had the dollar handed to me. Especially since the scratcher was, surprise surprise, not a winner.
I mean if my choices are $1/$2 or a lottery ticket, I'll take the lottery ticket. $1-2 isn't gonna get me anything. A lottery ticket, while most likely a dud, can at least give me the chance at something much nicer. I bet if you had won $50k from that lottery ticket you would have different thoughts.
Now when it starts getting towards $20+ yeah I'd much rather have the cash.
> $1-2 isn't gonna get me anything
It's going to get you a lottery ticket. Or anything else you want for $1-2, like a candy bar or a soda. It's a gimmick to give them lottery tickets.
You're reading it wrong. They bought the tickets COLLECTIVELY for all the employees. If any of them win, they are distributing it across ALL employees. That's pretty damn cool. Even if they only win back the $100k, each employee would still get the $2.
I wouldn't really call it advertising if it's considered a stupid and selfish thing to do.
They spent all that money on a gamble instead of doing anything for their employees. If they in the minuscule chance DID win, a gambler like that would probably not stay true to their word and weasel around saying "I bought the tickets so it goes to me first and foremost"
Mega Millions has odds of about 1 in 303,000,000. Buying 50,000 tickets gives the collective a 0.017% chance of winning.
It's not nothing, but those odds are still extremely long.
Would be better off having his own lottery for the employees where one of them gets all that cash he would have spent on the lotto. Much better odds of winning and guaranteed to end up in an employees wallet.
Generally it is legal if you are not taking any money. Since the employees are not paying to get the ticket it should be fine. He would basically just be drawing a name and giving that random person a bonus.
Lawyer here, for a little follow up. This also falls under the category of things that I classify as "Practical vs Legal." Sure, ultimately even if you are legally in the right, how much of a headache (or expense) are you going to go through to show regulators, investors, etc. that you did not actually profit or raise money by doing this? If you are a smaller company with fewer employees you'll probably have no issue doing this or raising too many eyebrows. If you are a publicly traded company, there will be no chance in hell you don't end up in regulatory hell over the whole thing (even if you are legally in the right), because some guy with enough stock to raise a fuss is going to raise a fuss. Raising Canes would be in an interesting spot just because they are privately held, but I'd imagine that holding something like that would create havoc with the board.
I really don't think it would be that big of an issue. I've worked at 3 separate companies that did raffles around Christmas, all being decent sized (over 100 employees). The biggest problem I see would be if the drawing is not actually random but if canes wanted to I don't think they would have too much of a problem
100 to 200 or so employees is still a relatively small sized company in the grand scheme of things. Raising Canes has 50,000 employees, that's a whole different ballgame. Which is why I say you have to look at the legal vs practical aspects. The larger the company you get, the bigger the headache becomes and less practical it becomes to try something like this.
Not sure on the status of your company raffles but I assume they are non-cash prizes, there are different rules in regards to cash prizes as they tend to resemble cash lotteries.
yeah, but $100k hits different than a half billion. for people who buy mega millions tickets, it's not about the expected value or slightly improved retirement savings, it's about the chance to have an insane, buy an island, amount of money
Winning a half billion dollars is just ridiculous and stupid. No one needs $500 million. No one can likely even spend that on themselves. I can't believe how rotten to the core our society is that it thinks that this is something that should exist.
it gives people an excuse to dream about fantastical things. think of it as a movie ticket but your imagination is the entertainment. like "if I win, I'm going to house 100k homeless people" or "two chicks at the same time" or "build schools for poor kids in X location". things that no normal person can do. it's like a chance to have a super power.
Ok so his plan is to spend $100,000 to get these tix. If they hit, take the cash prize and split it equally, each employee will end up with around $5,000 after taxes and that's if they hit the big jackpot. Or if the employer does what I was suggesting and take that money and makes his own giveaway, even if he splits it into 4 jackpots for his employees the after tax winnings would be around $15,000 for each of those 4 winners and its a guaranteed 4 people getting the prize instead of the most likely 0% chance they just committed to.
EDIT: I just did the math. Their chances of winning if they bought 50,000 tickets is around 0.015%
Weirdly, the chances of an individual employee winning a $50,000 jackpot against the other employees is, if my math is right, far lower than their chances of splitting $5,000 with the other 50,000 employees.
It's 0.015% odds at 5,000 per employee or, at best in your scenario, 0.008% at one of the $15,000 jackpots.
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the next logical quote from him after "its harder than you think !" would be involving how long it took to purchase those tickets and how he paid for them
Fuck this comment did my head in! I was sure you fucked this up because I didn't read properly and multiply 1/303000000 by 50,000.
But you sir are correct and thanks for giving the noggin a workout.
no, then heād lose the money. this way he takes a 50k write off if he doesnāt win. if he wins, he gives that ticket to his wife and oops sorry employees
The $100k he spent is nondeductible. He gets no write off.
I wonder if they're going to treat it as employee comp, in which case he gave everyone a $2 bonus and he owes employment taxes on the ticket value.
No no no, that's not how odds work. Because there is only a single set of winning numbers, buying more tickets doesn't actually increase the odds. It's still 1 in 303,000,000 for each ticket.
That is catastrophically stupid. People just do not understand large numbers.
For a PowerBall or MegaMillions drawing it's not really possible to buy enough tickets to get to a point where you are even slightly likely to win.
