Breakingviews Starbucks Has Too Many Baristas In The Boardroom

Starbucks Accused of Having Too Many Baristas in the Boardroom

Elliott Management Pressures for Change

Starbucks is facing pressure from Elliott Management, an activist investor, to make changes to its board of directors. Elliott contends that the company has too many former baristas on its board, which is inhibiting its growth potential. In a letter to Starbucks, Elliott argued that the board lacks the necessary experience and diversity to lead the company into the future.

Starbucks' Response

Starbucks has responded to Elliott's letter, stating that it values the diversity of its board and that it is committed to making changes to improve its performance. The company has also said that it is open to considering Elliott's recommendations for new board members.