Motley Fool Money Meet Starbucks' New Boss (Same As The Old Boss)
Mar 16, 2022
In this engaging discussion, Jason Moser, a senior analyst at Motley Fool, and Asit Sharma, another seasoned analyst, dive into the surprise retirement of Starbucks CEO Kevin Johnson and the return of Howard Schultz. They explore the board's search for a new CEO, with Roz Brewer as a top candidate, and Starbucks' ambitious goal to eliminate disposable cups by 2025. The duo also reflects on Intuit's impressive 250% stock growth, dissecting its evolution from TurboTax to a comprehensive suite of financial solutions, while navigating challenges in the market.
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Starbucks CEO Search
- Starbucks needs a new CEO as Kevin Johnson steps down.
- Chris Hill expresses concern about their delayed search, despite having a year's notice.
Reason for Delay
- The Starbucks board states the CEO search delay was due to pandemic restrictions.
- They emphasize their commitment to a thorough, in-person process.
High Stakes Hiring
- Chris Hill suggests the Starbucks CEO search is crucial and should yield a strong hire.
- He speculates about external hires due to long-tenured internal executives.