Starbucks Board removed there CEO Laxman Narasimhan after 17 months of fallening Sales, Corporate turmoil and influence from Activist Investors. TDC take note : "But investors and the company board quickly soured on Narasimhan as sales weakened and Starbucks dealt with multiple issues, including inroads by lower-cost competitors" Schultz, who remains the company's chairman emeritus, added that the chain needed to "overhaul" its strategy and reinforce its "premium position." "Earlier on in the year, Schultz said in a letter to the chain's management that it needed to return to its core values and rediscover its "soul." Then the workers at starbucks began to unionize and clashed with CEO Narasimhan. TDC take Note : In Starbucks' press release addressing the leadership change, Schultz didn't acknowledge CEO Narasimhan's time at the company. Instead, he said of incoming CEO Brian Niccol: "I believe he is the leader Starbucks needs at a pivotal moment in its history."
2 replies (most recent on top)
Starbucks is an A+ company with a bad 18 months and they hired the best food services CEO on the planet.
Who cares, Starbucks s-u-c-k-s just like their coffee