Starbucks ordered to reopen 2 NY stores shut down after workers unionized
A U.S. labor court ruling found that the Seattle-based coffee giant illegally closed two Ithaca stores last year in an attempt to stifle labor unionism, and a U.S. government agency has ordered Starbucks to reopen the stores. Administrative Law Judge Jeffrey Carter of the National Labor Relations Board ruled Friday that Starbucks “violated the National […]
Starbucks CEO Brian Niccol vows to improve US stores
Starbucks' new CEO, Brian Niccol, on Tuesday unveiled his plan for his first 100 days, saying he will focus on improving the customer experience and coffeehouse culture in its U.S. stores. Nicol took over from Lakshman Narasimhan on September 9 at a time when the coffee chain is grappling with sluggish demand in the United […]
Starbucks gives new CEO Brian Niccol company jet to fly from California home to Seattle HQ
Starbucks has reportedly provided its new CEO, Brian Niccol, with a corporate jet for the lightning-quick commute from his Southern California mansion to the Seattle headquarters. Coffee chain reveals Nichols deals Offer Letter This allows the new president to have a “small remote office” in his home in Newport Beach, eliminating the need to permanently […]
New Starbucks CEO to commute from California home to Seattle HQ
Starbucks will allow its next CEO, Brian Niccol, to commute from his home in Southern California and give him the option to fly the company’s corporate jet. The coffee chain said in a filing with the Securities and Exchange Commission that Nicol “is not required to relocate” to Seattle and has agreed to “commute from […]
Starbucks losing customers thanks to high prices, long lines, culture wars
Coffee lovers are turning their back on Starbucks, and it won’t be easy for the coffee giant to win back the love it lost. According to a report released on Friday The Wall Street JournalCustomers are fed up with rising costs, long wait times and what some see as the company’s inept political posturing. The […]
Walmart wins, Starbucks boots CEO and Trump and Harris duel on economy
Brian Belski, chief investment strategist at BMO Capital Markets, explains how investors can use quality to protect against market volatility. Inflation and Federal Reserve outlook propel stocks to best week of 2024 Vice President Kamala Harris and former President Trump debate the economy Elon Musk meets with former President Trump Walmart stock hits all-time high […]
Incoming Starbucks CEO Brian Niccol poised to get sizable compensation
Brian Niccol will likely receive a handsome salary if he becomes CEO of Starbucks. Starbucks said in a filing with the Securities and Exchange Commission on Wednesday that it plans to pay Nicol an initial base salary of $1.6 million per year. Details of his compensation package, which includes other incentives and company performance requirements, […]
Starbucks CEO Brian Niccol may make $113M working remotely in posh California town
Brian Niccol could make at least $113 million as the new CEO of Starbucks, even if he works remotely from a Southern California office 1,000 miles away from the coffee giant’s Seattle headquarters. Nicol, who was poached this week from his position as chief executive officer at Chipotle Mexican Grill Inc., will be allowed to […]
Starbucks’ interim boss sells $341K in stock after surprise CEO shuffle
Starbucks’ interim CEO cashed out more than $341,000 in Chipotle stock following news that the company had named Chipotle CEO Brian Niccol to replace embattled President Lakshman Narasimhan, according to securities filings. Rachel Ruggeri, the Seattle-based coffee chain’s chief financial officer and interim CEO until Nicol officially takes over on Sept. 9, sold 3,750 shares, […]
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 […]