Here is this week’s edition of the CxO newsletter, which every Tuesday brings leaders the news, analysis and advice they need to navigate the ever-changing corporate world.
What do Tom Brady and Howard Schultz have in common? Last week, quite a bit: MVPs in their own right, both revealed they’d beStarbucks announced
unusual for a chief executive to return not once but twice. And though the company says his tenure will be on an interim basis, and that he’ll be paid just $1 , governance experts tell my colleague Jena McGregor that putting an interim in place can raise questions about long-term strategy, not to mention have implications for future CEO recruitment.
And that’s not even the strangest part: The coffee company in its announcement acknowledged that Johnson first “signaled” his interest in retiring a year ago. Why does Starbucks need an interim CEO at all? What happened to succession planning?
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