Former Starbucks CEO Schultz opposes potential Starbucks-Elliott Investment Management settlement.

Former Starbucks CEO, Howard Schultz, opposes a potential settlement between the coffee chain and activist investor Elliott Investment Management, according to the Financial Times. Schultz, who is Starbucks' sixth-largest shareholder, has informed some board members of his stance, and Elliott has been discussing ways to improve the company's stock performance. Both parties did not comment on the matter.