The struggling coffee chain has tapped Chipotle CEO Brian Niccol to be its new chairman and CEO, effective September 9. Starbucks’ stock soared more than 13% in premarket trading, while Chipotle’s dipped 8%.
Niccol has been leading the Mexican-inspired food chain since 2018, with Starbucks saying he has set “new standards in the industry and driven significant growth and value creation,” pointing to its revenue growing nearly 800% during his tenure.
Yes. This way, the local guy I’ll never know, who employs dozens of local people, will get his profits; instead of a remote guy I’ll never know, who employs dozens of local people. Help me understand which stranger is more worthy, then, based on the zip code of their house?
There are plenty of tiny coffee places (and other small businesses) near me where the owner is there all day, every day with just one or two employees. You’ll get to know them if you want to. You might also bump into them around town. If they suck, patronize a different place.
Theoretically, most of the money that I spend there stays in town, helping to keep other businesses and families going. They probably sponsor the local animal shelter or little league team. I like that.
I’ve worked in small businesses and corporate America. In my experience corporate America always sucks, small business only sometimes suck. I don’t like supporting large corporations and especially not their admin and C-suite. Those vampires are why the wealth gap is growing so quickly.
Corporate food is boring.
Some people argue that all of the transportation involved in moving around product and people for multi-national corporations is worse for the environment. I don’t care about that personally but it seems like a reasonable conclusion.
Have you been to local shops? Usually local owners participate in the business, we see ours roasting all the time. The last place we went when traveling was opened right next to the AT by a hiker who runs it by herself with a friend.
If you haven’t met the owner, you probably haven’t tried to. But my guess is, you don’t go there anyway out of some weird spite.