Why did Starbucks CEO step down?
This sudden leadership change comes as the coffee giant grapples with declining sales and increasing pressure from activist investors. Under Narasimhan’s leadership, Starbucks has struggled to maintain its market position, with the company reporting two consecutive quarters of declining comparable sales. Following a drift of customers away from the chain and two disastrous earnings reports, Starbucks’ board ousted then-CEO Laxman Narasimhan and poached Brian Niccol from Chipotle , where he led a turnaround after the burrito chain’s foodborne illness scandal.The replacement of Laxman Narasimhan as Starbucks CEO is the result of growing dissatisfaction, particularly from activist investors, over the way the chain has been run, said Neil Saunders, managing director at GlobalData, in a statement.New Delhi: A veteran of PepsiCo and other consumer brands, Laxman Narasimhan took over the top spot in March 2023 after a period of working with longtime Starbucks CEO and interim boss Howard Schultz.
How much money is Howard Schultz worth in billion dollars?
Howard Schultz is an American billionaire entrepreneur who has a net worth of $3. Howard Schultz is best known for serving as the CEO of the coffee chain Starbucks. He first held that position from 1986 to 2000, and then again from 2008 to 2017 and again in an interim capacity in 2022. In 1987, Starbucks was struggling financially, and its founders agreed to sell the company for $3. Howard Schultz, who had previously left Starbucks to start his own coffee venture, was given an exclusive 60-day window to raise the money and buy it back.The company had a market capitalization of more than $96 billion in December 2025. The top individual shareholders of Starbucks are Brian Niccol, Brady Brewer, and Cathy Smith. The top institutional shareholders are Vanguard, Capital Research Global Investors, and BlackRock.The all-time high Starbucks stock closing price was 113. July 26, 2021. The Starbucks 52-week high stock price is 117. The Starbucks 52-week low stock price is 75.Starbucks shares may be purchased in two ways: As a registered shareholder, directly through the Direct Stock Purchase Plan administered by our transfer agent, Computershare. For more information on direct purchase, or to enroll, please visit Computershare’s website at https://www-us.
How much of Starbucks does Howard Schultz still own?
Howard D Schultz Latest Holdings Summary Howard D Schultz currently owns a total of 2 stocks. Among these stocks, Howard D Schultz owns 21,795,538 shares of Starbucks Corp (SBUX) as of May 12, 2022, with a value of $1. Billion and a weighting of 99. BlackRock, Inc. SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 78,750,491 shares of Starbucks Corporation (US:SBUX). This represents 6.