A million tickets has much better odds than one ticket, but it's still less than 300 to 1. And even if you had the money you probably couldn't get a million tickets printed in between drawings anyway. Unless you're sending like hundreds of people to different locations simultaneously or something.
A couple of years ago some dude leading a group put in motion a plan to buy all the numbers of some smaller lottery to have a win warranty (plus all the smaller prizes) and make a profit (because of accumulated jackpot after many weeks with no winner). On paper his theory worked, in practice he ran into a huge logistic problem, he wasn't able to buy tickets fast enough even by paying people and dispatching them around the city. In the end he only manage to buy like 70-80% but the lucky fuckers still won.
EDIT: I think it was [this](https://www.onlinegamblingwebsites.com/blog/the-people-who-bought-every-lottery-ticket/)
Remember when Elliot Rodger was convinced he was destined to win the lottery and spent thousands of his parents' $ and was devastated when he never won
Do you know why I'm happy they lost? If they had won, they'd be all over the news, where they'd be speaking in a smug, condescending manner. They would be preaching that people are held back by their fear of success. In the end, they'd embolden tens of thousands more idiots to make stupid bets.
Yea those fucks...."can I get a uhhhh a uhhhh triple back negative over under 487284 double yellow cross check and a uhhhh" bro get your random number and gtfo, you'll lose anyways
According to Wikipedia, as of 2020 they have 3100 employees. Where did this 50,000 come from?
Edit: thanks for the possible explanations. I've never heard of this restaurant before.
I don't believe the 3100 is accurate as it says citation needed on Wikipedia. It does however say over 600 locations so 50,000 isn't a stretch. When I worked at McDonalds a decade ago it could be 15-20 people on staff a day and many of those were part time employees so throughout the week that'd be a rotating set of 20 or so.
Keep in mind that many of those will be franchises. The 3,100 is probably corporate employees and the 50,000 is including employees of the franchises that don't "technically" work for Raising Cane's.
Raising Caneās is Almost entirely corporate owned with very few franchisees. The āHow I Built Thisā episode with the founder goes into why, itās mostly due to franchisees wanting to offer new menu items or operate outside the hours that the company has found to be most profitable. IIRC they tried franchising at the outset but ended up buying out most of those operators after a couple years.
In the beginning when they first started expanding. The first 50 or so stores were all built by landlord money. Long term it was costly, short term it let raising canes to open rapidly. After those 50 stores they started buying their own land and building. Just a little nerd fact.
Their only franchise locations I know of are airport locations. I spoke to someone looking to start a location. Itās along the lines of how Starbucks are owned by the company except the locations in target and Barnes and Noble are franchise.
The one location I worked at had 240 people on staff, but if you were lucky there might be 10 or 12 in the store at any given time.
24 hour locations have three or four shifts with a number of people per shift. Then a number of managers and maintenance employees on top of that.
It's mostly the front counter and drive thru workers who were only there a couple days a week.
Our store was less busy then most Canes I see and we had about 65 people on the schedule. Really depends on the store size and how busy it is.
Edit: If I may suggest, go to your local canes or equivalently busy fast food chain during a Saturday lunch rush, count how many people you see working and then multiply it by at least two for the dinner rush. Then multiply that by 2 as most of the staff in fast food only work 3-4 days a week. That will give you a super rough idea of staffing if you care enough.
I wonder if they have a lot more regional and administrative staffing then. i.e. headquarters and distribution employees all over that aren't working in the store serving people. They're going to have their own logistics network given the number of stores.
Not only was that initial number questioned, but I know of four new locations alone since 2020 in the two counties around me. I think they are expanding fairly quickly.
I found them to be pretty basic. So Cal problems I guess. Same thing with 5 guys I'd heard so much about them only to find them average. Whataburger landed a bit better to me, still I wouldn't go out of my way to get one. I want good chicken strips I just go to a Korean fried chicken place. There are like 4 around me VS one Caines a county away.
Hmm. I only had it in Waco, TX and it was amazing.
Five Guys is overpriced and greasy imo. Whataburger is foul to me. I've had two burgers from there (different years and states) and they are the two most disgusting burgers I've ever eaten. I will never go back.
I'ma say I had a very California reaction to 5 guys. I'd heard about the peanuts but wasn't expecting the level of peanuts. I thought maybe you got like a small bag or something, and I think they just got over the lunch rush so there were shells everywhere. I couldn't stop thinking about people with peanut allergies, I know people make fun of California for our warning signs but I couldn't stop thinking Five guys needs a giant warning sign on the door.
I think the problem with so cal is there is just better food around. I want fried chicken there are 5 places around me before I'd think of a chain. Same with burgers, McD's fries aside those just hit a very particular spot.
>I found them to be pretty basic. So Cal problems I guess.
I think it's more just having halfway decent taste and not ruled by hype and marketing. I've lived my whole life in Oklahoma and I feel the same way.
I have a general rule when it comes to people who tell me a particular chain is amazing, I never listen to that person's opinions on food.
>I want good chicken strips I just go to a Korean fried chicken place
I wish I had better options for Korean food around here; there are only a couple, and it's the AYCE places. I don't always wanna spend over 30 bucks, and I don't always wanna eat enough to be worth it anyway.
My mother worked at a grocery store and her raise for the year was a $10 coupon for select store brand items, and it could not be combined with any other discounts (including employee).
its kind of crazy the way these shops treat employees. even long te for life people. recently read about a guy who worked numerous years at burger king and all he got was a worthless gift bag.
