Howard Schultz rejoins Starbucks as interim CEO as the company faces multiple challenges, including an unprecedented wave of unionization at stores across the country.
Starbucks Executive Chairman Howard Schultz, seen at a shareholder meeting in 2018, returned to Starbucks as interim CEO on Monday. the departure of Kevin JohnsonSchultz built Starbucks into a global powerhouse over three decades, overseeing the company as it grew from 11 stores and 100 employees to 28,000 stores worldwide.
Starbucks employees celebrate after the votes to unionize are counted at one Buffalo, N.Y., location on Dec. 9, 2021. "It's happening, and we have the support we need," says Claire Picciano, a barista and barista trainer at a Starbucks store in Springfield, Va., that will be voting on a union April 13 and 14."We have customers. We have each other. Nothing they do is going to change like the way the train's going.
In October, the company said it would spend $20 billion on dividends and stock buybacks over three years. When companies use cash to purchase shares of their own stock it normally boosts the stock price. So investors looking for short-term gains like stock buybacks. But it means less money invested in company operations.Schultz has urged employees to reject union
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Howard Schultz returns to Starbucks as CEO amid labor uprisingStarbucks has started to unionize in several locations, with dozens more considering a vote to do the same.
Weiterlesen »
Howard Schultz Is Back as Starbucks CEO. Here’s His To-Do List.The executive is taking the helm at the coffee chain for the third time as consumers face higher prices, some employees are dissatisfied and its key China market is challenged.
Weiterlesen »
Disney shareholder tells CEO Chapek to stop wasting money on 'political crusades'A Disney shareholder is speaking out against the company's involvement in Florida politics by actively opposing the Republican-led 'Parental Rights in Education' bill championed by Republican Gov. Ron DeSantis.
Weiterlesen »
Brazil's Petrobras CEO appointee may face conflict of interest probeThe prosecutor's office at Brazil's federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro's appointment of Adriano Pires as chief executive of state-run oil company Petroleo Brasileiro , for a possible conflict of interest.
Weiterlesen »
Tesla CEO Elon Musk Shares Dogecoin Video — Says It 'Explains Everything' – Altcoins Bitcoin NewsTesla CEO Elon Musk shares a dogecoin video on Twitter in a conversation about bitcoin. He says, “this video explains everything.”
Weiterlesen »
Tesla CEO Elon Musk takes a 9% stake in TwitterTesla CEO Elon Musk is taking a 9.2% stake in Twitter.
Weiterlesen »