Starbucks has named a longtime PepsiCo executive as its new CEO. He will work closely with Starbucks’ interim CEO Howard Schultz through April 1, when he will assume the CEO role and join the company’s board. Schultz, a longtime CEO who helped shape Starbucks after buying it in 1987, came out of retirement and assumed the interim CEO job in …
Starbucks’ sales climbed to record levels in its fiscal second quarter, but its profits took a hit from climbing labor costs. Instead, Schultz said U.S. labor law requires stores to negotiate their own contracts with Starbucks. “But compare any union contract in our sector to the constantly expanding list of wages and benefits we have provided our people for decades, …
Former Starbucks CEO Howard Schultz released a public pledge on Wednesday declaring that, if he is elected to the presidency in 2020, he will try to run America on a basic principle of bipartisanship. Schultz, who has never held political office, said on Wednesday: “I will do everything I can to fight for the center, where the vast majority of …
BUFFALO — Things didn’t start smoothly for Erik Gudbranson in the initial stages of his first morning skate as a member of the Penguins on Friday. “When you go hit a guy, you’re obviously not trying to hurt him or take him out of the game physically,” said Aston-Reese. You’ve got to be able to play.” “It’s always going to …