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Starbucks Suspends Stock Buybacks

Returning to Starbucks as CEO 3 times is impressive, but returning five times a day to drink more espresso is our kind of pace.
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Starbucks Suspends Stock Buybacks

Returning for his third time as CEO of Starbucks, Howard Schultz announced today that the company will suspend its $20B share buyback plan. Schultz says the coffee chain will invest the funds in its people and stores. Rising prices and a drive toward unionization have the company focusing on reinvigoration. 

Musical chairs. Schultz returned as interim CEO after Kevin Johnson announced his retirement. The company says it will have a full-time CEO by the fall.

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