Activist Investors

Starbucks Fired Indian CEO Laxman Narasimhan

Starbucks Corporation has suddenly parted ways with its CEO, Laxman Narasimhan, effective immediately. This surprising decision comes during a time of declining sales and growing pressure from activist investors. Narasimhan, who took on the CEO role in April 2023, had previously served as the interim CEO and chief commercial officer. Starbucks has named Brian Niccol,…