Activist hedge fund Elliott Management proposes a Starbucks settlement with board expansion and governance improvements.

Activist hedge fund Elliott Management proposes a settlement to Starbucks, including board expansion and governance improvements. The settlement allows CEO Laxman Narasimhan to keep his position. Former CEO Howard Schultz has reportedly opposed the proposal. Elliott Management's stake in Starbucks could be worth up to $2 billion. Starbucks shares fell 3% after the proposal's report.

August 01, 2024
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