SIMONE DEL ROSARIO: THE DEPARTURE OF NORTH AMERICAN PRESIDENT ROSSANN WILLIAMS IS JUST THE LATEST LEADERSHIP SHAKE-UP AT STARBUCKS.
CEO KEVIN JOHNSON RETIRED IN APRIL – AND INTERIM HOWARD SCHULTZ SAYS S-BUX WILL FILL THE CHIEF SPOT WITH AN OUTSIDER.
AS FOR WILLIAMS – SHE’S BEEN RUNNING POINT ON THE COMPANY’S ANTI-UNION EFFORTS THE PAST YEAR.
AFTER A BUFFALO-AREA STORE VOTED IN DECEMBER TO BECOME THE FIRST UNIONIZED STARBUCKS IN THE U-S – LABOR EFFORTS ACROSS THE COUNTRY SPILLED OVER
AND THE NATIONAL LABOR RELATIONS BOARD IN MAY ACCUSED STARBUCKS OF 29 CHARGES OF UNFAIR LABOR PRACTICES RELATED TO THE BUFFALO EFFORT.
INCLUDING “INTERFERING WITH, RESTRAINING AND COERCING EMPLOYEES” THAT SOUGHT TO UNIONIZE.
ASIA PACIFIC PRESIDENT SARA TRILLING WILL NOW STEP IN WILLIAMS’ PLACE.
INTERIM CEO HOWARD SCHULTZ: we don’t believe that a third party should lead our people so we are in a battle for the hearts and minds of our people and we are going to be successful.
SIMONE DEL ROSARIO: SCHULTZ HAS PROMISED BARISTA RAISES THIS YEAR, NOTING UNION STORES WILL NOW NEED TO BARGAIN SEPARATELY.
AS A COMPANY THAT KEEPS GETTING STIRRED UP THIS YEAR – STARBUCKS IS SEEING STEEPER DECLINES IN THE MARKET – DOWN 38% YEAR TO DATE – 15% MORE THAN S&P LOSSES.