Brian Niccol signals shifts from predecessor’s strategy in first details of turnaround plan
There is a case for the US coffee group to cut back capital spending and slow expansion plans in the country
Brian Niccol’s base in California divides opinion among workplace experts
Plus, hedge funds are split on Nvidia’s future and the Indian telecoms tycoon who just bought a big stake in BT
Months of secret talks between directors and investors preceded Laxman Narasimhan’s abrupt exit
Brian Niccol’s move from Chipotle makes him one of the best paid bosses in the US
And the S&P 500 as one giant carry trade
Plus, private credit giant HPS gets a huge capital injection and Cargill feels the commodities hangover
Brian Niccol’s challenge at the coffee chain has similarities to the turnaround task in his last role
Shares in coffee chain jump after Laxman Narasimhan is replaced by Brian Niccol
Brian Niccol’s appointment suggests a win for ex-chief Howard Schultz
Rejection of goods based on perceived political agendas over Israel-Gaza conflict hitting revenues
Governance questions have become more pressing as the coffee chain’s challenges have proliferated
Plus, Big Law throws its weight behind Kamala Harris’s presidential campaign and a SoftBank-backed founder is accused of fraud
Results add to pressure on managers dealing with activist Elliott and scrutiny from former chief executive
Plus, Carlyle sticks with its oil and gas investments, and BlackRock’s Larry Fink takes his time finding a successor
Laxman Narasimhan faces criticism from coffee chain’s former boss Howard Schultz and activist investor Elliott
Coffee chain’s three-time leader has publicly criticised its current management
Investor interest follows slowing sales and a share price stuck in the doldrums
Trying to go in too many directions can leave a business going nowhere
And the spill at Starbucks
US brands including Starbucks, KFC and Pizza Hut are being targeted over Washington’s stance on Israel
Strategic Organizing Center withdraws director nominations as coffee chain and Workers United agree to co-operate
World’s largest coffee chain and fast-food group have been hit by global protests since the start of the Israel-Hamas conflict
An SEC rule change giving shareholders more power to exert influence threatens to shake up corporate governance in the US
