Starbucks founder and new interim CEO Howard Schultz announced Monday that the coffee chain was suspending its share repurchase program to “invest more profit into our people and our stores.”
Longtime Starbucks leader Howard Schultz returned to the company as interim CEO Monday. Among his first actions was suspending Starbucks' $20 million share buyback program to invest more profits in
Howard Schultz, taking over the reins of the coffee giant once again, told employees that he would suspend the coffee giant's stock repurchasing program in order to refocus its capital on employees.
The newly installed interim chief executive of Starbucks Howard Schultz announced Monday he will suspend a share repurchase program as the chain navigates