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The Latest Breaking News from Starbucks

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

Starbucks fall menu 2024: When it drops and what to order

Baristas have revealed when Starbucks' pumpkin spice latte and other autumnal beverages will be in stores. Here are the seasonal drinks and pastries on Starbucks' fall menu in 2024.

The Street

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

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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

Billionaire Bill Ackman buys 3 million shares of battered consumer stock

It was a big dip-buy for the closely watched hedge fund manager.

The Street

Stock Market Rally Revs Higher On Bullish Economic Data; Walmart Jumps On Earnings: Weekly Review

The stock market confirmed its rally attempt and kept rising amid near-perfect economic data. Walmart was among earnings winners.

Investors Business Daily

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Walmart has very good news for Americans in search of deals

The retail giant reported earnings on Aug. 15.

The Street

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

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

Analysts revise Chipotle stock price targets after CEO's startling exit

Here’s what could be next for Mexican food lovers and investors.

The Street

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

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Kiplinger

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.

Salon

Chipotle CEO to take over at Starbucks

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

Evening Standard

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

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.

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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.

Investors Business Daily

How Much $10,000 Invested On Chipotle's Superstar CEO Is Worth Now

Sticking with top-notch leadership is one of the tenets of the IBD Methodology. And Chipotle's superstar CEO in the S&P 500 shows why.

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.

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