Starbucks (SBUX) has decided to move some of its most senior people around. It is not something that the military likes to do in wartime. And, it is rarely done on ships under sail. It frightens the passengers.
Martin Coles, who has served as president of Starbucks Coffee International since 2004, will become COO. Growth overseas has been stronger than in the US, so his efforts may rub of on the headquarters staff.
Jim Alling, the head of Starbucks’ U.S. business, will replace Coles as president of the company’s international unit.
There is certainly nothing sinister about the moves, but they do come during earnings season, and it is hard to see why the company would make the changes if everything were going well.
Wall St. shall see soon enough.
Douglas A. McIntyre
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.