Some of America’s biggest corporations are (very publicly) raising the minimum wages of their employees. This is better than nothing, but not as good as, say, dangling a CEO by his ankles and shaking him until all of his billions fall out.
One delusion common to rich business leaders who are all-powerful figures in their own small domains is the idea that they could lead the whole world just like they lead their business. Example Grande: Howard Schultz.
Okay, well, now Starbucks is planning on starting a national dialogue on race that will consist of talking to your Starbucks barista, about race. What are you doing, Starbucks? What? Are? You doing?
Starbucks CEO Howard Schultz made news last week after reportedly telling shareholder Tom Strobhar "fuck you!" - not in so many words - after Strobhar questioned Schultz on the company's support for marriage equality, suggesting that he simply sell his shares if he didn't like Starbucks' stance on the issue.
If you buy coffee at a Starbucks in the Washington, DC area today or tomorrow, do not be surprised to find the words "Come Together" scrawled illegibly on your cup. You can blame this on the fact that Starbucks CEO Howard Schultz is a tepid showman masquerading as a bold visionary.
Today, in a letter posted on the company's website, Starbucks CEO Howard Schultz announced that D.C.-area Starbucks employees will be writing "Come Together" on customers' cups, encouraging Republicans and Democrats to "come together" on a budget deal that would avoid the so-called "fiscal cliff." In the spirit of a…
Remember that place called "Starbucks" back in the day? Hahaha, people used to go there and drink coffee and things and instantly stereotype themselves by walking into this "Starbucks," a magical portal to a narrowly defined world of laughable cultural stereotypes? No wonder it totally fell off the map of relevance…
And you were thinking that the fro-yo trend was fizzling out. Pinkberry just revealed that it's secured another $5.8 million in venture capital financing, funds that will likely go to expanding the 73-store-strong chain. Pinkberry isn't the only frozen yogurt enterprise in growth mode. Red Mango recently raised…
• The top restaurant in New York City, according to San Pellegrino's list of the World's 50 Best Restaurants: for 2009: Per Se, naturally. [Serious Eats]
• A look at the Gates, the new venue in the former Biltmore Room space. [GS]
• Be advised: Morton's is now charging $2.50 to add ice to your drink. [IC]
• It's been…
Six weeks ago, we revealed that Starbucks had put its brand-new, $45 million Gulfstream 550 up for sale the day before announcing plans to cut 6,700 jobs and close an additional 300 stores. It looks like they're not done trimming the corporate fat. The coffee chain put another plane on the market this week—a 2004…
Now we know why Starbucks was so quick to put its $45 million jet on the market yesterday. The company announced moments ago that it plans to cut nearly 7,000 employees and close an additional 300 stores. The company's CEO, Howard Schultz, also says he plans to take a steep pay cut; he'll now earn approximately $4 a…
Citigroup created a storm of controversy earlier this week when it was revealed that the ailing bank planned to go ahead with the purchase of a $50 million corporate jet. It looks like the public reaction—which included a condemnation from President Obama and members of Congress—and the bank's decision to abandon the…
The Google Street View car was Spotted in Microsoft Country last week after launching in many smaller markets around the country first. Apparently the drivers, rather than use some fancy, newfangled Internet doohickey, simply burn the data captured by the rooftop camera array onto a CD and mail it back to Mountain…
With the purchase of a $5 gift card, or by entering your personal information in the company's database for a rewards program, Starbucks will allow you to sip on two hours of free Wi-Fi from AT&T at stores. The Seattle-based fast food chain may be one of the first to be hit by any economic downturn as Americans cut…
Howard Schultz, the founder of Death Star coffee chain and religious icon Starbucks, built the company up from nothing with pure grit, energy, and a visionary outlook. Then he went too far, aiming to open 40-freaking-thousand stores (more than McDonald's), and the company's stock price cratered over the past year.…
Starbucks CEO Howard Schultz dampened analyst expectations for the company's performance ahead of its April 30 quarterly earnings anouncement, sending shares tumbling 10.4 percent in after-hours trading. "The current economic environment is the weakest in our company's history," he said to explain why the company is…
Sad news for all you caffeine addicts out there: no, not the same old about how you're killing your heart, raising your blood pressure and such. Starbucks is closing! For three very important hours, that is. Today, starting at 5:30pm (peak post-work fueling time!), all 7,100 Starbucks locations will shut down for…
Starbucks has fired Jim Donald as CEO, replacing him with Howard Schultz, the coffee chain's chairman. Changes in the works: Closing struggling stores, slowing store openings, and improving the "store experience." Translation: Dealing with the reality of competing with McDonald's as yet another fast-food chain. [WSJ]
Draper Fisher Jurvetson has led a $12 million investment round in Redfin, the Seattle-based online real-estate broker. But what does it say that Tim Draper and Steve Jurvetson, the venture capitalists behind such early Internet hits as Overture and Hotmail, have delegated new Web discoveries to junior partners in…
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