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.
No items found.

5 Minutes of Fresh Perspective

Reading the daily news doesn't have to suck. Get the email that will make you laugh and keep you informed...for free!
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.

Check out more!

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.