Sack the CEO and bring back the founder. The market likes it. And, it worked at Starbucks (SBUX) for all of four days. The shares have fallen as low as $18.92 in today’s trading.
The shares should not have moved up in the first place. Howard Schultz may be the best person to run the coffee chain, but the problems of a tarnished image and too many stores in the US may take a year or more to solve.
Schultz will have to contend with high milk prices and the fact that a recession will even hurt people with enough money to spend $4 on a cup of coffee.
Starbucks made the right move changing management, but it may not be reflected before 2009.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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