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How the Starbucks Board Handled the Howard Schultz Return
In Episode 58 of Boardroom Conversations, Lucas and Luna dive into the Starbucks board's decision to bring Howard Schultz back as interim CEO in 2022. They explore the board's governance structure, the pressures from activist investors like Elliott Management, and the strategic pivot Schultz initiated. Lucas breaks down the three specific moves the board approved — closing 8,000 stores for racial-bias training, revamping the mobile order system, and pausing stock buybacks to invest in store upgrades — and how those decisions reshaped the company's culture and financial…
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