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.