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Starbucks

Leadership

Starbucks is apparently targeting an outsider to be its next CEO

Interim CEO Howard Schultz told the Wall Street Journal that he isn’t a candidate for the permanent job. But anybody who takes the position will operate under his considerable shadow.

Workforce

Starbucks unionizers start $1M strike fund

The group supporting the drive says it will earmark the money to pay workers if they walk off their jobs during contract negotiations.

Workers at more than 100 Starbucks units have now voted to organize, and employees of other coffee chains have taken steps to do likewise.

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

The coffee chain, which plans to focus on its core business, sold its juice line to the carrot company Bolthouse Farms.

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.

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