Starbucks gains $27 billion in a day on new ‘dream’ CEO

Starbucks gains  billion in a day on new ‘dream’ CEO

Starbucks Corp investors have never rewarded the stock more than they have today on the news that the coffee chain giant hired Chipotle Mexican Grill Inc’s Chief Executive Officer Brian Niccol as its new leader.Shares of Seattle-based Starbucks surged 25%, the most ever, and added $21.4 billion in market capitalization. On the other hand, Chipotle … Read more

Starbucks: Starbucks ousts CEO Laxman Narasimhan for Chipotle replacement

Starbucks: Starbucks ousts CEO Laxman Narasimhan for Chipotle replacement

WASHINGTON: Satya Nadella has taken Microsoft to dizzying heights and Sundar Pichai hasn’t done too badly with Alphabet/Google either. From FedEx CEO (Raj Subramanium) to the CEO of grocery chain Albertsons (Vivek Sankaran), Indian-American success in c-suites beyond tech companies is the stuff of lore. But in a rare setback to the story, Starbucks announced … Read more