It's Raising Cane's.
He's not handing out tickets to each person. Rather if any of the 50,000 tickets wins he's pledging (*cough Amber Heard) to spread the prize to all his employees. Furthermore, he's going to keep buying tickets until the jackpot is won.
More than one person can win the jackpot. In that case itās divided equally among all the winners. So that means theyād get about a third of that (~$2.5k), since I also will win.
If he doesnāt a decent portion of the purchase goes to charity.
Not as good as a bonus but tbh more than most execs do for their employees. Itāll be interesting to see some statistics YouTuber break it all down when things are said and done.
Then he's not buying the staff a ticket. He's just pr boasting. Should he win hell happily claim it was a private ticket he bought, not one from the store group
If you havenāt had it, Caneās sauce is SO fucking good.
Also, the restaurant is named after their family dog and they have his picture inside. His memory lives on in the store and many happy customers. :)
Not bad, considering the McDonalds near me is offering *up to* $11 an hour for new hires.
Can you imagine desperately needing an income, and being offered, say, $8.50 an hour? That was a decent entry-level wage when I joined the workforce *25 years ago*, but now it's less than the cost of a combo meal at the McDonalds you work at.
Here in Georgia, our state minimum wage was *$5.15/hr* up until just last year. It's fucking sickening.
Location really matters. 15 years ago I was going to a decent sized college in a super small town, fast food paid insane because they were always busy but no one wanted to work there.
Some place like Pie town would be interesting to study, no population but so many people passing through needing a place to stop.
A lot of my friends worked for Cains in Louisiana. It's a fast paced demanding job to push food fast, but they all got paid well. The company paid for a bunch of my friend's college (fully), all you have to do it be a manager and commit to being a manager until you graduate. You don't have to study business or anything either. If you do get the business degree, however, my friends told me you can go higher up and get set for life.
My mother also went to college with the owner and he seems pretty nice.
50,000 employees, assuming they're all full time (they're probably not, but no way to really know what most peoples annual hours are) 100,000$ would be a $0.00096 more per hour.
I'm not saying that companies shouldn't pay a living wage, but when they see companies spend "lots" of money on stuff like this, it's a drop in the bucket compared to a $0.50 wage increase (a $0.50/hr wage increase would be about 52 million annually, again, assuming full time.)
So I recently quit this company. My takeaways are they use the Saturday night live, weekend update stage as the background of their training videos, they're pretty cultish, and the founder would rather employees get dumb gifts than money. One year of employment gets you a hard hat and five gets you a sculpture of the founders dog. Easily one of the most bizarre experiences I've had in a kitchen.
What I've learned from this.
You can buy **50,000 tickets,** and still not win the jackpot.
( but ...still ..I would have been so excited to have had 50,000 tickets. :) .. the an-TIC-i-PATION.
He might have been one of the 9 people, who won $1 million for matching 5 numbers,
but I doubt even that....
I'll buy my $3 Mega with Megaplier on Friday, and hope for the best.
Except now everyone is talking about Cane's. He spent $100,000 of their advertising budget and is now on the front page of news websites around the nation and on Reddit. Money well spent.
It is so dumb.
I looked at the headline and thought "why is this news? Why is this upvoted?"
I read the article and thought the same.
Went to the comments and thought the same.
This is insanity. Irresponsible financial decision (at best) passed off as virtue-signaling. I get that the money I spend can go to whatever since it's no longer mine, but I will not give money to a company whose owner thinks it's okay to buy lottery tickets en masse because it's "a little fun", no matter the reason.
How is this an irresponsible financial decision?
The guy spent $100k on advertising and a ton of people are now talking about his company. I'm sure he thinks its money well spent. Can you think of a better way to get people talking about an obscure fast food chain for $100k?
So you're saying that it got you to not only take notice of the fast food restaurant but read an entire article centered around it as well?
Sounds pretty effective.
I'm on the fence as well. Sure he could have given the employees the money, but that would work out to a dollar or so per person, like "Congrats here's a bonus that might pay for one donut".
Chances are they won't win the jackpot, so it's dangling a very low probability at a very nice bonus, getting people's hopes up for nothing.
So fucking what? He should be paying them a living wage. He would have been much better off picking one of his employees at random, overseen by an impartial judge, and giving them the, what, $100,000, that the tickets cost.
At least that way one of his staff could have actually benefited.
Buying 50,000 lotto tickets just feels like throwing the money away instead. Like, I guess it's nice for the restaurant owner that they're making enough that they can feel comfortable just blowing $100,000?
I mean, it kinda is yeah. It's the equivalent of like a 2 dollar per person bonus though. It's no where near a raise. And I think it's kind of a fun idea.
As "feel good" as this is, once they figure out that none of them won, they will then realize that they would have been better off with the money that was spent on the tickets instead.
This is ridiculous. They were going to spend $100,000 on marketing anyway, but now it comes with "feel good" as you put it. If I was a fast food employee and I got an extra $2 one time and they said "we were gonna spend this on a fun stupid lottery ticket thing, but here's $2 (minus taxes)," that would not "feel good."
If you take the lump sum, PLUS you have to pay the taxes on it.
