Post #150520

Starbucks CEO declines to appear at U.S. Senate labor law hearing Starbucks Corp (SBUX.O) Chief Executive Howard Schultz declined an invitation from 11 senators to testify on March 9 on the coffee company's compliance with federal labor law, according to a letter seen by Reuters late on Tuesday. Last week, U.S. Senator Bernie Sanders, who chairs a committee on labor issues, and 10 other members of the committee asked Schultz to answer by Feb. 14 whether he would take part. Schultz, who rejoined Starbucks as interim CEO in April 2022, will "fully transition" out of the role next month, Starbucks acting executive vice president and general counsel, Zabrina Jenkins, said in the letter. read more