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Laxman Narasimhan (born 15 May 1967) [1] is an Indian-born American business executive and former chief executive officer (CEO) of Starbucks and Reckitt. He was previously chief commercial officer (CCO) of PepsiCo. He joined Starbucks as interim CEO in October 2022, and succeeded Howard Schultz as CEO in April 2023.
Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle ... His base salary was $1.3 million, with ...
In June 2023, Starbucks was ordered to pay $25 million in punitive damages and $600,000 compensatory damages to a former regional manager. The court found that Starbucks fired her in 2018 because she was white. [74] In October 2023, the operator of all of the Starbucks locations in Brazil, SouthRock Capital, declared itself bankrupt.
On the day of the announcement, shares of Starbucks gained 24.5%. [36] Niccol will receive a starting salary of $1.6 million and a $10 million starting bonus. [ 37 ] He will also receive an additional $75 million in equity grants which are designed to pay out over time and an annual cash incentive opportunity at a target of 225 per cent of his ...
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Starbucks needs the boost that Niccol gave Chipotle. ... Niccol piled on economics and business credits before he graduated in 1996 and joined Procter & Gamble as a brand manager of Scope ...
James Donald is an American businessman who was the chief executive officer (CEO) of Starbucks from 2005 to 2008. He was preceded by Orin C. Smith, who led the company since 2000, and was succeeded by the coffeehouse's second president, Howard Schultz. Donald also held various executive positions with Albertsons.
‘Hard time getting management to hear me’: Meet a 28-year-old Starbucks manager who demoted himself from the job he loves to join a union. Sunny Nagpaul. February 24, 2024 at 6:00 AM.
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