Elliott's 'constructive' Starbucks engagement complicated by Howard Schultz's looming presence
Starbucks(US:SBUX) CNBC·2024-08-01 12:00CEO of Starbucks Howard Schultz back stage with soon to be Starbucks CEO Laxman Narasimhan at Starbucks Headquarters during Investor Day in Seattle, Washington Tuesday September 13, 2022.Days before reports surfaced that Elliott Management had amassed a significant stake in Starbucks, the activist investor proposed a settlement that would involve board expansion and governance improvements but would allow CEO Laxman Narasimhan to keep his job, according to people familiar with the matter.Elliott submitted i ...