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.
July 26, 2024
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