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Market
Will Starbucks announce a new CEO by end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Starbucks
Story
Starboard Value Takes Stake in Starbucks Amid Activist Pressure
Aug 9, 2024, 08:37 PM
Starboard Value, an activist investment firm, has taken a stake in Starbucks, joining Elliott Investment Management in pushing for changes at the coffee giant. The move comes as Starbucks is engaged in settlement talks with Elliott. The involvement of two activist investors is influencing Starbucks' stock, which has seen a 3.64% increase in after-hours trading. Starboard's investment is part of a broader strategy to boost Starbucks' stock price.
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Current COO • 25%
External hire • 25%
Current CFO • 25%
Other • 25%
CEO replacement • 25%
CFO replacement • 25%
COO replacement • 25%
No significant changes • 25%
New product launch • 25%
Cost-cutting measures • 25%
Expansion into new markets • 25%
Other • 25%
Remains CEO • 25%
Steps down voluntarily • 25%
Replaced by board decision • 25%
Other • 25%
