The summary of the attached article is that Panda Express is privately owned. They are touting that they help employees to become homeowners. Sounds nice, right?
The company made $7 billion last year and has about 55,000 employees - most of which are hourly people making a little above minimum wage.
There are some managers in the ranks, and they start at $65k, while the higher level managers can make as much as $200k.
And this “help” they provide is in the general benefits package. It teaches people what it takes to buy a house and suggests ways to save money for a down payment and how to afford monthly payments.
It strikes me that this kind of thing really should be in every company’s benefits package. It’s nothing special, really.
And it’s a sad statement on the nature of things that greasy chicken from a mall food court is an industry this large - and the owners just rake in that money.
By the way, the company does run a children’s charity. But it’s not funded by the company or its owners. Rather, they ask customers to “round up” and that money goes to the charity.
So it’s not like the owners are doing much, really…

