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The Latest Breaking News from Laxman Narasimhan

Starbucks' new CEO Brian Niccol wants you to get a brewed coffee in 'less than 30 seconds'

Coffee chain customers have recently complained about 30-minute-plus wait times.

Fortune

Brian Niccol has to get hold of 200,000 Sharpies so he can bring back a classic Starbucks tradition

“Unfortunately it’s not as simple as going to Staples and picking up some Sharpies,” Niccol said. “That’s the power of our scale.”

Fortune

Starbucks order taking forever? Don’t blame the barista

Starbucks workers said in a recent survey few stores are adequately staffed, and less than half had equipment that reliably worked.

Fortune

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Starbucks CEO hype has been 'overdone,' Jefferies analysts say in rare downgrade

It’s the first time in over a decade Jeffries has given Starbucks a sell-equivalent rating.

Fortune

New Starbucks CEO lays into overwhelming menus, inconsistent product, and long, hectic waits

On just his second day on the job, the former Chipotle CEO signaled he will initially devote the bulk of his attention to problems in the U.S. operations.

Fortune

Starbucks’ new CEO on the worst advice he ever got: Demonstrate that you can fire somebody

The main qualm Brian Niccol had with his former manager’s recommendation is that it prioritized disciplining employees rather than coaching them.

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

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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

Chipotle CEO to take over at Starbucks

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

Salon

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.

Fortune

Can Brian Niccol turn Starbucks around

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

Fortune

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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

Starbucks shares jump 20% after company poaches Chipotle CEO

Niccol led a major turnaround at Chipotle after taking the reins in March 2018, overseeing a 770% increase in the company’s stock price.

Fortune

Starbucks just hired Chipotle's savior as their new CEO—will he be able to rescue a company in crisis?

The architect of Chipotle's turnaround is taking on America's most famous coffee company.

Fortune

Inside the new Starbucks CEO’s daily routine while he was running Fortune 500 giant Chipotle

Before Brian Niccol was tapped to lead Starbucks, he revealed his go-to Chipotle order to Fortune.

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Fortune

How Starbucks’ new CEO Brian Niccol went from fast-food Frankenstein to Chipotle’s redeemer

Niccol helped create Taco Bell’s mega-viral Doritos Locos Taco before leading Chipotle’s food safety crisis turnaround.

Kiplinger

Starbucks Stock Soars After Tapping Brian Niccol as Its New CEO

Starbucks stock is surging Tuesday after the coffee chain named current head of Chipotle, Brian Niccol, as its next CEO. Here's what you need to know.

The Street

Starbucks CEO gets unexpectedly tossed; analyst resets stock target

Starbucks shares have fallen more than 26% since Laxman Narasimhan was appointed group CEO in March of last year.

International Business Times

Starbucks Names Chipotle Boss Brian Niccol As New CEO

Starbucks said Tuesday that Brian Niccol, chief executive at Chipotle, would be the coffee chain's new CEO -- just over a year after current boss Laxman Narasimhan took over the role.

Investors Business Daily

Starbucks Poaches Chipotle CEO Amid Activist Investor Shakeup

Starbucks stock notched a record gain Tuesday after appointing Chipotle's CEO to lead the coffee chain. CMG stock tumbled.

The Independent UK

Starbucks replaces its CEO, names Chipotle chief to head the company

Starbucks said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job

Fortune

Starbucks shares jump 4% after news of another activist stake

Flagging sales in the U.S. and China headline concerns that have weighed on Starbucks shares, which are down about 20% year-to-date.

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