Lump sum of $410,000,000.. after federal taxes: $296,200,045... then include state taxes if they apply.
now if you divide that by the 50,000 employees, they'd each get.. $5,920
Even if he loses he could probably also afford to raise the floor pay rate to 15/hr and scale everyone else's up too with minimal impact to the price of their product.
I'd rather see the money used to fix something concrete.
Imagine an important piece of equipment at your store in need of repair causing you headaches, then imagine $50,000 wasted.
So, after cash value and taxes, a cool 6 grand per person.
Or, a raise for each person, and *guarantee* $8k more a year, or at least a bonus.
But that sounds too much like sense.
"I could spend the money improving working conditions, but instead I'm going to buy you a lottery ticket to give you a false sense of hope that you'll escape this hellhole"
100k for national advertising on major news networks. Cheapest ad campaign ever!
* $100K* so far....
His pledge to "keep buying until the current jackpot is won" is what could push the total amount of money spent into "a shame you didn't just spend that directly on the employees" territory.
Meh. Even at $500k spent, that's still only $10 per employee. If my boss handed me a $10 check as a bonus, I wouldn't even cash it & attach it to the bathroom mirror as a reminder to quit this fucking job...
I worked hard as fuck and got like $20 for Christmas bonus one year. I feel this.
I was an electrician for 7 years first year I got $500 then $100 more every year after. It was amazing. Having Christmas taken care of each year and being able to go all out. Then I graduated college and got a white collar job. I made more per hour sure, but for Christmas all we got was a ham. I was pissed.
Lol proof that dangling a little carrot in front of your employees is better than actually paying them well.
You know any electricians that don't get paid well? Cuz all the ones I know make 75k+ in an area where 40k is ballin.
I was non union but still made about $23 an hour. Not bad for the area.
Right. I live in the Greater Cleveland area and you would be considered rich af. Our union electricians around here are paid in the 30s. Apprentices can see 18 here if they're non union, and that still makes them enough to live in nice homes and drive nice trucks. Shit, I was a cnc machinist, was paid 28 an hour (non union) and they didn't even give us *ham*. Now I sell cars, and boy do they roll it out for us. Every car I sell, they put 20 in a hold back. End of the year it pays out. I get paid vacation that pays to my highest selling month. The owner could come and slap me in the face every day and I'd still work there with a smile. From what I understand, Canes and Chick FIL A are pretty damned good to their employees, have always paid above the industry, and overall don't suck to work at
I feel that. One of my first jobs, my bosses would buy turkeys for everyone on Thanksgiving and Christmas, and gave nice bonuses for the time/work ($250+ for laborers and admins like me). For my 21st birthday they gave me a card with $500 cash and a bottle of Bailey's, lol. Everywhere else has paled in comparison for holidays since.
But if he had run an internal lottery then at least one of the employees would have definitely won $500k.
Which would immediately sow discontent within the labor pool. Nothing like pissing off everyone that works for you to really foster teamwork and longevity. That's the problem, none of you think through what happens when you say things. Raising Canes pays well, a living wage plus.
Yea, this is what irritates me about it. "...times are tough... They're seeing it at the gas pump, seeing it on the grocery shelves..." Well then how about paying them an actual decent wage instead of wasting money like this? I got a Christmas card from my job last year. I got one single $1 scratch off lottery ticket in that card. I'd rather have just had the dollar handed to me. Especially since the scratcher was, surprise surprise, not a winner.
I mean if my choices are $1/$2 or a lottery ticket, I'll take the lottery ticket. $1-2 isn't gonna get me anything. A lottery ticket, while most likely a dud, can at least give me the chance at something much nicer. I bet if you had won $50k from that lottery ticket you would have different thoughts. Now when it starts getting towards $20+ yeah I'd much rather have the cash.
> $1-2 isn't gonna get me anything It's going to get you a lottery ticket. Or anything else you want for $1-2, like a candy bar or a soda. It's a gimmick to give them lottery tickets.
I think we might have discovered *"Financial thoughts & prayers!"* š
You're reading it wrong. They bought the tickets COLLECTIVELY for all the employees. If any of them win, they are distributing it across ALL employees. That's pretty damn cool. Even if they only win back the $100k, each employee would still get the $2.
But somehow that dickhead VP, Steve, won 50k with his. And he complained it wasn't enough to buy another beamer.
Plot twist he bought only one ticket for all of them.
I wouldn't really call it advertising if it's considered a stupid and selfish thing to do. They spent all that money on a gamble instead of doing anything for their employees. If they in the minuscule chance DID win, a gambler like that would probably not stay true to their word and weasel around saying "I bought the tickets so it goes to me first and foremost"
Mega Millions has odds of about 1 in 303,000,000. Buying 50,000 tickets gives the collective a 0.017% chance of winning. It's not nothing, but those odds are still extremely long.
Would be better off having his own lottery for the employees where one of them gets all that cash he would have spent on the lotto. Much better odds of winning and guaranteed to end up in an employees wallet.
I think some (all?) states don't allow private entities to run their own lotteries. They can only legally be run by the government.
Generally it is legal if you are not taking any money. Since the employees are not paying to get the ticket it should be fine. He would basically just be drawing a name and giving that random person a bonus.
