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The Latest Breaking News from Starbucks

Starbucks new CEO Brian Niccol under fire over 1,000 mile private jet commute

Brian Niccol will have access to private jet to fly from California home to Seattle HQ

Evening Standard

From Starbucks to Dunkin’, where to find the best fall-inspired drinks this season

Fall-inspired coffee drinks are available now at Peet’s Coffee and La Colombe

The Independent UK

Starbucks’ new CEO faces backlash over 1,000-mile commute by private jet

Brian Niccol faces environmental criticism over commute from southern California to Seattle instead of relocating

The Guardian - US

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Work from home policy for new Starbucks CEO sparks outrage

The new CEO will receive a “small remote office” based in California

The Independent UK

More CEOs are enjoying the remote-work life—but employees resent it

Remote CEOs are seen as enjoying their lives “at the expense of the employees,” one expert said.

Fortune

Starbucks’ new CEO drinks up to 4 cups of coffee per day

Brian Niccol is getting a $113 million payday–and presumably a lot of free coffee.

Fortune

Walmart’s Unusual Options Activity From Wednesday Deserves a Closer Look

Walmart reported quality earnings Thursday before the markets opened. The retailer also raised its guidance for fiscal 2025. That caused Walmart stock to jump on the news. The company’s unusual options activity from Wednesday deserves a closer look.

Barchart

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Potentially massive pay package for Starbucks new CEO, and he doesn't even have to move to Seattle

Incoming Starbucks CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle, the home of the global coffee giant

The Independent UK

Pay deal for new Starbucks CEO worth up to $113m

Brian Niccol, who was poached from Chipotle, will get package worth four times that of his predecessor

The Guardian - UK

Starbucks welcomes new CEO Brian Niccol with a $113 million payday—and he can work remotely

The coffee giant’s new CEO won’t have to relocate to the corporate headquarters in Seattle, according to his offer letter.

Fortune

The new Starbucks CEO shares the best leadership advice he ever received

Brian Niccol says that if leaders aren’t curious, then they don’t care about their company.

Fortune

Southwest Gears Up for Proxy Fight With Elliott Investment

Elliott Investment is seeking major changes at Southwest Airlines, including several board seats. Here's what a proxy battle could mean.

Kiplinger

Chipotle CEO to take over at Starbucks

Starbucks founder Howard Schultz says Chipotle's Brian Niccol has his "respect and full support"

Salon

Gail's is just a posh Greggs — but that's not what Walthamstow is angry about

We’ve had this argument before — only, it used to be about Starbucks, or Pizza Express

Evening Standard

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Fortune

Ousted Starbucks CEO will get millions on the way out

The coffee chain hasn’t disclosed outgoing CEO Laxman Narasimhan’s termination agreement, but he has millions on the table to smooth his exit.

Fortune

Starbucks' interim CEO cashed in on $342,000 stock sale the day reshuffle was announced

Ruggeri sold the 3,750 stocks yesterday for $341,850 under a Rule10b5-1 trading agreement, which allows business insiders and executives to trade their shares in a publicly listed company without risk of breaking the law.

Fortune

How the Starbucks board can set its new CEO up for success

Howard Schultz has been a major part of the company for years, whether the board likes it or not.

Fortune

Brian Niccol may well be the messiah Starbucks—and Howard Schultz—have been looking for

Schultz remains the largest shareholder—and he just helped drive out his fourth attempted successor, Laxman Narasimhan.

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Fortune

Chipotle's CEO just bolted—but the company is in good hands, say analysts

CFO Jack Hartung has postponed his retirement and is taking on a newly created position.

Fortune

Can Brian Niccol turn Starbucks around

Brian Niccol faces falling sales, changing consumer habits, and an acrimonious unionization effort.

Barchart

Stock Index Futures Tread Water as Key U.S. Inflation Data Looms

September S&P 500 E-Mini futures (ESU24) are up +0.02%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.09% this morning as market participants held back from making any big bets ahead of the release of the U.S. consumer inflation report.

The Independent UK

Starbucks shares jump 24% after coffee giant replaces CEO with Chipotle boss

Chipotle sales skyrocketed after Brian Niccol started at the company in 2018

Barchart

Stocks Settle Higher on Favorable PPI Report

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +1.68%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.50%. US stocks settled moderately higher on Tuesday, with the S&P 500 and Nasdaq 100...

Kiplinger

Stock Market Today: Markets Power Higher on Cooler Inflation Data

A promising reading on wholesale inflation and the upcoming consumer price report have investors anticipating a rate cut in September.

Fortune

The Starbucks CEO replacement is just the latest victory for Elliott Investment

Here are 5 other times it shook up a giant company

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