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Activist Investor Elliott Builds a Sizeable Stake in Starbucks, Discusses Ways to Boost Its Stock

Activist investor Elliott Management has built a sizeable stake in coffeehouse chain Starbucks and is currently having private discussions with the company’s management about improving its underperforming stock, according to a report by The Wall Street Journal. Reportedly, the discussions between the two sides, described...

Starbucks Founder Howard Schultz Steps Down as Company’s CEO

Big changes are coming at the world-famous coffee-house chain Starbucks. The company announced on Monday that founder Howard Schultz officially stepped down as the company’s CEO, with former Reckitt executive Laxman Narasimhan taking over the position. Schultz will keep his seat on Starbucks’ Board...