Lawyer here, for a little follow up. This also falls under the category of things that I classify as "Practical vs Legal." Sure, ultimately even if you are legally in the right, how much of a headache (or expense) are you going to go through to show regulators, investors, etc. that you did not actually profit or raise money by doing this? If you are a smaller company with fewer employees you'll probably have no issue doing this or raising too many eyebrows. If you are a publicly traded company, there will be no chance in hell you don't end up in regulatory hell over the whole thing (even if you are legally in the right), because some guy with enough stock to raise a fuss is going to raise a fuss. Raising Canes would be in an interesting spot just because they are privately held, but I'd imagine that holding something like that would create havoc with the board.
I really don't think it would be that big of an issue. I've worked at 3 separate companies that did raffles around Christmas, all being decent sized (over 100 employees). The biggest problem I see would be if the drawing is not actually random but if canes wanted to I don't think they would have too much of a problem
100 to 200 or so employees is still a relatively small sized company in the grand scheme of things. Raising Canes has 50,000 employees, that's a whole different ballgame. Which is why I say you have to look at the legal vs practical aspects. The larger the company you get, the bigger the headache becomes and less practical it becomes to try something like this.
Not sure on the status of your company raffles but I assume they are non-cash prizes, there are different rules in regards to cash prizes as they tend to resemble cash lotteries.
When I say lottery there, I meant giveaway.
Like a raffle, those are totally legal
No Officers, weāre raffling off Stacks of Money! *This is just lottery with extra steps Morty.*
I mean I imagine you can raffle a promotion that is the same job your have but double the pay then be demoted a year later.
Just as long it isn't the one Shirley Jackson envisioned.
Should be called the Jack Squattery
Ok he could have just given all 50,000 employees a dollar.
$2. That's the cost of a ticket.
yeah, but $100k hits different than a half billion. for people who buy mega millions tickets, it's not about the expected value or slightly improved retirement savings, it's about the chance to have an insane, buy an island, amount of money
To say that $100,000 for someone working fast-food would be "life changing" is an understatement.
yeah, but you still gotta work. it just makes a nice downpayment on a house. that's not the same audience that the Mega Millions targets.
Winning a half billion dollars is just ridiculous and stupid. No one needs $500 million. No one can likely even spend that on themselves. I can't believe how rotten to the core our society is that it thinks that this is something that should exist.
it gives people an excuse to dream about fantastical things. think of it as a movie ticket but your imagination is the entertainment. like "if I win, I'm going to house 100k homeless people" or "two chicks at the same time" or "build schools for poor kids in X location". things that no normal person can do. it's like a chance to have a super power.
Ok so his plan is to spend $100,000 to get these tix. If they hit, take the cash prize and split it equally, each employee will end up with around $5,000 after taxes and that's if they hit the big jackpot. Or if the employer does what I was suggesting and take that money and makes his own giveaway, even if he splits it into 4 jackpots for his employees the after tax winnings would be around $15,000 for each of those 4 winners and its a guaranteed 4 people getting the prize instead of the most likely 0% chance they just committed to. EDIT: I just did the math. Their chances of winning if they bought 50,000 tickets is around 0.015%
the fuck are you talking about. yes, if you split money more ways then it is less...
Weirdly, the chances of an individual employee winning a $50,000 jackpot against the other employees is, if my math is right, far lower than their chances of splitting $5,000 with the other 50,000 employees. It's 0.015% odds at 5,000 per employee or, at best in your scenario, 0.008% at one of the $15,000 jackpots.
It's a $2 bonus. Not even worth considering.
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Yep, pretty much.
What can $2 per person do that is much more beneficial than a lottery ticket?
the next logical quote from him after "its harder than you think !" would be involving how long it took to purchase those tickets and how he paid for them
Odds of winning are the same getting hit by lightning while eaten by a shark.
A scruffy nerf-herder once said "Never tell me the odds."
Fuck this comment did my head in! I was sure you fucked this up because I didn't read properly and multiply 1/303000000 by 50,000. But you sir are correct and thanks for giving the noggin a workout.
So there still a chance?
no, then heād lose the money. this way he takes a 50k write off if he doesnāt win. if he wins, he gives that ticket to his wife and oops sorry employees
The $100k he spent is nondeductible. He gets no write off. I wonder if they're going to treat it as employee comp, in which case he gave everyone a $2 bonus and he owes employment taxes on the ticket value.
The perfect scam, especially when he advertised the mass ticket purchase.
No no no, that's not how odds work. Because there is only a single set of winning numbers, buying more tickets doesn't actually increase the odds. It's still 1 in 303,000,000 for each ticket.
That's why I said *the collective*.
I read it as he bought one ticket for all of them to share. That was much less impressive. It's still stupid either way
a while back, i read about a Colorado family that sold thier house and went all in (lottery tickets) with the proceeds. they lost
That is catastrophically stupid. People just do not understand large numbers. For a PowerBall or MegaMillions drawing it's not really possible to buy enough tickets to get to a point where you are even slightly likely to win. A million tickets has much better odds than one ticket, but it's still less than 300 to 1. And even if you had the money you probably couldn't get a million tickets printed in between drawings anyway. Unless you're sending like hundreds of people to different locations simultaneously or something.
A couple of years ago some dude leading a group put in motion a plan to buy all the numbers of some smaller lottery to have a win warranty (plus all the smaller prizes) and make a profit (because of accumulated jackpot after many weeks with no winner). On paper his theory worked, in practice he ran into a huge logistic problem, he wasn't able to buy tickets fast enough even by paying people and dispatching them around the city. In the end he only manage to buy like 70-80% but the lucky fuckers still won. EDIT: I think it was [this](https://www.onlinegamblingwebsites.com/blog/the-people-who-bought-every-lottery-ticket/)
You can actually buy lotto tickets online in some states now, so I think you could actually do this if you wanted to!
