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Departing Starbucks Corp. Executive Chairman Howard Schultz "is looking forward to spending more time with his family this summer and is writing a book about Starbucks social impact work," the company said on the heels of news Schultz will step down as chairman and as member of the company's board of directors on June 26, when he'll be made chairman emeritus. Shares of Starbucks fell more than 2% immediately after the news but pared losses as the late session continued.
Starbucks Corp.'s Howard Schultz will step down as executive chairman and as member of the retailer's board at the end of the month, according to a memo from Schultz to employees late Monday. Shares of Starbucks fell more than 2% after the news, and they recently pared losses. Schultz is credited with taking the coffee giant from a local Seattle chain to a global powerhouse. He will become Starbucks' chairman emeritus on June 26. "As I prepare to step away, I'd like to humbly remind you not to lose sight of what matters most: your fellow partners and our customers," Schultz wrote. "Onward with love," he signed off. Starbucks last month closed for one afternoon for employee anti-bias training, after a video of two men being handcuffed and removed by at least six police officers from a Philadelphia Starbucks went viral in April. The men were waiting for a business associate.
Starbucks shares down 2.3% after exec chairman departure news
Starbucks Exec Chairman Howard Schultz stepping down: reports
Howard Schultz is stepping down as chairman of Starbucks, the international behemoth he built that transformed the way Americans drink coffee.
Paying off your mortgage, Starbucks racial bias training, and tips on keeping college visit costs down.
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Some Starbucks employees said they found this week’s company training on racial bias eye-opening. Others said they were left unsure how to apply the lessons to their jobs, suggesting the coffee chain has a difficult task ahead.
Howard Schultz’s sweeping overhauls at Starbucks bring their own challenges, writes columnist John D. Stoll. Meanwhile, the public moves on.
Don’t tie yourself down with charger wires. Now a handsome wireless charging pad can juice up your devices at once, whether you’re at home or even on the road
Walmart will subsidize online college tuition at three schools for its U.S. store workers as it looks to attract and retain talent in a tight labor market.
In photos selected Tuesday by Wall Street Journal editors, an anthropologist works on a skeleton from the eruption of Mt. Vesuvius, a man cools himself near a fountain in Sweden, Starbucks trains staff to prevent discrimination, and more.
Starbucks closed more than 8,000 company-operated cafes to provide antibias training for its employees, sending customers around the country to competitors for a caffeine fix. “I’m bummed out,” said one locked-out customer.
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Among the companies with shares expected to trade actively in Tuesday's session are Apple, Qualcomm, Disney, Chevron and Johnson & Johnson.
The acquisitive owner of Krispy Kreme, Panera and other brands is deepening its bet on prepared food, saying it has agreed to buy Pret A Manger, the British sandwich and salad chain that has been expanding in the U.S.
Coinbase enjoyed phenomenal growth in late 2017 as small investors piled into bitcoin. Now it is trying to attract hedge funds and other big investors.
Starbucks is hoping that antibias training will help prevent fraught encounters like the one that led to the arrest of two black men at one of its cafes last month, but how effective it will be is an open question.
Two themes stand out in our 14th annual list of the world’s best CEOs: cloud savvy and smart acquisitions.
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It’s too early to dive back in, but here are several inexpensive plays that don’t carry too much risk.
Large chunks of cross-border economic activity as officially reported are driven by tax considerations more than anything else
Starbucks’ sale of its packaged and food service businesses could help it sustain revenue growth rates.
Now that Starbucks has decided to allow anyone to use its restrooms, it faces the critical task of keeping them clean and safe.
Dividend Sensei's Portfolio Update 37: How Warren Buffett's True Secret To Success Can Make You Rich
Howard Schultz is stepping down as chairman of Starbucks, the international behemoth he built that transformed the way Americans drink coffee.
Howard Schultz may have stepped down as CEO, but he remains one of the coffee juggernaut's largest shareholders--for now.
Starbucks' Schultz steps down as chairman
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Starbucks: The Philadelphia Story: A Misapprehended Reality
“At work” doesn’t mean “at the office” anymore; now you have the tools to get away from your crowded workspace and be wildly productive in a coffee shop or airport.
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Some Starbucks employees said they found this week’s company training on racial bias eye-opening. Others said they were left unsure how to apply the lessons to their jobs, suggesting the coffee chain has a difficult task ahead.
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Was Starbucks Corporation’s Anti-Bias Training Worth $17 Million?
Howard Schultz’s sweeping overhauls at Starbucks bring their own challenges, writes columnist John D. Stoll. Meanwhile, the public moves on.
Don’t tie yourself down with charger wires. Now a handsome wireless charging pad can juice up your devices at once, whether you’re at home or even on the road
Iconic Leader and Visionary Entrepreneur Howard Schultz to Bid Farewell to Starbucks after Nearly 40 Years
Food & Ag Sector - Sustainability Is in Focus From Farm-to-Table As Companies Make Progress / Stakeholders Say "More"
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EY Announces Patrick Walsh, Chairman and Chief Executive Officer of Town Sports International Holdings, Inc. as Entrepreneur Of The Year® 2018 Finalist in New York
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Starbucks closes 8,000 stores for anti-bias training
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Point Made Learning Declares The Implicit Bias Conversation Essential For Everyone, #NotJustStarbucks
McDonald's, Burger King, Starbucks may appear in Uzbekistan soon
Washington State to Host International Underwater Robotics Competition
Singapore : You don't have to buy coffee to sit in our cafes or use our restrooms
Starbucks Corp. engages in the provision of premier roaster, marketer, and retailer of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores. The Channel Development segment trades coffee, and other related products to institutional foodservice industries. The company was founded by Jerry Baldwin and Howard S. Schultz on November 4, 1985 and is headquartered in Seattle, WA. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Cracker Barrel Old Country Store Inc. | $3.75B | |
Darden Restaurants Inc. | $10.96B | |
Brinker International Inc. | $1.91B | |
McDonald's Corp. | $124.97B | |
Yum! Brands Inc. | $26.47B |