Starbucks Corp will pay former Chief Executive James Donald, who was ousted earlier this month, $1.25 million over a 12-month period, the coffee chain said in a regulatory filing on Monday.
The Starbucks founder and chairman, Howard Schultz, returned to the helm of the company on Jan. 7. He plans to close underperforming U.S. outlets and speed up international growth at the formerly fast-growing company.
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Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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