Bill Ackman, investors still back Chipotle after CEO Brian Niccol leaves
Chipotle Mexican Grill Inc.’s future may not be as shaky as some shareholders fear following the departure of Chief Executive Officer Brian Niccol, investors said. The burrito chain’s shares fell nearly $6 billion on Tuesday after the company announced that Mr. Nicol would leave the company at the end of the month to become CEO […]
Starbucks hires Chipotle boss Brian Niccol as next CEO
Starbucks reportedly announced on Tuesday that it was replacing current CEO Lakshman Narasimhan with Chipotle leader Brian Niccol after months of sluggish sales. Niccol has been widely praised for turning around Chipotle’s business, helping to drive up the company’s stock price by more than 50 percent over the past year, the company said. Niccol will […]
COLE AND DANHOF: Chipotle Makes DEI Move Rife With Negative Consequences
Chipotle shareholders re-elected in June Voted A compensation system was in place to reward executives for achieving DEI goals, but this year there were changes. Efforts To convince companies to stop the practice, Chipotle switched from rewarding executives for increasing the diversity of their workforce to rewarding them for reducing turnover among existing minority employees. […]