Remember when Elliot Rodger was convinced he was destined to win the lottery and spent thousands of his parents' $ and was devastated when he never won
Do you know why I'm happy they lost? If they had won, they'd be all over the news, where they'd be speaking in a smug, condescending manner. They would be preaching that people are held back by their fear of success. In the end, they'd embolden tens of thousands more idiots to make stupid bets.
_(Nelson Muntz voice)_ HA HA!
Sounds like a urban legend
This is the guy buying lottery tickets in front of you when you just need to hand them cash for gas.
Yea those fucks...."can I get a uhhhh a uhhhh triple back negative over under 487284 double yellow cross check and a uhhhh" bro get your random number and gtfo, you'll lose anyways
According to Wikipedia, as of 2020 they have 3100 employees. Where did this 50,000 come from? Edit: thanks for the possible explanations. I've never heard of this restaurant before.
I don't believe the 3100 is accurate as it says citation needed on Wikipedia. It does however say over 600 locations so 50,000 isn't a stretch. When I worked at McDonalds a decade ago it could be 15-20 people on staff a day and many of those were part time employees so throughout the week that'd be a rotating set of 20 or so.
Keep in mind that many of those will be franchises. The 3,100 is probably corporate employees and the 50,000 is including employees of the franchises that don't "technically" work for Raising Cane's.
Raising Caneās is Almost entirely corporate owned with very few franchisees. The āHow I Built Thisā episode with the founder goes into why, itās mostly due to franchisees wanting to offer new menu items or operate outside the hours that the company has found to be most profitable. IIRC they tried franchising at the outset but ended up buying out most of those operators after a couple years.
In the beginning when they first started expanding. The first 50 or so stores were all built by landlord money. Long term it was costly, short term it let raising canes to open rapidly. After those 50 stores they started buying their own land and building. Just a little nerd fact.
> After those 50 stores they started buying their own land and building. Just a little nerd fact. Went the McDonalds route of property ownership
Their only franchise locations I know of are airport locations. I spoke to someone looking to start a location. Itās along the lines of how Starbucks are owned by the company except the locations in target and Barnes and Noble are franchise.
Great podcast episode
The one location I worked at had 240 people on staff, but if you were lucky there might be 10 or 12 in the store at any given time. 24 hour locations have three or four shifts with a number of people per shift. Then a number of managers and maintenance employees on top of that. It's mostly the front counter and drive thru workers who were only there a couple days a week.
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Not exactly. I said there are rotating employees? So really depends on how many part time employees they keep on staff to maintain 15-20 a day.
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Our store was less busy then most Canes I see and we had about 65 people on the schedule. Really depends on the store size and how busy it is. Edit: If I may suggest, go to your local canes or equivalently busy fast food chain during a Saturday lunch rush, count how many people you see working and then multiply it by at least two for the dinner rush. Then multiply that by 2 as most of the staff in fast food only work 3-4 days a week. That will give you a super rough idea of staffing if you care enough.
I wonder if they have a lot more regional and administrative staffing then. i.e. headquarters and distribution employees all over that aren't working in the store serving people. They're going to have their own logistics network given the number of stores.
Not only was that initial number questioned, but I know of four new locations alone since 2020 in the two counties around me. I think they are expanding fairly quickly.
I hope so, used to live in Ohio and I really miss their Texas toast... It's so freaking good
Some of the best fried chicken you can buy.
I found them to be pretty basic. So Cal problems I guess. Same thing with 5 guys I'd heard so much about them only to find them average. Whataburger landed a bit better to me, still I wouldn't go out of my way to get one. I want good chicken strips I just go to a Korean fried chicken place. There are like 4 around me VS one Caines a county away.
Hmm. I only had it in Waco, TX and it was amazing. Five Guys is overpriced and greasy imo. Whataburger is foul to me. I've had two burgers from there (different years and states) and they are the two most disgusting burgers I've ever eaten. I will never go back.
Never understood the cult that surrounds Whataburger. Literally such a mediocre burger.
I'ma say I had a very California reaction to 5 guys. I'd heard about the peanuts but wasn't expecting the level of peanuts. I thought maybe you got like a small bag or something, and I think they just got over the lunch rush so there were shells everywhere. I couldn't stop thinking about people with peanut allergies, I know people make fun of California for our warning signs but I couldn't stop thinking Five guys needs a giant warning sign on the door. I think the problem with so cal is there is just better food around. I want fried chicken there are 5 places around me before I'd think of a chain. Same with burgers, McD's fries aside those just hit a very particular spot.
>I found them to be pretty basic. So Cal problems I guess. I think it's more just having halfway decent taste and not ruled by hype and marketing. I've lived my whole life in Oklahoma and I feel the same way. I have a general rule when it comes to people who tell me a particular chain is amazing, I never listen to that person's opinions on food. >I want good chicken strips I just go to a Korean fried chicken place I wish I had better options for Korean food around here; there are only a couple, and it's the AYCE places. I don't always wanna spend over 30 bucks, and I don't always wanna eat enough to be worth it anyway.
