SBUX - Coffeehouse Compromise: Starbucks Shareholder SOC Pulls Director Nominations Amid Breakthrough In Labor Relations | Benzinga
The Strategic Organizing Center (SOC), a shareholder of Starbucks Corporation (NASDAQ:SBUX), has withdrawn its director nominations.
The decision comes as the SOC believes that the recent agreement reached by Starbucks and Workers United represents meaningful progress that will benefit all stakeholders.
The SOC started its campaign for change at Starbucks last November, believing that the coffee giant’s response to its employees’ attempts to unionize was misguided. It said Starbucks’ strategy overseen ...