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The Latest Breaking News from Howard Schultz

Starbucks CEO Howard Schultz declines to testify in Sanders' hearing

Starbucks declined to make interim CEO Howard Schultz available to testify before Congress next month, according to a letter sent by Starbucks' general counsel Zabrina Jenkins on Tuesday.

Tribune News Service

In new role, Sanders demands answers from Starbucks' Schultz

As the new chairman of the Senate committee that oversees health and labor issues, Vermont Sen_ Bernie Sanders says some corporations “should be nervous.”

The Independent UK

China’s COVID chaos is showing up in corporate earnings

Both Apple and Starbucks blamed China's COVID lockdowns and record case surge for disappointing earnings.

Fortune

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Bernie Sanders tells Starbucks to stop busting unions in scathing letter to CEO Howard Schultz

Federal authorities have issued dozens of complaints against the retail coffee giant

The Independent UK

The walls are closing in on corporate employees as major CEOs at Disney and Starbucks demand that workers start returning to the office

The latest missives from high-profile CEOs could point to a major new development in the return-to-office wars.

Fortune

Starbucks CEO Howard Schultz complains workers ignored his earlier office mandates

Starting Jan. 30, Starbucks employees are expected to be in the office three days a week.

Fortune

Bernie Sanders backs Starbucks workers starting three day strike at 100 US stores

CEO Howard Schultz local coffeeshop among those closed as part of action

The Independent UK

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At 1st anniversary, Starbucks, union workers face reality check

SEATTLE — Starbucks workers and supporters rallied in major cities across the country Friday to celebrate the anniversary of the first unionized store in Buffalo, New York.

Tribune News Service

Will Bunch: Billionaires like Musk, Bankman-Fried didn't save the world. They wrecked it. Let's take it back

After growing up amid upper-middle-class affluence in Silicon Valley as the children of two Stanford Law School professors, as a super-smart kid who got into MIT to study physics, Sam Bankman-Fried decided in those teen years that he wanted to save the world in the worst way.

The Philadelphia Inquirer

Bob Iger joins ranks of 'Boomerang CEOs' with return to Disney

Yet one study suggests companies that bring back old CEOs do worse than firms that hire someone new.

Fortune

Starbucks under pressure to keep restrooms open to public

American Restroom Association is marking World Toilet Day on 19 November by calling on the coffee brand to ‘let the people go!’

The Guardian - US

Starbucks Q4 Earnings Highlights: Revenue And EPS Beat, The China Impact And More

Starbucks Corporation (NASDAQ: SBUX) reported fourth-quarter and full fiscal year results after the market close Thursday. Here are the key highlights.

Benzinga

Starbucks sued for allegedly ripping off coffee-flavored lip balm idea

Dr. Oz and a lip balm maker walk into a Starbucks. The punchline: A lawsuit is filed.

Tribune News Service

Starbucks workers have unionized at record speed; many fear retaliation now

More than 300 Starbucks stores have held union elections in less than a year, a remarkable feat. But now workers blame "scorched-earth" union busting by Starbucks for a slowdown in the momentum.

WEKU

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Salon

Starbucks accused of union retaliation

"Their goal is to retaliate against and punish union stores," said Starbucks Workers United

Chicago Sun-Times

Starbucks to revamp stores to speed service, boost morale

The company also said it plans to open 2,000 net new stores in the U.S. by 2025, with an emphasis on meeting the growing demand for new types of service, including drive-thru, mobile ordering and delivery.

Bangkok Post

Starbucks Interim CEO Maps Out Rebound for Coffee Chain

Starbucks Corp. interim chief executive Howard Schultz outlined a wide-ranging revamp of the coffee chain on Tuesday, ranging from cafe upgrades to expanded employee benefits, which he said is necessary to put the company on track for a turnaround by 2024.

Benzinga

4 Starbucks Analysts React To Investor Day: 'Attractive Risk-Reward And Valuation'

Starbucks Corporation (NASDAQ: SBUX) shares traded high by 1.2% on Wednesday after the company held its first investor day event since announcing Laxman Narasimhan will be taking over as the new CEO.

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The Guardian - US

You might think Starbucks is a ‘progressive’ company. You’d be wrong

Rarely in modern history have we seen a company that so exquisitely cultivates an image as a caring, progressive employer while actually acting like a bullying, union-busting gangster

Financial Times

US trade unions: Inside the revival brewing at Starbucks

The grassroots effort to organise workers at the coffee chain has spread to over 200 stores. Can it re-energise the labour movement in the US?

The Guardian - UK

From Slough to Seattle: the challenges facing Starbucks’ new boss

Surprise move to Seattle comes as global coffee chain faces unionisation drive

Dynamite News

Starbucks names Indian-origin Laxman Narasimhan as new CEO

Laxman Narasimhan will join Starbucks on October 1, replacing Howard Schultz, who will continue as interim chief until April 2023. Full story on Dynamite News:

Tribune News Service

Starbucks names Reckitt chief Laxman Narasimhan as next CEO

Starbucks Corp. tapped Laxman Narasimhan, chief executive officer of Reckitt Benckiser Group Plc, as its next CEO, choosing a consumer-industry veteran to chart a new path after the interim tenure of Howard Schultz.

Bangkok Post

Starbucks Rethinks Almost Everything, Including How to Make Frappuccinos

Behind a secure door at Starbucks Corp. headquarters lies a technology lab where the chain is plotting its renewal. That includes rethinking the onerous path its baristas must take to make a Frappuccino.

The Independent UK

Starbucks names former PepsiCo executive as new CEO

Starbucks has named a longtime PepsiCo executive as its new CEO

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