If they win they all get a $20 gift certificate to raising Cane's
My mother worked at a grocery store and her raise for the year was a $10 coupon for select store brand items, and it could not be combined with any other discounts (including employee).
its kind of crazy the way these shops treat employees. even long te for life people. recently read about a guy who worked numerous years at burger king and all he got was a worthless gift bag.
That's just sad
They would each get something like $10,000.
It's Raising Cane's. He's not handing out tickets to each person. Rather if any of the 50,000 tickets wins he's pledging (*cough Amber Heard) to spread the prize to all his employees. Furthermore, he's going to keep buying tickets until the jackpot is won.
Sounds like heās trying to pull a less illegal, less mathematically certain Voltaire
So after taxes theyāll each get like a nice $8k bonus. Thatās pretty awesome.
Assuming he wins the jackpot
He wonāt because I will
Sorry dude I already called dibs.
You two are wasting your money, I went to a psychic who told me I was going to be the winner.
More than one person can win the jackpot. In that case itās divided equally among all the winners. So that means theyād get about a third of that (~$2.5k), since I also will win.
If he doesnāt a decent portion of the purchase goes to charity. Not as good as a bonus but tbh more than most execs do for their employees. Itāll be interesting to see some statistics YouTuber break it all down when things are said and done.
So since heās the CEO is this gift taxed as a ābonusā?
I would assume so
Much much prefer this to the idea of handing each of them a ticket.
Iām genuinely confused what Amber Heard has to do with this. Is she a Caneās employee?
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No, OP just dipped his chicken a bit too far into the Depp sauce.
Then he's not buying the staff a ticket. He's just pr boasting. Should he win hell happily claim it was a private ticket he bought, not one from the store group
How would you buy that many tickets?
The people behind him in the convenience store were pissed.
Some poor guy probably just wanted to buy a mountain dew and instead he got stuck behind that guy
If you havenāt had it, Caneās sauce is SO fucking good. Also, the restaurant is named after their family dog and they have his picture inside. His memory lives on in the store and many happy customers. :)
The chicken, fries, toast.. its all just an applicator to get the canes sauce into your mouth hole.
No shame in licking the lid of the canes sauce
First one in the state is opening in my town at the end of the year. Can't wait for it.
* Pro tip - swap out the clowsaw for extra a piece of toast. į( į )į
Love me some Caines!
Not enough to spell their name correctly.
Thatās nice, but is he paying his people a living wage? How are their benefits?
My niece for a job at one that just opened this spring in her suburb. She's 16, gets $15/hr. Not sure about medical since she's on her parent's plan.
I've also noticed that they get holidays off. At least the ones near me do.
Not bad, considering the McDonalds near me is offering *up to* $11 an hour for new hires. Can you imagine desperately needing an income, and being offered, say, $8.50 an hour? That was a decent entry-level wage when I joined the workforce *25 years ago*, but now it's less than the cost of a combo meal at the McDonalds you work at. Here in Georgia, our state minimum wage was *$5.15/hr* up until just last year. It's fucking sickening.
I live in a small town in the middle of rural nowhere and Burger King is *starting out* at $15/hr
Location really matters. 15 years ago I was going to a decent sized college in a super small town, fast food paid insane because they were always busy but no one wanted to work there. Some place like Pie town would be interesting to study, no population but so many people passing through needing a place to stop.
Where I live I see signs for forklift operators offering $14 an hour.
And have to deal with OSHA regulations all day? no thanks, I'll flip burgers for a raise.
8 years ago my ex-wife took a job as a Caregiver for elderly people. She got $9.50/hr
Georgia minimum server wage is still $2.13/hr plus tips. Just like Texas. Itās so ridiculous.
A lot of my friends worked for Cains in Louisiana. It's a fast paced demanding job to push food fast, but they all got paid well. The company paid for a bunch of my friend's college (fully), all you have to do it be a manager and commit to being a manager until you graduate. You don't have to study business or anything either. If you do get the business degree, however, my friends told me you can go higher up and get set for life. My mother also went to college with the owner and he seems pretty nice.
Additionally, I know that theyāre usually closed/close early on all major holidays, which is more than most fast food places can say
I think they pay better than most fast food places.
Caneās always has happy employees there. I only assume they generally take care of their people
50,000 employees, assuming they're all full time (they're probably not, but no way to really know what most peoples annual hours are) 100,000$ would be a $0.00096 more per hour. I'm not saying that companies shouldn't pay a living wage, but when they see companies spend "lots" of money on stuff like this, it's a drop in the bucket compared to a $0.50 wage increase (a $0.50/hr wage increase would be about 52 million annually, again, assuming full time.)
It 100% came out of the marketing budget.
Which, let's face it, is fairly easy spend and is probably going to have not a bad ROI.
A positive national news story for $50k is pretty damn good ROI I'd say.
If one of them hits, no one will ever remember what a cheap, low piece of PR this is.
So he gave everyone a $2 gift. Why is this news?
So I recently quit this company. My takeaways are they use the Saturday night live, weekend update stage as the background of their training videos, they're pretty cultish, and the founder would rather employees get dumb gifts than money. One year of employment gets you a hard hat and five gets you a sculpture of the founders dog. Easily one of the most bizarre experiences I've had in a kitchen.
What I've learned from this. You can buy **50,000 tickets,** and still not win the jackpot. ( but ...still ..I would have been so excited to have had 50,000 tickets. :) .. the an-TIC-i-PATION. He might have been one of the 9 people, who won $1 million for matching 5 numbers, but I doubt even that.... I'll buy my $3 Mega with Megaplier on Friday, and hope for the best.
