Starbucks new CEO Laxman Narasimhan led his first shareholder annual meeting Thursday, facing investors' questions just days after he took over the role from longtime leader Howard Schultz.
Shareholders presented five proposals, including a more robust CEO succession plan and an assessment on the company's alleged anti-union practices. Seattle-based Starbucks recommended voting against all shareholder-introduced proposals. The votes will be announced within four days through a filing with the Securities and Exchange Commission.
In the meeting, Narasimhan laid out his monthslong process to acclimate to the coffee giant since he was announced CEO in September.
