Starbucks names Laxman Narasimhan as new CEO, starting in April
Starbucks on Thursday named Laxman Narasimhan as its next chief executive officer. Narasimhan most recently served as CEO of Reckitt, a health, hygiene and nutrition company. Until April, Howard Schultz will continue as interim CEO of the coffee chain he grew into a global giant. Schultz will remain on Starbucks' board after Narasimhan succeeds him. Narasimhan previously worked at PepsiCo, serving as its global chief commercial officer among other roles.cnbc.com
Judge orders Starbucks to reinstate seven fired baristas
In the face of a virulent anti-union campaign led by Starbucks CEO Howard Schultz, the ruling marks a crucial victory for campaign to unionize Starbucks, one of the most promising movements that U.S. labor has seen in a generation.washingtonpost.com
Amazon CEO Jeff Bezos may step down without stepping away
Amazon announced Tuesday, Feb. 2, 2021, that Jeff Bezos would step down as CEO later in the year, leaving a role he's had since founding the company nearly 30 years ago. Amazon says Bezos will be replaced in the summer by Jassy, who runs Amazon's cloud business. (Isaac Brekken/AP Images for NFL, File)Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world's dominant e-commerce company. Tuesday's announcement that Bezos will hand off the CEO job this summer came as a surprise. “Being the CEO of Amazon is a deep responsibility, and it’s consuming," Bezos wrote.
Xi asks Starbucks' Schultz to help repair US-China ties
Xi is asking former CEO Howard Schultz of Starbucks to help repair U.S.-Chinese relations that have plunged to their lowest level in decades amid a tariff war and tension over technology and security. (AP Photo/Andy Wong, File)BEIJING – President Xi Jinping is asking former CEO Howard Schultz of Starbucks to help repair U.S.-Chinese relations that have plunged to their lowest level in decades amid a tariff war and tension over technology and security. A letter from Xi to Schultz reported Friday by the official Xinhua News Agency was a rare direct communication from China's paramount leader to a foreign business figure. In a statement issued Friday, Schultz didn't directly address Xi's request to help repair relations, instead saying it was “a great honor” to receive the letter from China's president. The Cabinet press office didn’t immediately respond to questions about what Xi wanted Schultz to do and whether he contacted other American business leaders.