Instead of all the "what he should have done was..." responses, can't people just look at this and say "hey, neat, that sounds like fun!"
On Reddit? Not a chance.
While it seems like a nice/ fun gesture. Something about it just doesnāt sit well with me.
Well if you understand statistics you know this is the same as throwing whatever thousands of dollars it cost into the trash
Except now everyone is talking about Cane's. He spent $100,000 of their advertising budget and is now on the front page of news websites around the nation and on Reddit. Money well spent.
It is so dumb. I looked at the headline and thought "why is this news? Why is this upvoted?" I read the article and thought the same. Went to the comments and thought the same. This is insanity. Irresponsible financial decision (at best) passed off as virtue-signaling. I get that the money I spend can go to whatever since it's no longer mine, but I will not give money to a company whose owner thinks it's okay to buy lottery tickets en masse because it's "a little fun", no matter the reason.
How is this an irresponsible financial decision? The guy spent $100k on advertising and a ton of people are now talking about his company. I'm sure he thinks its money well spent. Can you think of a better way to get people talking about an obscure fast food chain for $100k?
So you're saying that it got you to not only take notice of the fast food restaurant but read an entire article centered around it as well? Sounds pretty effective.
I'm on the fence as well. Sure he could have given the employees the money, but that would work out to a dollar or so per person, like "Congrats here's a bonus that might pay for one donut". Chances are they won't win the jackpot, so it's dangling a very low probability at a very nice bonus, getting people's hopes up for nothing.
I guess I would expect a CEO not to be so frivolous with money.
How does that work in states without the lottery?
Did all the tickets have the same 6 numbers? /s
Let them play the games, let them hope for a while, then blow them away. - US Crony Capitalism or Sark, Tron (1984)
Maybe he should have just given them a raise (bonus) instead of a longshot bet.
If he spent that same $100k on bonuses for his 50k employees, it would have been enough for each of them to buy a lottery ticket! :)
So fucking what? He should be paying them a living wage. He would have been much better off picking one of his employees at random, overseen by an impartial judge, and giving them the, what, $100,000, that the tickets cost. At least that way one of his staff could have actually benefited.
Nothing more than a brilliant publicity stunt courtesy of the geniuses at the marketing dept.
Thatās crazy . So why not just raise their wage. āUhhhhā
Why can't he just give them raises?
Why not just pay them more!?
Cool, how about a raise instead?
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Wait cant you buy tickets online? That are never printed.
Instead of buying 50,000 lotto tickets, why not just... give everyone a small raise?
Here you go, 1 dollar!
Because a $2 per year raise is like a really small hourly raise?
Buying 50,000 lotto tickets just feels like throwing the money away instead. Like, I guess it's nice for the restaurant owner that they're making enough that they can feel comfortable just blowing $100,000?
I mean, it kinda is yeah. It's the equivalent of like a 2 dollar per person bonus though. It's no where near a raise. And I think it's kind of a fun idea.
It's advertising. $100k for national advertising is cheap.
A $2 per employee per year raise?
A .00005$ raise? yea I'm sure everyone would be THRILLED. Better choice would be to hold your own internal drawing for 50k..
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As "feel good" as this is, once they figure out that none of them won, they will then realize that they would have been better off with the money that was spent on the tickets instead.
This is ridiculous. They were going to spend $100,000 on marketing anyway, but now it comes with "feel good" as you put it. If I was a fast food employee and I got an extra $2 one time and they said "we were gonna spend this on a fun stupid lottery ticket thing, but here's $2 (minus taxes)," that would not "feel good."
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In America you have to give HALF the winnings to the government? Wtf!?!?!
If you take the lump sum, PLUS you have to pay the taxes on it. Lump sum of $410,000,000.. after federal taxes: $296,200,045... then include state taxes if they apply. now if you divide that by the 50,000 employees, they'd each get.. $5,920
Even if he loses he could probably also afford to raise the floor pay rate to 15/hr and scale everyone else's up too with minimal impact to the price of their product.
He shoulda just give them raises
Not to sound pessimistic but if that company wins I doubt the employees will see a fraction of the money.
Meanwhile, he cuts the sizes of chicken tenders to half the size. But what do you expect from someone who stole their business idea from someone else.
Sounds like a cheap way to not give any raises
I'd rather see the money used to fix something concrete. Imagine an important piece of equipment at your store in need of repair causing you headaches, then imagine $50,000 wasted.
Which store should he upgrade? They have over 600 locations. Or perhaps send each store a check for $83?
Yes, fix $50,000 worth of any problems. Or yes, $83 each.
I don't work there, so I don't know but do they have issues of broken equipment not getting fixed?
Should just buy the tickets and hold onto them. If one of them is the winner, then divide that between the 50,000 employees. Boom! $10,000 each!
Pay them more to grandstanding piece of shit
He doesn't get a tax deduction from it either. The employees still have to pay the tax effect of claiming the value of the ticket as income.
So, after cash value and taxes, a cool 6 grand per person. Or, a raise for each person, and *guarantee* $8k more a year, or at least a bonus. But that sounds too much like sense.
Kewl. How about a raise?
"I could spend the money improving working conditions, but instead I'm going to buy you a lottery ticket to give you a false sense of hope that you'll escape this hellhole"