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How the Starbucks Board Handled the Return of Howard Schultz
When Howard Schultz returned as interim CEO in 2022, the Starbucks board faced a dilemma: embrace the founder who built the company or chart a new path forward. This episode examines the board's decision-making during Schultz's third tenure, from his controversial union stance to the reinvention strategy that followed. Lucas and Luna break down the governance challenges of founder-led boards, the 2023 succession to Laxman Narasimhan, and the structural changes the board made to ensure independence. Specific focus on the board's composition shifts, the 2023 board refresh adding…
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