With a $101.33 billion market cap, Starbucks Corporation (SBUX) is the largest coffee chain in the world. The company operates through three segments: North America; International; and Channel Development. In addition, SBUX has an ISS Governance QualityScore of 1, indicating low governance risk.
On April 4, SBUX founder Howard Schultz was appointed as the interim CEO of the company and as a Director on the board. Following his reappointment, he said, “I am returning to the company to work with all of you to design our next Starbucks — an evolution of our company deep with purpose, where we each have agency and where we work together to create a positive impact in the world … Our vision is to once again reimagine a first-of-a-kind for-purpose company in which the value we create for each of us as partners, for each of us as customers, for our communities, for the planet, for shareholders — comes because our company is designed to share success with each of us and for the collective success of all our stakeholders.”
