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The Latest Breaking News from Laxman Narasimhan

For the next generation of star CEOs, experience alone isn’t enough. Here’s what they need to reach the top rung

Vulnerability, humility, and self-awareness are among the qualities that high-potential first-time CEOs must cultivate.

Fortune

Starbucks new CEO’s first big menu change hits customers up for an extra $1 for fruity Refreshers 'hack'

A recent trend toward complicated beverage customizations popularized by TikTok hacks doesn't help Laxman Narasimhan's aim to streamline processes at the ubiquitous coffee chain.

Fortune

Stock Market Today: Stocks Pop, Then Drop After Fed Rate Hike

The major indexes couldn't make heads or tails of the latest Fed statement, ultimately ending the session in the red.

Kiplinger

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Stocks Lower With Fed In Sight, Debt Ceiling Warning, Ford And Starbucks Report, IBM AI Job Plans - Five Things To Know

Stock futures slip as Fed begins two-day policy meeting; Biden orders debt ceiling summit as new default risk emerges; Ford earnings on deck as carmakers fight narrowing margins; new Starbucks CEO Narasimhan to lead first quarterly earnings update and IBM plans hiring pause, will use AI to replace 7,800 jobs.

The Street

Starbucks is trying to repair its rift with staff by inviting them on two-hour coffee dates

CEO Laxman Narasimhan unveiled a 'revitalized' mission for the company in a blog post this week.

Fortune

Reckitt Benckiser appoints company insider Kris Licht as new CEO

The US-based executive will move to the UK and take up the £1.1 million top job at the end of the year

Evening Standard

CEOs are working frontline shifts to drive employee retention

CEO at companies like Starbucks and Uber are picking up frontline shifts to boost employee satisfaction and retention.

Fortune

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Commentary: Starbucks hearing is a watershed moment for workers

On Wednesday, former Starbucks CEO Howard Schultz was questioned by the Senate Committee on Health, Education, Labor and Pensions, dubbed HELP, about the company’s anti-union campaign and violations of federal labor law during his reign.

Tribune News Service

Schultz denies alleged Starbucks union busting in Sanders-led congressional hearing

Former Starbucks CEO Howard Schultz defended the coffee giant’s labor practices and denied union busting Wednesday in his testimony before a Senate committee chaired by Sen. Bernie Sanders. His appearance, along with his Starbucks coffee cup, came after a lengthy refusal that nearly led to a subpoena vote.

Tribune News Service

New Starbucks CEO inherits Schultz-drafted future and labor worries

When Howard Schultz returned to be Starbucks CEO for the third time last year, he made it clear he wasn't staying. Last week, he stepped down, handing over the role to Laxman Narasimhan.

Tribune News Service

Starbucks Union Organizers Take Aim At Company’s New CEO: ‘I’d Prefer It If He Stayed Out Of Our Way’

Starbucks' new CEO recently laid out plans for the company including working in Starbucks stores as a barista once a month

Zenger

Starbucks CEO working in stores is smart if he doesn't make this big mistake

Laxman Narasimhan needs to be low-key and consistent if he's going to turn around the c-suite's relationship with staff, experts said.

Fortune

Starbucks CEO focuses on new role, avoids labor issues in investor call

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.

Tribune News Service

Starbucks chief executive to work a shift in a coffee shop each month

Laxman Narasimhan has already undergone 40 hours of barista training after joining the company in October

Wales Online

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Chicago Sun-Times

New Starbucks chief executive plans to work in stores every month

Laxman Narasimhan will spend half-day shift each month at one of the company’s 9,000 U.S. coffee shops to stay close to employees and customers.

The Street

Starbucks CEO Makes a Surprising (and Admirable) Move

Your next latte may be served by someone rather important.

Fortune

After 'union-buster' Howard Schultz departs as Starbucks CEO, his replacement underwent barista training. The rank and file isn't buying it

Laxman Narasimhan, who became Starbucks CEO this week, has a long road ahead with the labor union, which had been at odds with ex-CEO Howard Schultz.

Salon

Schultz resigns ahead of Senate grilling

Schultz is slated to testify before Bernie Sanders’s Senate HELP Committee next week

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Birmingham Post

Former Reckitt boss becomes Starbucks CEO succeeding founder Howard Schultz

Laxman Narasimhan has taken the helm of the global coffee giant

Fortune

How Howard Schultz got Starbucks back on track in his third stint as CEO

He passes over to Laxman Narasimhan ahead of schedule.

The Guardian - US

Howard Schultz ends third stint as Starbucks CEO early

Fiercely anti-union Schultz stands down two weeks early having agreed to appear before Senate labor panel next week

The Guardian - UK

Starbucks to open 100 new UK coffee shops as tax bill on British sales falls

Investment suggests US-owned cafe chain will keep British arm despite report it was considering sale

The Street

Howard Schultz Scorches Starbucks For Major Changes: 'Shocked & Stunned'

Starbucks CEO and founder Howard Schultz is worried about recent movements at the world's largest coffee chain.

The Street

Disney, Facebook, and the Biggest CEO (and C-Suite) Moves of 2022

A number of surprise CEO changes happened this year while Facebook lost a key C-Suite name, and a Domino's Pizza legend took a new job.

The Street

Starbucks Stock Jumps After Q4 Earnings Beat As Solid US Sales Gains Offset China Weakness

“We saw accelerating demand for Starbucks coffee around the world in Q4 and throughout the year,” said interim CEO Howard Schultz.

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People

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