Tuesday, March 22, 2011

With an extra shot

As a frequent Starbucks consumer (in the past few weeks I've been to the Longwood, Jennersville, downtown West Chester, and Lionville branches) I was interested to read that Howard Schultz, the CEO, received his largest-ever bonus in 2010: $3.5 million, up from a paltry $1 million the previous year.
Based on a story in the March 18 "Wall Street Journal," it was well deserved: "Starbucks recently turned around sales after the toughest stretch in its 40 years. The company's profit more than doubled to record levels...Starbucks investors also got richer, with gains in the stock plus dividends up 24.9% last year."

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