transcript

Prop 22 Asks: Should App-Based Drivers Be Classified as Contractors Instead of Employees? (Transcript)

Sam Harnett [00:05:17] So that means if you’re driving for Uber and let’s say you don’t get a ride for an hour, well, you don’t get paid for that hour of driving around even though you were working. So that’s like a really important kind of distinction. And I guess, the thing with Proposition 22 is, it’s all – it all gets very complicated in the details, but basically, if you look at the package, it’s going to guarantee a slight improvement to the benefits and protections for the contractors, but it’s far short of what you’d get in employee status.

Olivia Allen-Price [00:05:42] Could other industries be impacted if this passes.

Sam Harnett [00:05:45] It creates this sort of third category that you can bet that corporations are going to go for because they can see a way to make money. And if you remember, Uber and Lyft, you know, started the gig app trend, but Instacart, PostMates, DoorDash, all these companies followed Uber and Lyft by creating apps to create more jobs that were contractor and not employee. So, you can bet that a lot of other industries, if they can figure out a way, you know, if trucking can get on an app, you know, maybe there’s a way to have warehouse workers work through an app. This opens the door for more companies to try to find ways to fit this model because contractors are way cheaper than employees.

Olivia Allen-Price [00:06:24] Now, what are these companies like Uber, Lyft, Instacart, DoorDash, etc., what are their arguments for why people should vote for 22?

Sam Harnett [00:06:32] I’d say their primary argument is: This will allow us to keep operating as we were operating. It’s basically a pitch to consumers saying, hey, you know, you liked

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Bed Bath & Beyond Inc. (BBBY) CEO Mark Tritton on Q2 2020 Results – Earnings Call Transcript

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Q2 2020 Earnings Conference Call October 1, 2020 8:00 AM ET

Company Participants

Janet Barth – VP, IR

Mark Tritton – President & CEO

Gustavo Arnal – CFO & Treasurer

John Hartmann – COO and President, buybuy BABY

Cindy Davis – Chief Brand Officer and President of Decorist

Conference Call Participants

Peter Benedict – Baird

Steven Forbes – Guggenheim Securities

Brad Thomas – KeyBanc Capital Markets

Michael Lasser – UBS

Simeon Gutman – Morgan Stanley

Kate McShane – Goldman Sachs

Bobby Griffin – Raymond James

Christopher Horvers – JPMorgan

Curt Nagle – Bank of America

Seth Basham – Wedbush Securities

Operator

Welcome to the Bed Bath & Beyond’s Fiscal 2020 Second Quarter Earnings Call. All participants will be in a listen-only mode until the QA portion of the call. Today’s conference call is being recorded. The rebroadcast of the conference call will be available via webcast found on the company’s Investor Relations website.

At this time, I would now like to turn the conference over to Janet Barth, Vice President of Investor Relations. Please, go ahead.

Janet Barth

Thank you, and good morning, everyone. Welcome to our fiscal 2020 second quarter earnings call. On the call with us today is President and CEO, Mark Tritton; Chief Financial Officer and Treasurer, Gustavo Arnal; Chief Operating Officer and President of buybuy BABY, John Hartmann; and Chief Brand Officer and President of Decorist, Cindy Davis.

Before we begin, let me remind you that our fiscal 2020 second quarter earnings release and slide presentation can be found in the Investor Relations section of our website at www.bedbathandbeyond.com and as exhibits to the Form 8-K we just filed ahead of this call.

This conference call and the slides we refer to may contain forward-looking statements, including statements about or

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