Friday, January 18, 2008

SCHULTZ' PLANS TO SAVE STARBUCKS

Look for changes in the days ahead...especially interesting is their confidence in their Real Estate processes...

Q: Thanks for returning the call, Howard. First, can you tell us about
the process that you went through to compel you to return?

A: The board asked me to return, but I was on a parallel track with them. Obviously, I was a witness to the downturn in the business and had concerns about shareholder value and given my passion for the company I accepted the board's offer. The board and I had conversations over the last few months as we headed into the holiday season. The final decision was made after the holidays.

Q: You say 'witness to the downturn,' but shouldn't you take responsibility for where the company is now?
...[...more...]


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