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Starbucks

Financing

Starbucks says it is leaving Russia

The coffee giant joins McDonald’s in pulling up stakes in the country over the war in Ukraine.

Financing

Howard Schultz puts some money into Starbucks

The Bottom Line: The interim CEO, who did away with company buybacks, has been buying up shares of the company’s stock and now owns 21.8 million shares directly or indirectly.

The company will reimburse workers if the procedures are not available within 100 miles of where they live.

The petition also asks a federal court to order that Starbucks cease and desist a number of tactics for resisting unionization, including intensified scrutiny of employees prior to a union vote.

Despite challenges with omicron, China and Russia’s invasion of the Ukraine, McDonald’s, Burger King, Taco Bell and other brands have seen strong growth in global markets.

A high-level official has leveled several dozen complaints against the coffee giant for its response to the organizing drive.

The coffee giant sent a letter expressing concern that it wasn’t invited to tell its side of the story amid an ongoing battle with labor activists.

The Bottom Line: The interim CEO suggested the company is already talking to candidates and said there is plenty of interest in the job. The position provides an opportunity rare in the restaurant business, but it comes with its own challenges.

The company says it is making another $200 million in investments, including improvements to productivity and wages, but Interim CEO Howard Schultz says the company legally can’t provide them to union locations.

The chain has asked federal labor regulators to halt the intimidation as relations between Starbucks and the union continue to sour.

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