“The SOC Investment Group, an investment advisory group affiliated with the Strategic Organizing Center — a major coalition of North American trade unions — filed a shareholder proposal last week seeking to separate Starbucks’ CEO and board chair roles.
The investor pressure came days after Starbucks Workers United called on consumers to boycott the coffee chain until it settles a contract with the union, which represents approximately 12,000 workers.
Previous efforts by pro-labor investors to pressure Starbucks have met mixed results, and recent strikes by SBWU have not resulted in a contract. A consumer boycott, however, could slow the momentum of the chain’s multi-year turnaround plan.”
Read the full article at Restaurant Dive.