SBUX - Expert Slams Starbucks CEO's Response To Falling Stock Performance: 'You Got To Be On Drugs To Say Something Like That On National Television' | Benzinga
Former TD Ameritrade CEO, Joe Moglia, has criticized Starbucks Corporation (NASDAQ:SBUX) CEO, Laxman Narasimhan, for his handling of the company’s falling stock performance.
What Happened: On Monday, Moglia expressed his views during “Last Call” by CNBC. He highlighted a recent CNBC interview featuring Narasimhan and “Mad Money” host Jim Cramer where the latter grilled the Starbucks CEO over the company’s declining stock performance. Moglia supported Cramer’s line of questioning and criticized Narasimhan’s responses.
Moglia said, "I think what he said was ‘the plan we have in place is actually pretty good.’ You got to be on drugs to say something like that on national television.”
"What you're doing is not working. You've got to acknowledge that."
"You got to be on drugs to say something like that on national television," says @CoachJoeMoglia on CEO Laxman Narasimhan's commitment to the company's current plan. "What you're ...