Starbucks CEO Howard Schultz halts stock buybacks as union pressure mounts

By Gotham Rex on April 4, 2022

Starbucks founder and new interim CEO Howard Schultz announced Monday that the coffee chain was suspending its share repurchase program to “invest more profit into our people and our stores.” The pivot in strategy comes just three weeks after Starbucks announced that Schultz, who bought the company in 1987 and led it for more than…
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