John Catsimatidis He is a 74-year-old Greek billionaire who immigrated to the United States decades ago. There he founded a supermarket chain in Manhattan and a $2 billion real estate and aviation company.
In the last few hours he presented a book and in that context he took the opportunity to launch a devastating criticism of Generation Z: “In my youth I worked 70 hours a week in a supermarket, now Generation Z is too busy on TikTok” to take measures similar said without hesitation.
“This is one of the problems we are having in our country these days, kids are busy playing TikTok,” he told the Daily Mail in an interview.
Additionally, he shared a personal anecdote with the same medium, as the billionaire recounted that his mother forced him to work during the summer holidays “throwing” him from an armchair to prevent him from “wasting time”.
“I was willing to sleep on the couch all summer and watch TV,” she told the publication.
Today, the 74-year-old is worth $4.1 billion, thanks in large part to his ownership of Gristedes Food, a New York grocery store chain, and an aviation and real estate company called the Red Apple Group, according to Forbes.
Catsimatidis told the Daily Mail that her advice to people striving to develop their careers is Hire people smarter than you, train and stay out of trouble.
He also said he believes the work ethic is stuck or sidelined for many workers today.
“The harder you work, the easier it is to win,” she says. “Look at people who only work three days a week and I’ll show you the failures.”
Catsimatidis is one of many tycoons who have criticized the work ethic of the younger generation. Last year, Whole Foods co-founder John Mackey said it younger “It looks like they don’t want to work.” And more recently, Keith Rabois, a PayPal insider, accused some workers of doing “phony jobs.”
In 2022, a survey by the World Economic Forum revealed that nearly half of Gen Z workers would quit their jobs if it negatively affected their work-life balance.
Mary Ortiz is a seasoned journalist with a passion for world events. As a writer for News Rebeat, she brings a fresh perspective to the latest global happenings and provides in-depth coverage that offers a deeper understanding of the world around us.