The future of Starbucks without Howard Schultz

Yahoo Finance Video
1 年前

Howard Shultz, founder and ex-CEO of Starbucks (SBUX), has announced his retirement from the coffee chain's board of directors. Concurrently, former Alibaba executive Wei Zhang has been elected to take his place. Shultz's departure will allow for current CEO Laxman Narasimhan to effectively take the reins as top company leadership, according to a note from Bernstein. Yahoo Finance's Brooke DiPalma discusses Schultz's role in growing the company and how Zhang’s addition could benefit Starbucks’ plans for global expansion.