Starbucks (SBUX) is ushering in a new era as former Chipotle (CMG) CEO Brian Niccol takes over the reins of the coffee giant, effective Monday, September 9. As Starbucks embarks on this leadership transition, Yahoo Finance Senior Reporter Brooke DiPalma breaks down the details and discusses what investors can expect under Niccol's leadership as chairman and chief executive. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
The Accountability Board, an activist investor group, filed a shareholder proposal asking the coffee chain to ensure that an independent director leads its board in the future.
The main qualm Brian Niccol had with his former manager’s recommendation is that it prioritized disciplining employees rather than coaching them.